MetalsPre-market
150 small steel mills suspend operations amid low prices
pre-market1 source ↓written by the desknot a recommendation
- in India
- 150 small steel mills
- in the next
- 100 million tons
About 150 small steel mills in India have suspended operations due to excessively low steel prices. This halt was announced by Steel Secretary Sandeep Paundrik at the STEEL SUMMIT 2025, highlighting severe challenges for the industry.
The situation worsens as the government plans to boost steel capacity by 100 million tons in the next 5-7 years, amid pressures from global overproduction and dumping of imported steel.
Not investment advice. For informational purposes only.