India's steel consumption rises 8.3% on strong domestic demand

India's steel consumption surged by 8.3% in the first quarter of FY2026-27, driven by robust domestic demand across various sectors, including infrastructure and construction. This growth signifies a positive trend for the country's economic expansion, reflecting increased investment in infrastructure projects. The rise in consumption could also indicate a shift towards more sustainable practices, as the steel industry adapts to meet the growing demand while maintaining efficiency and reducing environmental impact. This uptick is crucial as it supports job creation and bolsters the manufacturing sector, which is a key driver of India's economic growth.