India's steel sector recorded broad-based growth as domestic demand surged 8.1% year-on-year.

"While global steel demand remains flat, India’s steel sector is bucking the trend. Driven by a massive government infrastructure push and rising manufacturing activity, domestic finished steel consumption surged 8.1% year-on-year to 12.99 million tonnes. This cements India's position as the world's primary engine for metallurgical growth."