Steel Authority of India (SAIL) is expected to benefit from the decline in raw material prices on a sequential basis, though steel prices have seen some pressure.
Weak local consumption and demand in China, rising exports and excess Chinese supplies have kept pressure on global prices. China remains the largest consumer of commodities in the world, and hence, China's supply and demand remain key for global metal prices. The safeguard duty in India is supporting domestic prices, even though the US tariff conflict has turned into a possible challenge for the sector.
