Low prices and dumping of sub-standard steel were hurting the domestic steel industry, steel secretary Sandeep Poundrik said on Tuesday. Domestic steel prices are running at an almost five-year low, Pondrik said, underlining that, “while the prices were too high five years ago, they are now lower than where they should have been.”

Addressing the Confederation of Indian Industry (CII) Steel Summit 2025, Poundrik called prices a major challenge as India is looking to add new capacity in the sector at a rapid pace. Poundrik said about 150 smaller firms have stopped production due to low prices.

“We would be adding around 100 million tonnes every five to seven years, positioning India to not only meet domestic demand for the key building, industrial and infrastructure input but also emerge a

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