Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Iron Ore and Dry Bulk Freight, Mint Finance

Umang Agrawal

Iron Ore and Dry Bulk Freight

Thematic (Sector/Industry)

India Materials / Thematic (Sector/Industry)

<ul>
<li>Domestic steel prices hit a five-year low in 2025 as Chinese imports, weak utilisation below 80%, and input pressures compressed margins.</li>
<li>Policy and trade dynamics are turning constructive, as safeguard duties, falling imports, and tighter Chinese export controls begin to rebalance domestic markets.</li>
<li>Demand momentum is set to re-accelerate in 2026, led by infrastructure execution, housing recovery, EV-linked steel intensity, and early green steel adoption.</li>
</ul>


Domestic steel prices hit a five-year low in 2025 as Chinese imports, weak utilisation below 80%, and input pressures compressed margins.
Policy and trade dynamics are turning constructive, as safeguard duties, falling imports, and tighter Chinese export controls begin to rebalance domestic markets.
Demand momentum is set to re-accelerate in 2026, led by infrastructure execution, housing recovery, EV-linked steel intensity, and early green steel adoption.


After the Down-Cycle, the Setup Improves: India’s Steel Industry Heads into 2026 with Tailwinds