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China’s Steel Sector Is Softening, but With Resilience

China’s steel production peaked at 1.065 billion metric tonne in 2020.

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There are two ways of looking at the 1.7% decline in China’s steel output last year.The first is that it confirms that the world’s largest producer of the key industrial metal is now in an established downtrend, and further weakness is likely this year.
The second is that the steel industry is actually remarkably resilient in the face of major economic challenges, and that output has been essentially flat at extremely strong levels for the past five years. Both are essentially factual, and reflect the classic glass half-full or half-empty dilemma.
On the half-empty side of the ledger is the fact that China’s steel production peaked at 1.065 billion metric tons in 2020, and has trended lower since then, with 2024 output coming in at 1.005 billion tons. But another way to look at China’s steel output is that it has been within a 70 million ton range between 2019 and 2024, which is actually quite a stable performance.
Perhaps the best way to characterise China’s steel production is that it likely has peaked, but the decline so far has been gentle, and output remains relatively high despite the well-publicised struggles of the world’s second-biggest economy since the COVID-19 pandemic.
Similar to other markets, the answer remains unclear and subject to factors yet to come into play, chief among them what trade tariffs are put in place by the new administration of U.S. President Donald Trump, who resumed the office . It’s also uncertain as to whether 2025 is the year China’s struggling residential property sector gets back on its feet, or whether it remains hostage to weak developer balance sheets and consumer wariness. A third factor is what will happen to China’s steel exports in 2025, after they hit a nine-year high of 110.72 million tons in 2024.
This was up 22.7%, or just over 20 million tons, from the previous year, with the increase helping to offset some loss of domestic consumption for steel mills. The volume of Chinese steel hitting global markets has led to some consternation among countries such as India, which is trying to boost the pace of expansion of its own steel sector.
This raises the possibility that China may find it harder to increase steel exports in 2025.But it is worth noting that not all importing countries are opposed to buying more steel from China, especially those without a domestic steel sector. The best-case scenario for China’s steel sector this year is one where trade tariffs aren’t too punitive, the domestic economy continues to regain momentum and construction activity stabilises, or perhaps even increases. Under such a scenario, the best outcome for China’s steel production would be steady output around 1 billion tons. This also means that China’s demand for iron ore is likely to remain steady as well, although it may ease from the record high of 1.24 billion tons in 2024.

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JK Lakshmi Cement Breaks Ground on Rs 110 bn Assam Plant

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The company launches Rs 110 bn Project Kamakshi in Assam, marking its Northeast entry with a 2.5 MTPA integrated cement plant.

New Delhi, 30 October 2026

JK Lakshmi Cement Ltd has broken ground on Project Kamakshi, an integrated cement manufacturing facility in Assam, marking its entry into India’s Northeast market. The company is investing Rs 110 billion in the project, including the mining lease, to strengthen its manufacturing footprint and serve growing regional cement demand.

The groundbreaking ceremony was held on 30 October 2026 at Umrangso village in Assam’s Dima Hasao district, in the presence of Assam Chief Minister Himanta Biswa Sarma.

The proposed facility will have an annual cement production capacity of 2.5 million tonnes, supported by a 1 million-tonne clinkerisation unit. Equipped with dedicated railway sidings, the plant is designed to facilitate efficient transportation of raw materials and finished cement across the Northeast.

Scheduled for completion by FY2029, Project Kamakshi is expected to generate employment opportunities for more than 2,000 people while strengthening the region’s industrial and economic development.

Vinita Singhania, Chairperson and Managing Director, JK Lakshmi Cement Ltd, said, “Project Kamakshi is the start of a long-term relationship with Assam and the wider North East. This is a region that is building fast, and it deserves quality cement made close to home. With this plant, we want to bring scale, jobs, and dependable supply to the region. At JK Lakshmi Cement, we believe that building a stronger India goes beyond infrastructure. It is also about growing together with the communities we serve.”

The integrated facility is expected to improve supply reliability, optimise logistics and reduce dependence on cement transported over long distances, positioning JK Lakshmi Cement to capitalise on infrastructure and construction growth across the Northeast.

The investment aligns with the company’s strategy of expanding into high-growth markets through greenfield projects. With its entry into Assam, JK Lakshmi Cement will extend its geographical presence beyond its established Northern, Western and Eastern markets.

The company also aims to align its future expansion with its long-term sustainability commitment to achieve net-zero emissions by 2047.

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Foundation is always product performance

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Pushp Raj Singh, Group President – Sales and Marketing, JK Cement, explains how brand loyalty is cultivated with superior product performance and consistent communication for a sustainable competitive advantage.

At JK Cement, branding is embedded in the business strategy, built into every customer touchpoint, and measured against outcomes that go well beyond awareness and reach. In this exclusive interview, Pushp Raj Singh, Group President – Sales and Marketing, JK Cement, brings clarity to what modern cement branding actually demands, while emphasising that the shift from commodity to brand begins not in advertising but in the consistency of experience that a contractor, dealer or homebuilder encounters every single time they interact with the product, the company and the people behind it.

How has branding evolved from being a support function to a strategic growth driver in the cement industry?
In a largely standardised category like cement, branding today is a strategic growth lever. It builds trust, drives preference and strengthens long-term loyalty.
For consumers, our brand provides confidence and assurance in building their homes. For our customers — including dealers, retailers, contractors and institutional partners — it creates market pull, credibility and stronger business relationships.
At JK Super Cement, branding is closely aligned with business strategy, ensuring that every touchpoint reinforces our promise of quality, reliability and BUILDing STRONG.

What are the key pillars that define a strong and differentiated cement brand today?
A strong cement brand today is built on five key pillars: consistent product quality, trust earned through performance, innovation, sustainability and customer engagement. While product performance remains fundamental, consumers increasingly value brands that provide technical support, both offline and online, and demonstrate responsible manufacturing. The ability to deliver a superior customer experience across every interaction is what truly differentiates a brand.

How do you balance product performance, trust, and emotional appeal in your
branding strategy?
The foundation is always product performance because trust is earned on the construction site. For us, product performance remains the starting point because trust in this category is earned on the construction site, project after project. A brand can only create lasting preference when its promise is consistently proven through quality, durability, and reliability.
At the same time, we recognise that people are not just buying cement; they are building homes, businesses, aspirations, and legacies. Our communication, therefore, goes beyond functional superiority to connect with the deeper emotional significance of building something that must stand strong for generations. This is where our positioning of “Build Strong” comes alive, not only as a product promise, but as a belief that reflects strength, confidence, and long-term value for every stakeholder in the construction ecosystem.
By combining performance-led credibility with emotionally resonant storytelling, we are able to build stronger relationships with our consumers & customers alike. Our communication reflects both functional excellence and the significance of creating structures that last for generations. This combination helps build deeper brand relationships with all stakeholders in the ecosystem.

What role does digital marketing play in influencing dealers, contractors and end consumers?
Digital marketing has become an essential engagement platform across the construction ecosystem. It enables us to educate customers, showcase product innovations, share technical knowledge and maintain continuous engagement with dealers, contractors, architects, engineers and homeowners. Digital channels also provide valuable insights into customer preferences helping us to deliver more relevant communication and improve the overall marketing effectiveness.

How do you measure the effectiveness and ROI of your branding initiatives?
We evaluate effectiveness through both business and brand metrics. We track indicators such as brand awareness & recall, recommendation, consideration engagement, channel participation and lead generation. More importantly, we assess how branding contributes to business outcomes including market penetration, dealer engagement, premium product adoption and customer loyalty.

How has consumer awareness changed the way cement brands communicate their value proposition?
Consumers are highly informed and research driven. They seek information about product performance, certifications, and application suitability before making purchase decisions. As a result, communication has become more transparent and educational. We simplify technical information to aide our customers in making an informed decision during their home building journey.

What challenges do cement manufacturers face in building brand loyalty in a largely commoditised market?
The biggest barrier to building loyalty is the conversation centred around price. While cement may often be viewed as a commodity, users continue to value consistency, reliability, technical support, and trusted relationships. Building loyalty requires delivering consistently superior product quality, technical services, and a consistent supply. Strong brands create confidence among their users that extends beyond the product itself.

What branding trends do you believe will shape the future of the cement industry over the next five years?
The future will be shaped by a digital-first engagement, sustainability-led storytelling, with a high focus on customer experience on ground. Along with strength, customers also expect brands to demonstrate transparency and environmental responsibility. We also see greater integration of technology across the construction ecosystem making digital engagement an important differentiator. Brands that combine product excellence with purpose and innovation will lead the industry.

-Kanika Mathur

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SAIL Posts Highest-Ever December Sales, FY26 Growth Strong

December volumes jump 37 per cent, momentum continues through April–December.

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Steel Authority of India (SAIL), a Maharatna central public sector enterprise and one of India’s largest steel producers, has recorded its highest-ever sales for the month of December, reflecting strong demand and improved operational performance.
According to provisional data, SAIL clocked sales of 2.1 million tonnes (MT) in December 2025, registering a robust growth of around 37 per cent compared with 1.5 MT sold in December 2024. This marks the company’s best performance for the month of December to date, with strong growth reported across product categories and sales channels, alongside a significant reduction in inventory levels.
The strong monthly performance was driven by a sharp focus on timely customer deliveries and enhanced market engagement. SAIL has also stepped up its branding and outreach initiatives in recent months, contributing to improved visibility and stronger customer connect in both retail and institutional segments.
The December showing helped SAIL sustain its growth momentum during the current financial year. Cumulative sales for the April–December 2025 period stood at 14.7 MT (provisional), reflecting a growth of about 17 per cent compared with 12.6 MT recorded during the corresponding period of the previous year.
In addition to solid performance in the domestic market, SAIL’s export volumes have also witnessed a significant increase, highlighting the company’s expanding global footprint and competitiveness in international markets. The improved export performance comes amid volatile global steel market conditions, underscoring SAIL’s ability to adapt and capitalise on emerging opportunities.
The sustained improvement in sales volumes reflects SAIL’s strengthened market presence, customer-centric approach and operational efficiencies. The record-breaking achievements across domestic and overseas markets reinforce the company’s position among India’s leading steel producers and are expected to further enhance its standing among major global steel players in the coming years.

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