Sector Spotlight: Under-Steeled and Overdue

India is now the world's second largest steel producer — and unlike past cycles driven by global swings, this one is powered from within. In this Sector Spotlight, Ritu breaks down the structural shift reshaping the Indian steel industry: a construction boom fuelled by twelve lakh crore rupees of government infrastructure spending, capacity running at near-record highs, and India flipping from net importer to net exporter for the first time in two years. She also covers the pressure points — volatile coking coal costs, cheap Chinese steel flooding global markets, and the looming European carbon tax that could reshape how Indian steel competes abroad. With a deep look at SAIL, JSW Steel, and Tata Steel's financials, this episode gives you the full picture on a sector that is quite literally the skeleton of India's growth story.