New Delhi, Aug. 25 -- India's steel industry is likely to see a volume-led recovery in the second half of FY27, supported by lower input costs, easing maintenance disruptions and strong domestic demand, according to Yes Securities Institutional Equities.

The brokerage said Indian steel producers continue to benefit from strong domestic fundamentals, with industry growth expected to reach up to 9 per cent in FY27.

Steel demand is also expected to improve further after the monsoon season.

"H2FY27 recovery to be led by volumes and lower input costs Management commentary across steel producers remained constructive on the medium-term outlook despite expecting a seasonally softer Q2FY27," it said.

The report further noted that capacity uti...