Nomura is bullish on India's steel, citing domestic demand, China cuts, price support, and raising targets now.

• China plans 9% year‑on‑year production cut in 2025, reducing cheap steel exports worldwide to markets.
• Domestic demand, limited imports, and improving price dynamics are set to boost Indian steel producers.
• Nomura lifts JSW target to ₹1,300, Jindal to ₹1,150; metals index up 16% YTD strong.