Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
India’s steel market is set for steady long-term growth, supported by major infrastructure spending, rapid urbanisation and rising industrial demand. According to the market outlook, India’s steel consumption stood at 153.4 million tonnes in 2025 and is projected to reach 220.5 million tonnes by 2034, growing at a 5.95% CAGR during 2026–2034.
The growth story is being driven by highways, railways, metros, housing, manufacturing expansion and automotive demand. Flat steel continues to lead the market, backed by strong use in automobiles and industrial applications, while structural steel remains central to construction and infrastructure projects.
Green steel, electric arc furnace production and value-added steel products are also gaining importance as Indian steelmakers focus on cleaner technology and better margins. However, challenges such as coking coal import dependence, low-cost imports, logistics costs and emission compliance may continue to pressure producers.
Also Read : Anil Agarwal Unveils $20 Billion Growth Vision Across Steel, Aluminium and Zinc Indian alloy steel producers seek anti-dumping duty on Chinese imports.
MECON, a public sector enterprise under the Ministry of Steel, has issued a request for proposals (R...
Press Releases 14-Jun-2024
Mukand Sumi Special Steel Limited (MSSSL), a joint venture between the Bajaj Group and Sumitomo Corp...
India 01-Sep-2025
Tamil Nadu's nominal Gross State Domestic Product (GSDP) is projected to expand to about $2.6 trilli...
Announcement 30-Jan-2024
South Korea’s steel exports to the US dropped 19% YoY in March 2025. Trump-era tariffs of up...
Business 19-Apr-2025
Finolex Cables Ltd has inked a Memorandum of Understanding (MoU) with the Department of Industries,...
Small Enterprises 22-Feb-2024
The Adani Group is planning a $3 billion investment to strengthen its port operations, with an eye o...
Business 23-May-2024