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 finished steel consumption recorded a healthy 7% growth in FY26, reflecting sustained demand across key sectors such as infrastructure, construction, and manufacturing. The steady rise highlights the resilience of domestic steel demand despite global uncertainties and cost pressures.
Government-led infrastructure spending, along with increased activity in real estate and capital goods, played a significant role in driving consumption. The growth trend also signals improving industrial activity and continued momentum in India’s economic expansion.
Industry experts note that stable demand conditions are supporting steel producers, even as they navigate challenges such as raw material costs and global price volatility. The outlook remains positive, with expectations that infrastructure projects and policy support will continue to underpin steel demand in the coming quarters.
The 7% increase reinforces India’s position as one of the fastest-growing steel markets globally, with domestic consumption acting as a key pillar for the sector’s long-term growth story.
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