India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India’s steel demand is projected to grow by 9–10% in FY26, according to Steel Secretary Sandeep Poundrik. The growth will be driven by infrastructure development, housing projects, and strong demand from sectors such as automobiles, renewable energy, and capital goods.
The government’s ongoing public capital expenditure push and private sector investments are expected to sustain momentum. India has already seen consistent growth in steel consumption over the past few years, supported by both urban and rural infrastructure projects.
Officials noted that maintaining this growth trajectory will require continued focus on domestic capacity expansion, supply chain resilience, and adoption of green steel practices to align with global sustainability goals.
The outlook reinforces India’s position as one of the fastest-growing steel markets globally, playing a crucial role in the country’s industrial growth story.
Also Read : India Plans Support Package to Counter US Tariffs on Steel and Aluminium Govt Targets Tenfold Increase in Steel Exports to 50 Million Tonnes: Piyush Goyal
TATA Steel UK launches research initiative to develop AI-driven low-carbon auto steel Tata Steel UK...
Press Releases 14-Jul-2025
Trump opposes U.S. Steel's foreign acquisition to safeguard national industry. Political and union...
US 14-Apr-2025
NTPC placed an order with state-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) for the c...
Energy 19-Mar-2024
Steel Dynamics to Fully Acquire New Process Steel Fort Wayne, Indiana Steel Dynamics, has announced...
Construction 20-Aug-2025
Indian Coast Guard (ICG) and Hindalco Industries inked a Memorandum of Understanding (MoU) to manufa...
Press Releases 10-May-2024
According to the data sourced from the Indian Ports Association (IPA) on Monday, March 11, India's c...
Raw Material 11-Mar-2024