Global vs Indian Steel Demand – A Diverging Path in 2025

India and the World: Contrasting Steel Demand Paths for 2024–25
Meta Title: Global vs Indian Steel Demand – A Diverging Path in 2025

Meta Description: As global steel demand sees modest recovery and China slows down, India continues to surge with 8% growth in 2025. Explore key demand, capacity, and supply trends.

📅 Business | 29 May 2025 | 06:30 PM IST | SB Team

Amid a volatile global steel landscape, India is scripting a resilient growth story. According to the latest 2024–25 data:

Year    Global Steel Demand (Mt)    China Steel Demand Change (%)    India Steel Demand Growth (%)    Global Steel Capacity (Mt)    Excess Capacity (Mt)
2024    1,751    -3%    8.5%    2,472    602
2025    1,772    -1%    8%    2,637    721

🔍 Key Observations:

🌍 Global steel demand rebounded slightly in 2025 after a 0.9% dip in 2024.
🇨🇳 China continues to contract in steel usage, with a -1% change in 2025, following a sharper -3% drop the year prior.
🇮🇳 India maintains its upward momentum with 8% demand growth in 2025, underpinned by government-led infrastructure and real estate projects.
🏗️ Global overcapacity worsens — rising from 602 Mt in 2024 to 721 Mt in 2025 — raising sustainability and pricing concerns.

🔧 Strategic Impact on the Steel Ecosystem:

While global markets remain cautious, Indian steel buyers and processors are faced with a unique opportunity: meet booming demand while navigating import pressures, capacity bottlenecks, and pricing volatility. Strategic sourcing, supplier diversification, and agile pricing models are key imperatives.

🧠 The SteelBazaar Advantage:

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