Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
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.
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