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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.
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