India’s Steel Demand Remains Strong Amid Global Uncertainty: Tata Sons Chairman

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India’s Steel Demand Remains Strong Amid Global Uncertainty: Tata Sons Chairman

Business 04 Mar 2025 11:31 AM IST Economic Times

Steel Demand Remains Strong – Despite global geopolitical uncertainties, steel consumption is expected to grow, driven by infrastructure and industrial expansion.
India’s Growth a Key Driver – Rising investments in construction, automotive, and manufacturing will support steady demand in the Indian market.
Focus on Sustainability – Tata Steel is committed to green steel production and technological advancements to navigate challenges and ensure long-term growth.

Tata Sons Chairman, N. Chandrasekaran, remains optimistic about the future of the steel industry, stating that demand will continue to grow despite ongoing geopolitical uncertainties. He emphasized that infrastructure development, urbanization, and industrial expansion will sustain the need for steel, especially in emerging economies like India.

Speaking at an industry event, Chandrasekaran acknowledged that global conflicts, trade restrictions, and supply chain disruptions pose challenges. However, he reassured that India's robust economic growth, coupled with increasing investments in construction, automotive, and manufacturing sectors, will keep steel consumption on an upward trajectory.

He also highlighted Tata Steel's commitment to sustainable practices, green steel production, and technological advancements to enhance efficiency. With a strong focus on innovation and sustainability, Tata Sons aims to navigate global uncertainties while ensuring steady growth in the steel sector.

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