India Steel Market Size, Share, Growth Insights, Trends & Industry Outlook 2025-2033

According to the latest report by IMARC Group, titled "India Steel Market Report by Type (Flat Steel, Long Steel), Product (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids), Application (Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances), and Region 2025-2033," the report presents a thorough review featuring the India Steel Market growth, share, trends, and research of the industry.

Market Size & Future Growth Potential:

The India steel market size was valued at 144.43 Million Tons in 2024 and expects the market to reach 256.73 Million Tons by 2033, exhibiting a growth rate (CAGR) of 6.20% during 2025-2033.

Latest Market Trends:

The Indian steel market is experiencing dynamic growth driven by robust infrastructure expansion and industrial modernization. The government's focus on large-scale infrastructure projects is creating unprecedented demand for steel products. The Bharatmala Pariyojana road connectivity project and the Smart Cities Mission are significantly boosting steel consumption across the nation. The country is targeting expansion to 200,000 km of National Highways with enhanced private sector participation, which requires massive quantities of steel for bridges, highways, and transportation infrastructure.

The construction sector is witnessing a major transformation with high-rise buildings, shopping malls, and residential complexes mushrooming across urban centers. Government-backed affordable housing initiatives are driving substantial steel demand. The Finance Minister announced the Pradhan Mantri Awas Yojana-urban 2.0 with an allocation of INR 10 lakh crore in the Union Budget 2024-25 to support 1 crore urban poor for affordable housing, creating strong momentum for steel consumption.

India's automotive sector is emerging as a significant steel consumer, with the country positioning itself as a global manufacturing hub. The annual requirement for flat steel in the automotive sector stands at 7.8 million tons, expected to grow by 6-7 percent annually. The rising production of electric vehicles is further expanding steel demand, particularly for specialized high-strength steels used in battery packs and structural components. Advanced high-strength steels are increasingly being adopted in vehicle manufacturing to enhance fuel efficiency and safety standards.

The steel industry is undergoing a technological revolution with integration of automation, artificial intelligence, and the Internet of Things into manufacturing processes. These technologies are improving operational efficiency, reducing production costs, and enhancing product quality. Companies are investing heavily in digitalization to optimize their operations and maintain competitive advantages in the evolving market landscape.

Request Free Sample Report: https://www.imarcgroup.com/india-steel-market/requestsample

Market Scope and Growth Factors:

The scope of the India steel market is expanding significantly as the nation strengthens its position as the world's second-largest steel producer. India's steel production capacity has reached 200.33 Million Tons and is projected to reach 300 Million Tons by 2030, reflecting the government's ambitious expansion targets and strong policy support.

The market is being propelled by multiple demand drivers across key sectors. Infrastructure development remains the primary catalyst, with government initiatives like the PM-Gati Shakti National Master Plan and the National Infrastructure Pipeline creating sustained long-term demand. The construction sector's transition to metal-intensive building methods is amplifying steel consumption in both residential and commercial segments.

Manufacturing and industrial sectors are contributing to market expansion through increased steel utilization in machinery, equipment, and industrial products. The packaging and engineering segments are emerging as important growth areas. India's strategic focus on becoming self-reliant in high-grade steel production is opening new opportunities. The Production Linked Incentive scheme for specialty steel has attracted committed investments worth INR 43,874 crore, with INR 22,973 crore already deployed, creating over 13,000 jobs and adding significant capacity.

Sustainability initiatives are gaining traction as the industry focuses on reducing carbon footprints and adopting green steel production methods. Green steel demand is forecasted to climb from negligible levels to 4.49 million tonnes by FY30, with projections rising to 24 million tonnes by FY35 and 179 million tonnes by FY50. Steel producers are implementing advanced technologies to enhance energy efficiency and environmental performance.

The industry benefits from India's abundant iron ore reserves with the potential to produce 700 million tons annually, securing a stable raw material supply. The presence of cost-effective labor and ongoing investments in transportation and warehousing infrastructure are further supporting market growth. As industries continue evolving and consumer expectations rise, the steel market is positioned for sustained expansion and innovation.

Recent News and Developments:

• ArcelorMittal Nippon Steel India (AM/NS India) commissioned two new automotive steel production lines at its Hazira plant in Gujarat in 2025, including a Continuous Galvanizing Line and Continuous Galvanizing and Annealing Line, with capabilities to produce steel with strength levels up to 1180 MPa for advanced automotive applications.
• AM/NS India secured 890 hectares of land in Rajayyapeta, Anakapalli district, Andhra Pradesh in March 2025 for a new integrated steel mill with planned capacity of approximately 7 million tons per annum of crude steel, marking a significant expansion beyond its Hazira operations.
• JSW Steel and South Korea's POSCO signed a non-binding Heads of Agreement in August 2025 to explore establishing a 6 million tons per annum integrated steel plant in India through a 50:50 joint venture, with Odisha among the key locations under consideration.
• The government launched the third round of the Production Linked Incentive (PLI) scheme (PLI 1.2) for specialty steel in November 2025 with a total outlay of INR 6,322 crore, aiming to add approximately 26 million tonnes of specialty steel capacity over the coming years.
• India and Japan held the third Steel Dialogue on February 4, 2025, in New Delhi, discussing economic trends, steel trade, and industry developments, with India highlighting policy initiatives, green steel efforts, and investment opportunities for Japanese companies.
• Prime Minister Narendra Modi addressed the India Steel 2025 event, calling the steel industry the backbone of India's growth and announcing targets to boost steel exports to 25 million tons and increase production capacity to 500 million tons by 2047.
• The metallurgical industries sector attracted Foreign Direct Investment inflows of INR 1,60,000 crore (approximately USD 18.67 billion) between April 2000 and June 2025, according to data from the Department for Promotion of Industry and Internal Trade.

Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Steel Market Share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Segmentation by Type:

• Flat Steel
• Long Steel

Segmentation by Product:

• Structural Steel
• Prestressing Steel
• Bright Steel
• Welding Wire and Rod
• Iron Steel Wire
• Ropes
• Braids

Segmentation by Application:

• Building and Construction
• Electrical Appliances
• Metal Products
• Automotive
• Transportation
• Mechanical Equipment
• Domestic Appliances

Segmentation by Region:

• South India
• North India
• West and Central India
• East India

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Contact Our Analysts for Brochure Requests, Customization, and Inquiries Before Purchase: https://www.imarcgroup.com/request?type=report&id=9492&flag=C

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Access the Latest 2026 Data & Forecasts: https://www.imarcgroup.com/checkout?id=9492&method=1337

Why Choose IMARC Group:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery
• Cost-Effective Service Options

Explore More Research Reports & Get Your Free Sample Now:

India Hospital Market Report: https://www.imarcgroup.com/india-hospital-market/requestsample

India Textile Market Report: https://www.imarcgroup.com/india-textile-market/requestsample

https://markettinsights.mystrikingly.com/blog/india-hospital-industry-2025-size-share-trends-growth-insights-forecast/i/view_as_owner

Note: If you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: +1-201971-6302 | Africa and Europe: +44-702-409-7331

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.