India's Steel Industry - 2025 OVERVIEW
- sreeramspf
- Feb 19
- 2 min read
India's steel industry is set to grow fast in 2025, with demand expected to rise by 8-9%, higher than many other countries. India's steel plate manufacturing sector is a vital component of the nation's industrial framework, catering to diverse industries such as Construction, Shipbuilding, Mining , General Fabrication and automotive. The industry's growth is influenced by both domestic demand and global market dynamics.
Market Overview
In 2025, India's steel market size is estimated at 148.28 million tons, with expectations to reach 230.03 million tons by 2030, reflecting a compound annual growth rate of 9.18% during the forecast period.
Key Drivers of Growth - Make in India, Automotive, Rising demand from Construction and Export Growth in Middle East, Africa and Southeast Asia.
As of 2024, India's steel market size was valued at approximately 144.43 million tons, with projections to reach 256.73 million tons by 2033, reflecting a compound annual growth rate of 6.20% from 2025 to 2033. IN Short for the structural items 9.18% and Steel Plates 6.20%.
Production Capacity of Leading Steel Companies in India (as of 2024) for Structural items
Production Capacity of Leading Steel Companies in India (as of 2024) for Plates
Production Grades and Capacities
Tata Steel: Offers a diverse range of steel products, including flat and long products, with a focus on high-strength and advanced high-strength steels for automotive and construction applications.
JSW Steel: Produces hot-rolled coils, cold-rolled coils, and galvanized products, catering to sectors like automotive, infrastructure, and consumer goods.
Steel Authority of India Limited (SAIL): Manufactures a wide array of steel grades, including flat and long products, rails, and structural steel, serving industries such as construction, railways, and defense.
Essar Steel India Ltd: Specializes in high-quality flat steel products, focusing on value-added grades for applications in automotive, shipbuilding, and white goods.
Bhushan Steel: Known for its cold-rolled and galvanized steel products, primarily serving the automotive and consumer goods sectors.
Projected steel demand growth in 2025 across different countries
Steel plate manufacturing landscape in India:
Steel Authority of India Limited (SAIL): A state-owned enterprise, SAIL is among the largest steel producers in India, offering a wide range of steel products, including plates used in various sectors.
JSW Steel Limited: As one of the leading private sector steel manufacturers, JSW Steel produces a variety of steel products, including plates, catering to both domestic and international markets.
Tata Steel Limited: A major player in the Indian steel industry, Tata Steel manufactures a range of steel products, including plates, serving sectors like automotive, construction, and more.
ArcelorMittal Nippon Steel India (AM/NS India): A joint venture between ArcelorMittal and Nippon Steel, AM/NS India produces a variety of steel products, including plates, for diverse applications.
Jindal Steel and Power Limited (JSPL): JSPL is a significant player in the steel industry, producing a range of products, including steel plates, for various industrial applications.
Market share of leading Indian steel companies by production capacity
India's steel industry is on a robust growth trajectory, driven by increased domestic demand and significant investments in capacity expansion. The leading steel manufacturers are well-positioned to meet this demand with diverse product offerings and substantial production capacities.
Comments