{"id":829724,"date":"2026-08-11T18:10:02","date_gmt":"2026-08-11T18:10:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=829724"},"modified":"2026-08-11T18:10:02","modified_gmt":"2026-08-11T18:10:02","slug":"india-steel-market-to-reach-27388-million-tons-by-2031-driven-by-infrastructure-spending-capacity-expansion-and-demand-for-advanced-steel-grades","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/india-steel-market-to-reach-27388-million-tons-by-2031-driven-by-infrastructure-spending-capacity-expansion-and-demand-for-advanced-steel-grades_829724.html","title":{"rendered":"India Steel Market to Reach 273.88 Million Tons by 2031, Driven by Infrastructure Spending, Capacity Expansion, and Demand for Advanced Steel Grades"},"content":{"rendered":"
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\"India<\/a><\/div>\n
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India Steel Market<\/div>\n<\/div>\n<\/div>\n
Mordor Intelligence has published a new report on the \u201cIndia Steel Market,\u201d offering a comprehensive analysis of trends, growth drivers, and future projections.<\/div>\n

The India steel market<\/a><\/strong><\/em> size is projected to grow from 177.03 million tons in 2026 to 273.88 million tons by 2031<\/strong>, registering a 9.12% CAGR<\/strong>. Growth is supported by infrastructure development, domestic and foreign capital expenditure, the Production Linked Incentive (PLI) scheme for specialty steel, automotive demand for Advanced High-Strength Steel (AHSS) and EV-grade products, and increasing interest in scrap-based and hydrogen-based steelmaking. Building and construction remains the largest end-user segment, while Odisha, Jharkhand, and Chhattisgarh continue to serve as major production centers.<\/p>\n

The India Steel Industry is also seeing increased investment in integrated and downstream facilities. New and expanded capacity in steel-producing states is expected to support domestic supply while improving the availability of higher-value products.<\/p>\n

India Steel Market Upcoming Trends & Developments<\/strong><\/p>\n

Infrastructure investment remains a major demand driver:<\/strong> Highways, metro rail, housing, and freight infrastructure are expected to sustain demand for structural steel and long products.<\/p>\n

Specialty steel capacity is expanding:<\/strong> The PLI scheme is encouraging investment in coated, electrical, alloy, and other specialty steel products.<\/p>\n

Automotive steel demand is changing:<\/strong> Vehicle manufacturers are increasing the use of AHSS and EV-grade steel to meet performance and regulatory requirements.<\/p>\n

Regional production remains concentrated:<\/strong> Odisha, Jharkhand, and Chhattisgarh account for a significant portion of India’s crude steel production, while western and southern regions represent important consumption centers.<\/p>\n

Explore Regional Market Dynamics with Customized Editions, Including Japan: https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/india-steel-market?utm_source=abnews<\/a> <\/strong><\/em><\/p>\n

India Steel Market Segmentation<\/strong><\/p>\n

By technology, the market includes Blast Furnace-Basic Oxygen Furnace (BF-BOF), Electric Arc Furnace (EAF), and Other Technologies<\/strong>. BF-BOF accounted for 46.12% of 2025 output and is forecast to grow at an 8.77% CAGR through 2031. EAF production is expected to gain from increasing scrap availability and demand for specialty long products.<\/p>\n

By basic form, the market covers crude steel<\/strong>, while the final-form segmentation covers finished steel<\/strong>. Finished steel demand is supported by infrastructure, automotive, appliances, and industrial applications, with cold-rolled and coated products gaining importance in automotive and consumer applications.<\/p>\n

By end-user industry, the market includes automotive and transportation, building and construction, tools and machinery, consumer goods, energy, and other end-user industries<\/strong>. Building and construction was the largest end-user segment in 2025, accounting for 51.02% of finished steel demand, and is forecast to grow at a 9.84% CAGR through 2031.<\/p>\n

Browse Chemicals & Materials Industry Research: https:\/\/www.mordorintelligence.com\/market-analysis\/chemicals-materials?utm_source=abnews<\/a> <\/strong><\/em><\/p>\n

India Steel Companies<\/strong><\/p>\n