India remains fastest-growing major steel market as demand rises 7.9% in 2026
BusinessLine 1 hr ago·12 Oct 2026, 9:38 am
A new industry outlook projects that India’s steel consumption will rise by about 7.9% in 2026 and roughly 8% the following year, keeping the country ahead of other major steel markets in terms of growth rate.
The uptick is linked to ongoing infrastructure projects, a rebound in real‑estate activity, expanding manufacturing bases and a push for renewable‑energy installations. For investors, stronger domestic demand can translate into higher utilisation rates for steel producers, potentially supporting earnings and cash‑flow generation across the sector.
Going forward, market participants will be watching government budget allocations for roads and housing, any changes to import duties, and the pace at which producers add new capacity. Global steel price movements and the availability of raw materials will also shape how quickly the forecasted demand materialises.
Excerpt from BusinessLine
India remains the world's fastest-growing major steel market, with demand projected to expand by 7.9 per cent to 172.4 million tonnes in 2026, the World Steel Association (worldsteel) said on Monday. The country's demand is expected to rise by 8 per cent in 2027 to 186.2 million tonnes (MT), the industry body said in…Read the original at BusinessLine
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