India’s steel demand to grow 8% in 2027, fastest among major markets
BusinessLine 2 hrs ago·13 Oct 2026, 12:29 pm
India is set to become the fastest-growing market for steel demand among major economies by 2027. This growth is primarily being driven by a massive push in infrastructure, real estate development, and manufacturing, alongside a rising need for materials in renewable energy projects.
This trend is significant for investors as it signals a robust industrial expansion in the country. While global demand remains subdued due to a slowdown in China, India's strong domestic consumption is expected to provide a stable and growing market for the sector.
Investors should watch for policy announcements and government spending on capital projects, as these factors will directly influence the pace of growth and the profitability of steel companies in the coming years.
Excerpt from BusinessLine
India’s steel demand is projected to grow 7.9 per cent to 172.4 million tonnes (mt) in 2026 and accelerate marginally to 8 per cent in 2027, reaching 186.2 mt, as infrastructure spending, robust private real estate activity and manufacturing expansion sustain consumption, according to the World Steel Association…Read the original at BusinessLine
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