India steel market is expected to grow at a CAGR of over 7% over the next ten years on account of government focus on accelerating infrastructural projects coupled with easy availability of raw materials such as iron ore and cost-effective labor. Furthermore, upgradation and modernization of older plants is also positively influencing the growth of the market.   

Construction is a sector which observes huge adoption of steel as structures are made with the use of steel due to its high durability and strength. Also, structures made with steel can withstand natural calamities and can be designed to meet the requirements of unique projects. Additionally, social sector schemes by the government such as Pradhan Mantri Awas Yojna which is about housing for all, Sardar Patel Urban Housing Mission, 100 smart cities mission and infrastructural development of medium and small towns are further driving growth in India steel market. 

Steel market in India can be segmented based on the type, production method and region. Based on production method, the market can be segmented into electric arc furnace, blast furnace-basic oxygen furnace, among others. Electric arc is the preferred method for the production of steel as it uses electric arc to melt scrap and convert it into liquid steel. Also, use of electric arc helps to bring down the use of cooking coal in blast furnace, thereby driving growth of this segment.  

Some of the players in the steel market of India include JSW Steel, Tata Steel, Steel Authority of India Limited, Essar Steel Limited, Jindal Steel & Power Limited, Arcelormittal India Private Limited, Jindal Stainless Steel Limited, Nippon Steel & Sumitomo Metal India Private Limited, Outokumpu India Private Limited, POSCO India Private Limited, Rashtriya Ispat Nigam Limited, Godavari Power & Steel Limited, Baosteel Group–Wuhan Iron and Steel Corporation and Maharashtra Seamless Limited. The companies operating in the market are focusing on expansion and mergers & collaborations to increase their share in the market. In 2018, Tata steel decided to increase the capacity of its plant situated in Kalinganagar from 3 million tonnes to 8 million tonnes. Also, in 2019, ArcelorMittal won the bid to acquire Essar steel. 

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2030

Objective of the Study:

  • To analyze and forecast the market size of India steel market.
  • To classify and forecast India steel market based on type, production method, and regional distribution.
  • To identify drivers and challenges for India steel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India steel market.
  • To conduct the pricing analysis for India steel market.
  • To identify and analyze the profile of leading players operating in the India steel market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size of India steel market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Steel companies and other stakeholders
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to steel market   

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India steel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Carbon Steel
    • Stainless Steel
    • Alloy Steel
    • Tool Steel
    • Others
  • Market, By Production Method:
    • Blast Furnace-Basic Oxygen Furnace
    • Electric Arc Furnace
    • Others
  • Market, By Region:
    • North Region
    • South Region
    • East Region
    • West Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India steel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.     Product Overview

2.     Research Methodology

3.     Impact of COVID-19 on India Steel Market

4.     Executive Summary

5.     Voice of Customer

6.     India Steel Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Type (Carbon Steel; Stainless Steel; Alloy Steel; Tool Steel; Others)

6.2.2. By Production Method (Blast Furnace-Basic Oxygen Furnace; Electric Arc Furnace; Others)

6.2.3. By Region (North, South, East, West)

6.2.4. By Company (2019)

6.3.   Market Attractiveness Index

7.     India Carbon Steel Market Outlook

7.1.   India Demand Supply Analysis

7.1.1. Production (Company Wise – Integrated Steel Producers)

7.1.2. Imports

7.1.3. Exports

7.1.4. Inventory

7.1.5. Consumption

7.1.6. Demand-Supply Gap

7.2.   Market Size & Forecast

7.2.1. By Value & Volume          

7.3.   Market Share & Forecast (In Volume)

7.3.1. By Type (Flat Products: Plates, HR Coil, CR Coil, GP/GC Sheet, Color Coated, Electrical Sheets, Tin Plates, Pipes) Long Products: (TMT Bars, Wire Rods, Structural, Railway Materials)

7.3.2. By Application (Housing, Infrastructure, Automotive, Railway, Utilities, Packaging, Irrigation others)

7.3.3.  By Region

7.3.4.  By Company

7.4.   Pricing Analysis

7.4.1.  By Type

8.     India Alloy & Tool Steel Market Outlook

8.1.   India Demand Supply Analysis

8.1.1. Production

8.1.2. Imports

8.1.3. Exports

8.1.4. Inventory

8.1.5. Consumption

8.1.6. Demand-Supply Gap

8.2.   Market Size & Forecast

8.2.1. By Value & Volume          

8.3.   Market Share & Forecast (In Volume)

8.3.1. By Type (Plain Round, Wire Rods, Rebars, HR Coils, CR Coils, Plate, Others)

8.3.2. By Production Method

8.3.3. By Application

8.3.4.  By Region

8.3.5. By Company

9.     India Stainless Steel Market Outlook

9.1.   India Demand Supply Analysis

9.1.1. Production

9.1.2. Imports

9.1.3. Exports

9.1.4. Inventory

9.1.5. Consumption

9.1.6. Demand-Supply Gap

9.2.   Market Size & Forecast

9.2.1. By Value & Volume          

9.3.   Market Share & Forecast (In Volume)

9.3.1. By (Flat Products: Plates, HR Coil, CR Coil, Pipes) Long Products: (TMT Bars, Wire Rods, Structural, Others)

9.3.2. By Production Method

9.3.3. By Application

9.3.4. By Region

9.3.5. By Company

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Impact Analysis

12.1.              Economic Recession

12.2.              China USA Trade War

12.3.              Raw Material Price Fluctuation

12.4.              Anti-Dumping Duties

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Company Profile

15.2.              JSW Steel

15.3.              Tata Steel

15.4.              Steel Authority of India Limited

15.5.              Essar Steel Limited

15.6.              Jindal Steel & Power Limited

15.7.              Arcelormittal India Private Limited

15.8.              Jindal Stainless Steel Limited

15.9.              Nippon Steel & Sumitomo Metal India Private Limited

15.10.            Outokumpu India Private Limited

15.11.            POSCO India Private Limited

15.12.            Rashtriya Ispat Nigam Limited

15.13.            Godavari Power & Steel Limited

15.14.            Baosteel Group–Wuhan Iron and Steel Corporation

15.15.            Maharashtra Seamless Limited

16.  Strategic Recommendations

17.  About Us & Disclaimer

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