Steel Industry Report – 2025

As the world’s second-largest steel producer, India’s steel sector is vital to infrastructure,  manufacturing, and national development, contributing significantly to GDP and employment. Key initiatives like the National Infrastructure Pipeline (NIP) further highlight its importance in driving economic progress and modernization.

According to the World Steel Association’s ShortRange Outlook, an 8% increase in Indian steel demand is expected in the year 2025. In contrast, China’s steel demand is projected to decline by 1% in 2025 due to the ongoing downturn in the Chinese real estate sector.

The Indian Steel industry has not only expanded production but also prioritized sustainability and innovation. With a focus on environmentally friendly manufacturing, the industry is adapting to global standards while improving energy efficiency and reducing its carbon footprint. Driven by strong domestic demand, supportive government policies, and continuous investment, the Indian steel industry is well-positioned to contribute significantly to India’s economic growth aspirations.