1、For updated information,please visit www.ibef.orgNovember 2025STEEL2Executive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies16Growth Drivers22Opportunities 30Key Industry Contacts33Appendix35Table of Contents3Executive summaryStrong growth opportunitiesThe World Steel Associa
2、tions World Steel inFigures 2025 profiles India as the worldssecond-largest crude steel producer.Demand for steel from different sectors willdrive this industry.Consumption of steel by Indias infrastructuresegment is expected to increase to 11%byFY26.Steel demand from the automotive sector isexpecte
3、dtoincreaseduetoriseinthedemand for automobiles.The new Vehicle Scrappage policy will help inreducing steel prices as the policy enablesrecycling of materials used in old vehicles.On the healthcare front,key steel producersare now exceeding their capacities to produceoxygen cylinders for COVID patie
4、nts.The Smart Cities Affordable Housing andindustrial corridorsare a few governmentintitivates to boost the steel industryAsof July 30,2025,Indiasgreen steeldemand is forecasted to climb from negligiblelevels today to 4.49 million tonnes(MT)byFY30,drivenbytheconstructionsector,infrastructure and aut
5、omobiles with projectionsrising to 24 MT by FY35,73 MT by FY40 andpeaking at 179 MT by FY50.FDI in steel industryPolicyallowing100%FDI(viatheautomatic route)in the steel industry hasboosted investments.Between April 2000-June 2025,IndianmetallurgicalindustriesattractedFDIinflows of Rs.1,60,000 crore
6、(US$18.67billion).Production Statistics&TrendsIn FY26(April-October 2025),crudesteel production in India stood at 96.08MT.In FY26(April-October 2025),finishedsteel production stood at 91.98 MT.Steel Authority of India Limited(SAIL),achievedthebest-everannualproduction during FY23.The companyrecorded