Growth & Outlook to 2030
Growth & Outlook to 2030
Market Growth Drivers
The Indian Hot Rolled & Cold Rolled Steel market is estimated at USD 171.1 billion in 2024 and is projected to reach USD 270.5 billion by 2030, growing at a robust CAGR of 7.77%
This growth is supported by rapid urbanization, expanding infrastructure, and the government’s Make in India initiative, which promotes domestic automotive and manufacturing investments
Sector Highlights & Demand Trends
Automotive and construction sectors are the primary growth engines. The Indian auto industry, valued at USD 122 billion in 2024, is expected to grow by 10–12% annually, reaching USD 230 billion by 2030
South India leads regional demand, while heavy industry segments show the fastest growth across the country
Sustainability & Global Outlook
India aims to boost its crude steel capacity from around 200 Mtpa to over 330 Mtpa by 2030—a rapid pipeline reliant on coal-based technologies, raising serious concerns over climate commitments
As global markets push for greener solutions, India’s steel sector must pivot toward electric-arc furnaces, hydrogen-based direct reduced iron, and other low-carbon technologies
Why It Matters for ClickSteel Partners
For businesses sourcing hot-rolled or cold-rolled steel, understanding these trends is critical:
Competitive advantages come from reliable supplies and price stability.
Compliance with shifting environmental norms and carbon-related trade policies is essential.
Manufacturers are on the lookout for vendors with secure inventory and regional presence.
