Evolving Sectoral Steel Demand Dynamics: Indias Growth Trajectory Towards 2030

Indias steel demand to reach 192 million tonnes by 2030, growing at a 6% CAGR. Construction and infrastructure to drive over 60% of total demand. Per capita steel consumption to nearly double from 96 kg to 160 kg.

Indias steel sector is entering a defining phase of growth as the economy accelerates towards its 2030 vision. Steel consumption, a key indicator of industrial development and urbanization, is expected to witness a significant transformation, driven by evolving sectoral dynamics and policy-backed growth across critical user industries. By 2030, Indias