India Flat Steel Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Hot Rolled, Cold Rolled, Galvanized, Coated Steel, and Others), Process (Basic Oxygen Furnace, Electric Arc Fu

The India flat steel market size was valued at US$ 47.11 billion in 2024 and is projected to reach US$ 77.92 billion by 2031; it is expected to register a CAGR of 7.8% from 2025 to 2031.

The India flat steel market is expanding owing to the abundant availability of raw materials and surging infrastructure investments in the country. According to the Press Information Bureau, public infrastructure is the backbone of economic development in India, enhancing connectivity and global trade. Favorable government initiatives and policies support the country's infrastructure development. In 2021, the government launched the PM Gati Shakti National Master Plan, which brought together ministries, including Roadways and Railways, to ensure coordinated execution and integrated planning of infrastructure projects in the country. This initiative aims to provide seamless connectivity for the movement of goods, services, and people across modes of transportation, thereby enhancing last-mile connectivity and reducing time.

According to the same source, India has the second-largest road network globally, and the total length of the country's National Highways expanded from 91,287 kilometers in 2014 to 146,145 kilometers as of 2024, forming the primary arterial network of India. The government has undertaken measures to strengthen and enhance its National Highway network through Bharatmala Pariyojana and the Special Accelerated Road Development Programme.

Flat steel bars are embedded in concrete for road foundations, pavement slabs, and retaining walls. This reinforcement improves load-bearing capacity, longevity, and resistance to cracking, ensuring the road surface can withstand heavy traffic and environmental stresses. Thus, the rising number of infrastructural developments drives the demand for flat steel products in the country.

Some of the key players operating in the India flat steel market are JSW Steel Ltd, Tata Steel Ltd, Jindal Steel & Power Ltd, Posco Holdings Inc, ArcelorMittal Nippon Steel India, Namco Industries Pvt Ltd, Shah Alloys Ltd, Asian Mills Pvt Ltd, Asian Tubes Pvt Ltd, and Asian Tubes Pvt Ltd CR Division These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.

The overall India flat steel market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the India flat steel market.

Reason to buy

Progressive industry trends in the India flat steel market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the India flat steel market from 2021 to 2031
Estimation of the demand for flat steel across various industries in India
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for flat steel across the country
Market trends and outlook coupled with factors driving and restraining the growth of the India flat steel market.
Decision-making process by understanding strategies that underpin commercial interest concerning the India flat steel market growth
The India flat steel market size at various nodes of market
Detailed overview and segmentation of the India flat steel market as well as its dynamics in the industry
The India flat steel market size in different regions with promising growth opportunities