India continues to stand out as the only country among the top ten global steel producers to achieve consistent growth, according to a report by Anand Rathi Research. The report reveals that India’s steel demand reached 13.289 million tonnes in January 2025, marking the second consecutive month with consumption surpassing 13 million tonnes.
India’s share in the global steel market reached approximately nine per cent in January 2025, reinforcing its position as one of the fastest-growing steel producers worldwide. Since surpassing Japan in 2018 to become the second-largest steel producer, India’s growth trajectory remains strong.
To meet rising domestic steel demand, manufacturers across various tiers are expanding production capacities. Tier-I companies with over 10 million tonnes of capacity, along with tier-II and III manufacturers, are adding new production lines. This expansion is expected to boost India’s crude steel installed capacity to about 242 million tonnes by FY30, with production expected to reach 210-220 million tonnes.
Domestic steel consumption is projected to rise between 190 million and 210 million tonnes by FY30. Among Indian states, Odisha leads with the highest installed steel capacity, accounting for 18 per cent, while the top five states—Odisha, Jharkhand, Chhattisgarh, Maharashtra, and Karnataka—collectively represent 68 per cent of the country’s steel capacity and produce 97 per cent of the nation’s iron ore.
Further expansion of green steel production capacities in Punjab and Andhra Pradesh is set to enhance India’s steel manufacturing footprint. During the first ten months of FY25, India’s crude steel production rose by 4.5 per cent year-on-year, reaching 124.919 million tonnes.
With continuous growth in both consumption and production, India is positioned to solidify its role as a global steel powerhouse while ensuring a stable domestic supply.
