India’s steel procurement sector is currently experiencing a dynamic shift, propelled by robust domestic initiatives and simultaneously challenged by intensifying global trade complexities. The Indian Railways’ recent allocation of ₹1,586 crore in steel contracts to top domestic manufacturers such as SAIL, Tata Steel, Jindal Stainless, and JSPL exemplifies a strong government push towards self-reliance in infrastructure development.
With SAIL leading the supply and Tata Steel contributing significantly, these procurements will support the accelerated production of 1,500 locomotives in FY2025, highlighting steel’s strategic importance in national development. Reinforcing this vision, the Indian government has extended the policy granting preference to domestically manufactured iron and steel in public procurement, underscoring its commitment to the ‘Make in India’ initiative.
However, this forward momentum faces mounting pressure from rising steel imports, primarily from countries like Japan, South Korea, Vietnam, and China, which have diluted domestic producers’ market share, potentially reducing capacity utilization to 78%, the lowest in four years. In response to the global sustainability movement, JSW Steel’s investment in 580 MW of renewable energy, part of a broader 2,507 MW commitment by FY2027, reflects a growing shift towards green steel production.
On the international front, geopolitical tensions are reshaping supply dynamics. The UK government’s emergency intervention at British Steel’s Scunthorpe plant highlights rising strategic concerns over steel self-sufficiency, while the US’s decision to expand tariffs on steel and aluminum imports risks escalating costs across global clean energy sectors.
Against this backdrop of innovation, policy shifts, and trade turbulence, stakeholders across the steel value chain are poised to converge at the Steel Procurement Expo 2025, scheduled for November 27–29, 2025, at the Jio World Convention Centre in Mumbai, India. Join industry leaders, policymakers, and innovators to gain unparalleled insights, forge valuable partnerships, and discover next-gen procurement strategies.
Don’t miss this premier opportunity to shape the future of steel. Register now and be part of the transformation.
