Market Insights

• The Steel Industry in India is on a rapid growth trajectory.
• As of 2023, India stands as the second-largest steel producer globally, churning out over 120 million tons.
• A recent study indicates that steel consumption in India is set to rise by 7-8% annually until 2030.
• The emergence of new products in various business sectors and the increasing focus on green steel are gaining traction in the industry.
• The supply chains managed by traders play a crucial role in maintaining a balance between supply and demand, as well as in the regional distribution process.