Indian Steel Industry 2016-2020

  • Published: Oct 2016
  • Pages: 89
  • SKU: IRTNTR9845

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This market research report identifies players like SAIL, JSW Steel, Tata Steel, Essar Steel, and RINL to be the key vendors in the Indian steel industry. This research report also presents a detailed segmentation of the market by product forms (flat products and long products), by end user (construction, infrastructure and transport, automotive, and others), and by steel type (carbon, alloy, and stainless steel).

Overview of the Indian steel industry

Technavio’s market research analyst predicts the Indian steel industry to grow at a CAGR of almost 7% by 2020. The Indian steel industry is highly advanced with cutting edge steel mills, consistent modernization, upgradation of existing plants, and high energy efficiency levels. Developments in the Indian steel industry are primarily driven by the domestic accessibility of cheap labor and iron ore. The increase in infrastructure projects such as power, bridges, dams, roads, and urban infrastructure development has boosted the demand for steel products owing to their strength, durability, corrosion resistance, hardening ability, formability, welding ability, and ductility. The growing requirement of adequate iron ore among the end-user industries will necessitate steel manufacturing during the forecast period.

One of the latest trends gaining grounds in this market is the rise of the renewable energy industry. Steel plays a crucial role in developing infrastructure for the generation of electricity from renewable energy such as solar, tidal, and wind energy. The use of steel in developing the infrastructure will enable the construction of stronger, taller, and lighter-weight tower for wind turbines, which will increase their productivity as well as reduce carbon emissions associated with their construction. With the wind and solar energy sector registering high growth rates, the demand for steel will increase considerably in the coming years.

Competitive landscape and key vendors

The Indian steel industry is characterized by the presence of giants such as Tata Steel, SAIL, and JSW Steel. The India steel market is also fragmented with the presence of regional players. Intense competition prevails in the market and has resulted in lower steel prices and reduced profit margins.

Leading vendors in the market are -

  • SAIL
  • JSW Steel
  • Tata Steel
  • Essar Steel
  • RINL

Other prominent vendors in the Indian steel industry include Bhushan Steel, Facor Steels, Gerdau Steel India, Jindal Steel & Power, Mahamaya Steels Industries, MESCO Steel, and VISA Steel.

Segmentation by product forms and analysis of Indian steel industry

  • Flat products
  • Long products

During 2015, the flat steel products dominated the Indian steel industry and accounted for around 56% of the total market revenue. Much of this segment’s growth comes from the construction, infrastructure, and automotive segments. Tata Steel, SAIL, Essar Steel, Jindal Stainless, Bhushan Steel, JSW Steel, and Uttam Galva are the key vendors in the organized Indian flat steel market, in terms of  production. Hot-rolled sheets, coils, and plates is the largest product segment and accounted for around 60% of the flat steel products market.

Segmentation by end user and analysis of Indian steel industry

  • Construction
  • Infrastructure and transport
  • Automotive

The construction sector is the largest end user of steel and is anticipated to occupy more than 35% of the total share of the steel market in India by 2020. Steel is consumed during the construction of buildings, including tall towers, petrol refineries, shopping malls, and residential houses. The strength, versatility, and attractive appearance of steel will lead to its high demand from both architects and engineers for the construction of a wide array of projects. Steel meets the requirements of the construction industries by providing high-yield strength, toughness at low temperatures, and outstanding weldability to buildings.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the Indian steel industry?
  • What are the key market trends impacting the growth of the Indian steel industry?
  • What are the challenges to market growth?
  • Who are the key vendors in the Indian steel industry?
  • What are the market opportunities and threats faced by the vendors in the Indian steel industry?
  • Trending factors influencing the market shares of India.
  • What are the key outcomes of the five forces analysis of the Indian steel industry?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Steel industry overview
  • Indian steel industry overview
  • Safety, health, and environment
  • Sustainability
  • Steel industry value chain

PART 05: Global iron ore market

PART 06: Global steel scrap market

PART 07: Global steel industry

PART 08: Market landscape

  • Economic scenario in India
  • Indian steel industry
  • Indian steel industry dynamics
  • SWOT analysis
  • Five forces analysis

PART 09: Market segmentation by product forms

  • Overview
  • Indian long steel market
  • Indian flat steel market

PART 10: Market segmentation by end-user

  • Overview
  • Indian steel industry in construction sector
  • Indian steel industry in infrastructure and transport sector
  • Indian steel industry in automotive sector
  • Indian steel industry in other end-use sectors

PART 11: Market segmentation by steel type

  • Overview

PART 12: Market drivers

  • Rapid urbanization in India
  • Increase in residential projects
  • Growth in automotive industry
  • Increase in infrastructure investments

PART 13: Impact of drivers

PART 14: Market challenges

  • Excess production capacity
  • Increase in construction costs
  • Volatile raw material prices

PART 15: Impact of drivers and challenges

PART 16: Market trends

  • Rise of renewable energy industry
  • Tapping into high-growth sectors
  • Steel as a sustainable material

PART 17: Vendor landscape

  • Competitive scenario
  • Competitive advantage
  • Value chain analysis
  • Key market vendors
  • Other prominent vendors
  • Essar Steel
  • JSW Steel
  • RINL
  • SAIL
  • Tata Steel

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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