PUBLISHER: Market Research Future | PRODUCT CODE: 1747473
PUBLISHER: Market Research Future | PRODUCT CODE: 1747473
Report Information on India Long Products Mild Steel Market Research by Product Type (TMT (Thermo-Mechanically Treated) Bars, Wire Rods, Bars, Structural Steel Sections, and Pipes), by Grade (IS 2062, Fe 410, Fe 360, and Others), by Process Route (Primary Steel Production and Secondary Steel Production), By Size (Below 6 meters, 6 to 12 meters, and Above 12 meters), by End Use (Building & Construction, Automotive & Transportation, Energy, Manufacturing, and Others) Forecast to 2032
It is anticipated that the India Long Products Mild Steel Market will experience a robust expansion at a compound annual growth rate (CAGR) of 8.1% during the review period.
With the increasing demand from the automotive industry and the building and construction industry, it is possible that long products mild steel will be rapidly adopted during the forecast period. The demand for high-quality materials, particularly mild steel, has increased as urbanization accelerates and infrastructure initiatives expand. In addition, the construction industry necessitates substantial quantities of structural steel for residential, commercial, and industrial projects, which are fueled by rapid urbanization, infrastructure development, and government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and Smart Cities Mission.
The objective of the investigation is to offer a comprehensive understanding of the current consumption of long products mild steel and the potential for future development. Diverse mild steel manufacturers are implementing a variety of business development strategies to fortify their market position. For example, Jindal Steel & Power Ltd (JSPL) is preparing for substantial development by implementing an ambitious capacity expansion plan at its Angul facility in Odisha in October 2024.
The India long products mild steel market has been segmented into TMT (Thermo-Mechanically Treated) Bars, Wire Rods, Bars, Structural Steel Sections, and Pipes, based on product type.
According to grade, the market has been divided into IS 2062, Fe 410, Fe 360, and Others.
The India long products mild steel market has been divided into Primary Steel Production and Secondary Steel Production based on the process route.
The India long products mild steel market has been segmented into three categories: Below 6 meters, 6 to 12 meters, and Above 12 meters, based on dimensions.
The market has been segmented into the following categories: Building & Construction, Automotive & Transportation, Energy, Manufacturing, and Others according to end-use.
The India long products mild steel market has been segmented into North India, South India, East India, West India, and Central India based on region. The West India region held most of the market in terms of value in 2023, with a 22.74% share. It is anticipated to experience a compound annual growth rate (CAGR) of 8.6% during the forecast period.
The India Long Products Mild Steel market is dominated by the following key players: JSW Steel, Tata Steel, ArcelorMittal, SAIL, Jindal Steel and Power, Rashtriya Ispat Nigam, Jindal Stainless Ltd, Vedanta Limited Mukand Ltd., and Viraj Profiles Private Limited.