India Flat Steel Market Size and Forecast 2021 - 2031, Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type, Process, End Use Category, End Use Industry, and Region

List of Tables

The India flat steel market size was valued at US$ 47.11 billion in 2024 and is projected to reach US$ 77.92 billion by 2031; it is expected to register a CAGR of 7.8% from 2025 to 2031.

The India flat steel market is expanding owing to the abundant availability of raw materials and surging infrastructure investments in the country. According to the Press Information Bureau, public infrastructure is the backbone of economic development in India, enhancing connectivity and global trade. Favorable government initiatives and policies support the country's infrastructure development. In 2021, the government launched the PM Gati Shakti National Master Plan, which brought together ministries, including Roadways and Railways, to ensure coordinated execution and integrated planning of infrastructure projects in the country. This initiative aims to provide seamless connectivity for the movement of goods, services, and people across modes of transportation, thereby enhancing last-mile connectivity and reducing time.

According to the same source, India has the second-largest road network globally, and the total length of the country's National Highways expanded from 91,287 kilometers in 2014 to 146,145 kilometers as of 2024, forming the primary arterial network of India. The government has undertaken measures to strengthen and enhance its National Highway network through Bharatmala Pariyojana and the Special Accelerated Road Development Programme.

Flat steel bars are embedded in concrete for road foundations, pavement slabs, and retaining walls. This reinforcement improves load-bearing capacity, longevity, and resistance to cracking, ensuring the road surface can withstand heavy traffic and environmental stresses. Thus, the rising number of infrastructural developments drives the demand for flat steel products in the country.

Some of the key players operating in the India flat steel market are JSW Steel Ltd, Tata Steel Ltd, Jindal Steel & Power Ltd, Posco Holdings Inc, ArcelorMittal Nippon Steel India, Namco Industries Pvt Ltd, Shah Alloys Ltd, Asian Mills Pvt Ltd, Asian Tubes Pvt Ltd, and Asian Tubes Pvt Ltd CR Division These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.

The overall India flat steel market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the India flat steel market.

Product Code: TIPRE00040943

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. India Flat Steel Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of Substitutes
- 4.2.4 Threat of New Entrants
- 4.2.5 Intensity of Competitive Rivalry
4.3 Average Selling Price, 2024
4.4 Value Chain Analysis
- 4.4.1 Raw Material Analysis
  - 4.4.1.1 Iron Ore Production in India:
  - 4.4.1.2 Export of Iron Ore by India:
  - 4.4.1.3 Import of Iron Ore by India:
- 4.4.2 Manufacturers
- 4.4.3 Distribution Channel
  - 4.4.3.1 Evolution of Distribution Models Among India Steel Manufacturers
  - 4.4.3.2 Trends in Supply Chain Digitisation, Logistics Optimisation, and Procurement Behavior
  - 4.4.3.3 Influence of Global Practices and Their Gradual Adoption in India
  - 4.4.3.4 Impact Analysis of the Recent Shifts in Distribution and Supply Chain on Procurement Timing, Pricing, and Customer Expectations
- 4.4.4 End-Use Market and Customer Behavior Trends
  - 4.4.4.1 Shifts in Major End-User Segments/Categories for Flat Steel Market in India
  - 4.4.4.2 Evolving Product Preferences Around Quality, Traceability, Delivery, and Service
  - 4.4.4.3 Challenges in Procurement and in the Current Steel Logistics and Supply Fulfilment

5. India Flat Steel Market - Key Market Dynamics

5.1 India Flat Steel Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Abundant Availability of Raw Materials
- 5.2.2 Surging Infrastructure Developments
5.3 Market Restraints
- 5.3.1 Geopolitical Tensions Affecting Steel Production
5.4 Market Opportunities
- 5.4.1 Expanding Automotive Sector
5.5 Future Trends
- 5.5.1 Sustainable Steel Production
5.6 Impact of Drivers and Restraints:

6. India Flat Steel Market Analysis

6.1 India Flat Steel Market Volume (Kilo Tons), 2021-2031
6.2 India Flat Steel Market Volume Forecast and Analysis (Kilo Tons)
6.3 India Flat Steel Market Revenue and Forecast (US$ Million), 2021-2031
6.4 India Flat Steel Market Forecast and Analysis (US$ Million)

7. India Flat Steel Market Volume and Revenue Analysis - by Product Type

7.1 Hot Rolled
- 7.1.1 Overview
- 7.1.2 Hot Rolled: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Hot Rolled: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Cold Rolled
- 7.2.1 Overview
- 7.2.2 Cold Rolled: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Cold Rolled: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Galvanized
- 7.3.1 Overview
- 7.3.2 Galvanized: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Galvanized: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Coated Steel
- 7.4.1 Overview
- 7.4.2 Coated Steel: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Coated Steel: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 Others: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. India Flat Steel Market Volume and Revenue Analysis - by Process

8.1 Basic Oxygen Furnace
- 8.1.1 Overview
- 8.1.2 Basic Oxygen Furnace: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.1.3 Basic Oxygen Furnace: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Electric Arc Furnace
- 8.2.1 Overview
- 8.2.2 Electric Arc Furnace: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.2.3 Electric Arc Furnace: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Induction Furnace
- 8.3.1 Overview
- 8.3.2 Induction Furnace: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.3.3 Induction Furnace: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. India Flat Steel Market Volume and Revenue Analysis - by End Use Category

9.1 OEMs
- 9.1.1 Overview
- 9.1.2 OEMs: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.1.3 OEMs: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 MSMEs
- 9.2.1 Overview
- 9.2.2 MSMEs: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.2.3 MSMEs: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. India Flat Steel Market Volume and Revenue Analysis - by End Use Industry

10.1 Infrastructure
- 10.1.1 Overview
- 10.1.2 Infrastructure: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.1.3 Infrastructure: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Solar
- 10.2.1 Overview
- 10.2.2 Solar: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.2.3 Solar: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Automotive
- 10.3.1 Overview
- 10.3.2 Automotive: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.3.3 Automotive: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Electrical
- 10.4.1 Overview
- 10.4.2 Electrical: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.4.3 Electrical: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Marine
- 10.5.1 Overview
- 10.5.2 Marine: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.5.3 Marine: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.6.3 Others: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. India Flat Steel Market Volume and Revenue Analysis - by Region

11.1 West and Central
- 11.1.1 Overview
- 11.1.2 West and Central: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 11.1.3 West and Central: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.2 North
- 11.2.1 Overview
- 11.2.2 North: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 11.2.3 North: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.3 South
- 11.3.1 Overview
- 11.3.2 South: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 11.3.3 South: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.4 East
- 11.4.1 Overview
- 11.4.2 East: India Flat Steel Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 11.4.3 East: India Flat Steel Market - Revenue and Forecast, 2021-2031 (US$ Million)

12. Industry Landscape

12.1 Overview
12.2 Ongoing and Upcoming Mergers and Acquisitions Activity in India Related to Flat Steel
12.3 Joint Ventures (Domestic and International) for Production or Technological Sharing
12.4 Other Developments (Expansions, Product Launch, etc)

13. Competitive Landscape

13.1 Heat Map Analysis by Key Players
13.2 Company Market Share Analysis, 2024

14. Company Profiles

14.1 JSW Steel Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.1.7 Production Capacity
14.2 Tata Steel Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.2.7 Production Capacity
14.3 Jindal Steel & Power Ltd
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.3.7 Production Capacity
14.4 Posco Holdings Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.4.7 Production Capacity
14.5 ArcelorMittal Nippon Steel India
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.5.7 Production Capacity
14.6 Namco Industries Pvt Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.6.7 Production Capacity
14.7 Shah Alloys Ltd
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.7.7 Production Capacity
14.8 Asian Mills Pvt Ltd
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Asian Tubes Pvt Ltd
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Asian Tubes Pvt Ltd CR Division
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners