ISA Steel InfraBuild Summit 2023

Unlocking steel potential in the Indian building, construction, and infrastructure sectors

The steel industry has been one of the pillars of the Indian economic growth story. India has emerged as a global hub for the steel sector and has taken significant steps towards becoming self-reliant in manufacturing activities, especially in the steel industry. Currently the second-largest steel producer and consumer in the world, India is poised for growth, backed by rapid economic development and government support towards strengthening the steel industry.

According to the current scenario, a majority share of domestic consumption can be attributed to the building, construction, and infrastructure sectors. These sectors are expected to demonstrate strong growth in the future and can propel Indian finished-steel consumption to 230 MT in FY31. This report focuses on opportunities, challenges, and key interventions to unlock the steel potential in these sectors.