India Structural Steel Market Overview, 2030

The structural steel market in India plays a vital role in the nation's economic development, particularly in the construction, infrastructure, and industrial sectors. The history of the Indian steel industry dates back to the early 20th century, with Tata Steel being one of the pioneers in the industry. Over time, India has become one of the largest producers and consumers of steel globally, thanks to the increasing demand for infrastructure development and industrial expansion. The structural steel market is primarily driven by the nation's growing urbanization, government-backed initiatives, and industrialization efforts. In recent years, India has witnessed a surge in large-scale infrastructure projects, including highways, bridges, airports, and metro rail systems, which require durable and high-strength materials such as structural steel. The market is also experiencing growth due to the increasing adoption of advanced construction technologies, including modular construction and prefabricated structures. The government’s “Make in India” initiative has also bolstered the domestic steel industry, promoting local manufacturing and reducing dependency on imports. Additionally, India has started to focus on sustainability, with a growing emphasis on using recycled steel to comply with environmental standards and regulations. This trend aligns with the global move toward sustainable construction practices, where eco-friendly materials and processes are increasingly being preferred. The Indian government has put in place various policies and incentives to promote green construction, including tax breaks and subsidies for projects that focus on energy efficiency and the use of sustainable materials. As a result, the structural steel market in India is expected to witness continued demand growth, particularly in the residential, commercial, and industrial sectors. The growth is further driven by the government's push for the development of smart cities and modern infrastructure to improve the quality of life and attract foreign investment.

According to the research report, ""India structural steel Market Overview, 2030,"" published by Bonafide Research, the India structural steel market is anticipated to grow at more than 8.37% CAGR from 2025 to 2030. Indian structural steel market is undergoing substantial transformation due to various evolving trends and growth drivers. The rise in urbanization, which has seen rapid growth in both tier-1 and tier-2 cities, is a key factor driving the demand for structural steel in the country. This urbanization is closely linked to the government’s focus on building modern infrastructure to support a growing population and encourage business activities. Additionally, the Indian government’s commitment to infrastructure development under various programs such as the Smart Cities Mission and Pradhan Mantri Awas Yojana (PMAY) has been a crucial driver for the steel market. These projects, which involve constructing residential complexes, commercial spaces, and social infrastructure, have significantly increased the demand for structural steel products. Another driving factor is the growing focus on industrialization and manufacturing. The government’s “Atmanirbhar Bharat” (Self-reliant India) initiative, which aims to boost domestic production and reduce reliance on imports, has encouraged the local steel industry to invest in advanced manufacturing techniques, improving both quality and output. The emphasis on industrial corridors, smart cities, and renewable energy infrastructure is expected to further elevate the demand for structural steel in the coming years. Newer developments in metallurgy and the manufacturing of advanced steel alloys that combine strength with lightness have made structural steel more adaptable for use in high-rise buildings, large industrial plants, and energy-efficient structures. The development of such steel products is in line with the growing global demand for more sustainable construction materials that do not compromise on performance. Furthermore, India is increasingly adopting digitalization and automation in steel production, which enhances efficiency and reduces material waste. The use of technologies such as artificial intelligence (AI), Internet of Things (IoT), and robotic automation in steel mills has already started reshaping the production landscape, improving operational efficiency and reducing costs.

In India, the structural steel market is segmented into various product categories based on the type of application, with steel beams, angles, channels, and steel plates being some of the most significant product types. Steel beams are widely used as primary load-bearing components in a variety of applications, including bridges, buildings, and other large-scale infrastructure projects. These beams come in different shapes such as I-beams, H-beams, and T-beams, each offering specific advantages in terms of strength and stability. Beams are essential for supporting the weight of the structure and ensuring the integrity of the overall design, whether in commercial, residential, or industrial settings. The demand for steel beams is particularly high due to the ongoing construction of multi-story buildings and infrastructure projects across India. Angles and channels are also pivotal products within the structural steel market in India. Angles are primarily used for reinforcement, providing additional support to steel frames, while channels are employed in structural applications such as framing systems and bridges. Both these products are essential for providing strength and stability, especially in structures that require additional durability and flexibility. Steel plates, on the other hand, are used in heavy-duty applications like shipbuilding, large machines, and infrastructure projects, where high strength and resistance to wear and tear are essential. Steel plates are also commonly used in construction, particularly for industrial buildings and machinery that must withstand extreme conditions such as high temperatures or corrosive environments.

The Indian structural steel market is diverse and caters to various sectors, with demand spread across residential, commercial, industrial, and infrastructure applications. The residential sector in India has witnessed increased adoption of structural steel, especially with the rise of steel-framed houses and modular construction. Steel is increasingly becoming a popular material in residential construction due to its strength, durability, fire resistance, and sustainability compared to traditional materials like wood and brick. This shift is further amplified by the growing preference for cost-effective, energy-efficient, and time-efficient construction methods, which steel-framed houses support. The commercial sector is another significant driver of demand for structural steel, especially in the construction of high-rise buildings, shopping malls, office complexes, and mixed-use developments. Structural steel’s ability to provide large open spaces and its high load-bearing capacity make it a preferred material in commercial construction. The rise of urbanization and the increasing need for commercial spaces in India’s metropolitan areas are expected to fuel the demand for structural steel in this sector. In industrial applications, structural steel is critical for constructing factories, warehouses, power plants, and manufacturing units. The ongoing industrialization in India, coupled with the government’s push for the Make in India initiative, is creating a surge in demand for steel products in manufacturing and heavy industries. The energy sector, particularly renewable energy projects like wind farms and solar plants, is also contributing to the demand for structural steel in India, as steel plays a vital role in the construction of turbines, frames, and supporting structures. Infrastructure development in India is perhaps the largest consumer of structural steel, driven by large-scale government initiatives aimed at modernizing transportation, telecommunications, and energy infrastructure. Furthermore, advancements in manufacturing techniques, digitalization, and automation will enhance the efficiency and competitiveness of the Indian structural steel market, helping it meet future demands and challenges.

In the Indian structural steel market, the method of connecting steel components plays a crucial role in ensuring the stability, safety, and longevity of the structure. The three most commonly used methods for connecting structural steel components are bolted, welded, and riveted structures. Each method has specific advantages, and its use depends on the application, project type, and engineering requirements. Bolted connections are one of the most widely used methods due to their ease of installation, flexibility, and lower cost. Bolted joints provide a reliable and efficient way to connect steel beams, columns, and other members, especially in prefabricated and modular construction. The use of high-strength bolts ensures the structural integrity of the assembly, making it ideal for large-scale projects where disassembly and reassembly may be required. Welded connections, in contrast, offer superior strength and rigidity, which are essential for structures that need to withstand high stress and load-bearing. Welding is commonly employed in the construction of large buildings, bridges, and industrial plants where the seamless integration of steel members is critical for overall stability. Advances in welding technology, including robotic welding and automated quality control systems, have significantly improved the precision, efficiency, and cost-effectiveness of welded connections in India’s structural steel market. Riveted connections, although less common today, are still used in specific applications, particularly in the construction of bridges and some industrial structures. Riveting provides a permanent, tamper-proof connection that is highly resistant to vibrations and fatigue. While rivets are more labor-intensive compared to bolts and welding, they are still chosen for specialized projects where durability and long-lasting connections are paramount.

The Indian structural steel market is poised for substantial growth, driven by several key factors, including rapid urbanization, infrastructure development, industrialization, and government-backed initiatives. The market is expected to witness a robust compound annual growth rate (CAGR) of approximately 7.5% from 2025 to 2030, as reported by IMARC Group. A major factor contributing to the growth of the market is the Indian government’s commitment to infrastructure development, with initiatives like the Smart Cities Mission, Bharatmala Pariyojana, and Pradhan Mantri Awas Yojana fueling the demand for steel in construction and infrastructure projects. Additionally, the “Make in India” initiative is fostering industrial growth, leading to increased demand for steel in manufacturing, transportation, and power generation. The increasing shift towards sustainable construction practices and the growing use of green building materials are further driving the demand for high-quality, eco-friendly structural steel. The Indian steel industry is also investing heavily in advanced technologies such as automation, digitalization, and AI-driven manufacturing, which are helping improve production efficiency and reduce costs. These innovations are allowing manufacturers to offer higher-quality products while maintaining competitiveness in the global market. The Indian steel market’s growth is also supported by the increasing foreign investment in the construction and infrastructure sectors, as well as the country’s expanding middle class, which is driving the demand for modern housing, commercial spaces, and industrial facilities. However, the market faces challenges such as fluctuations in raw material prices, logistical issues, and the need for labor skill development.


Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Structural Steel Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Beams
• Angles
• Channels
• Steel Plates & Sheet
• Squares Tubes
• Others

By Application
• Residential Construction
• Commercial Construction
• Industrial Structures
• Infrastructure
• Energy & Power

By Connection Type
• Bolted Structures
• Welded Structures
• Riveted Structures
 
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.