India Stainless Steel Industry Outlook from 2024 to 2034

In its latest report, Future Market Insights (FMI) estimates the India stainless industry size to reach US$ 17,452.5 million in 2024. Rapid industrialization and expansion of automotive sector will provide additional thrust to the industry, with sales set to surge at 6.2% CAGR.

Total stainless steel revenue in India is forecast to reach US$ 31,905.2 million by 2034, indicating over 1.8X growth. Booming construction and automotive sectors will improve India’s stainless steel industry share through 2034. Key players can capitalize on emerging opportunities by offering high-quality stainless steel at lower prices.

Attributes Key Insights
Base Value in 2023 US$ 16,486.7 million
India Stainless Steel Industry Value in 2024 US$ 17,452.5 million
Predicted Stainless Steel Industry Revenue in India (2034) US$ 31,905.2 million
Value-based CAGR (2024 to 2034) 6.2%
Collective Value Share: Top 5 States (2024E) 43.2%

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Key Highlights for India Stainless Steel Industry Report

Revenue to Grow Over 1.8X through 2034

As per the latest analysis, stainless steel revenue in India is forecast to grow by 1.8X through 2034, amid a 1.8% surge in predicted CAGR compared to the historical one. This is attributable to rising stainless steel usage across diverse industries, including automotive and construction.

Stainless steel consumption in India will also rise because of robust industrialization, growing authorities’ expenditure for infrastructure improvement, and developing city populace. By 2034, the total revenue in India is set to reach US$ 31,905.2 million.

West India to Remain the Hotbed for Stainless Steel Manufacturers

As per the latest analysis, West India remains the prominent consumer of stainless steel. It is set to hold around 43.0% of the India stainless steel industry share in 2034. This is attributed to the following factors:

Proximity to Raw Materials: States like Gujarat and Maharashtra in West India are strategically located near major ports and have access to abundant resources like iron ore and nickel, essential for stainless steel production. This proximity minimizes transportation costs and ensures a steady supply chain, providing a competitive advantage to manufacturers in the region.

Growing Industrial Infrastructure: West India boasts robust industrial infrastructure, including Special Economic Zones (SEZs), industrial parks, and manufacturing clusters. Cities like Ahmedabad, Surat, and Mumbai are home to numerous stainless steel plants benefiting from skilled labor, supportive government policies, and investment-friendly environments, fueling growth and innovation in the sector.

Presence of Diverse End-user Industries: The region hosts a diverse range of end-user industries, including automotive, petrochemicals, construction, and pharmaceuticals, all of which require stainless steel for various applications. This diverse industrial base creates a sustained demand for stainless steel products, driving continuous growth and investment in manufacturing facilities in West India.

Export Opportunities: West India's proximity to major ports like Mundra, Nhava Sheva, and Kandla facilitates export opportunities, enabling stainless steel manufacturers to access international markets efficiently. This strategic advantage, coupled with the region's well-developed transportation infrastructure, positions West India as a key player in the global stainless steel trade.

Austenitic Stainless Steel Remains Top-selling Type in India

Austenitic stainless steel has become widely used in India, holding a volume share of about 72.7% in 2024. This can be attributed to its versatility, flexibility, cost-effectiveness, and other advantages.

Austenitic stainless steel can be easily formed into sheets, increasing its application spectrum. Its welding ability also helps in diversifying its application portfolios, from any shape and design without sacrificing structural integrity. This makes it suitable for various manufacturing processes such as forging, machining, and fabrication.

Austenitic stainless steel shows good strength and toughness even at high temperatures. This is making it an ideal choice for heat-sensitive uses, such as air filters in industries, industrial furnaces, and aerospace spare parts. Similarly, the high corrosion-resistant properties of this stainless steel type enhance its popularity.

Overview of the India Stainless Steel Industry in India

India’s growing manufacturing and infrastructure sectors are key factors boosting growth of the stainless steel industry. Stainless steel is commonly used in the manufacture of building materials, roofing, textiles, and furniture because of its durability, corrosion resistance, and aesthetic properties.

Stainless steel also finds application in the chemical, oil, gas, food processing and pharmaceutical industries due to its thermal and corrosion resistance. Thus, rapid industrial growth across India will continue to propel demand for stainless steel products.

Indian government has launched initiatives like 'Make in India' as well as infrastructure projects, including the Smart Cities Mission. These initiatives and projects are set to positively influence stainless steel manufacturing in India.

India is also developing as a primary player in stainless-steel exports due to its low manufacturing and lower costs. On the other hand, fluctuation in raw material prices could restrain India's stainless steel industry growth.

Nikhil Kaitwade
Nikhil Kaitwade

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2019 to 2023 Stainless Steel Sales Outlook in India Vs. Future Forecast

Sales of stainless steel in India increased at a CAGR of 4.4% between 2019 and 2023. Total revenue reached about US$ 16,486.7 million in 2023. From 2024 to 2034, India’s stainless steel demand is set to grow at a CAGR of 6.2%.

Historical CAGR (2019 to 2023) 4.4%
Forecast CAGR (2024 to 2034) 6.2%

High penetration of industrialization is acting as a catalyst triggering growth of India stainless steel industry. This is because stainless steel is widely used in the industrial sector for making different parts, components, and equipment.

Robust expansion of automotive industry is set to create lucrative growth opportunities for stainless steel manufacturers in India. Subsequently, growing popularity of stainless steel kitchenware due to its hygiene, aesthetic appeal, and durability will boost stainless steel fabrication industry in India.

Stainless Steel Sector Dynamics in India

Growing Demand from Automotive and Transportation Sector

The automotive and transportation industry is witnessing high adoption of stainless steel due to its exceptional properties. Stainless steel’s corrosion resistance, tensile strength, durability and aesthetics are encouraging in motors’ parts and structural components.

Stainless steel is widely used for exhaust systems, catalytic converters, gas tanks, brake strains, chassis or frames and body panels within the vehicle industry. They are very precious in exhaust structures as they operate at high temperatures and come into contact with corroding gasses.

The high electricity-to-weight ratio of stainless steel allows lighter vehicles to be designed without sacrificing protection or performance. Similarly, stainless steel is selected for luxurious car decorative trims, including grilles and indoor accents, because of its esthetic enchantment and long-lasting look.

Stainless steel is also used in rail tracks, bridges, and rolling inventory in the transportation domain. This is due to its corrosion resistance and structural stability. Thus, rising stainless steel applications in the automotive and transportation sectors will fuel sales growth.

Booming Building & Construction Sector

A significant demand for stainless steel arises from the constructing and construction industry. Its resistance to corrosion, sturdiness, aesthetics, and eco-friendliness have made it a famous choice of architects and engineers for various construction tasks.

Stainless steel is used in beams, columns, and reinforcing bars in the construction industry. The fact that stainless steel has an excessive electricity-to-weight ratio and does not rust makes it a very good material for making the structural components of both residential houses and commercial buildings.

Stainless steel is also commonly used in architectural applications like façades, cladding, and roofing. Its aesthetic appeal, versatility, and capacity to resist harsh climatic situations make it suitable for architectural designs.

Rising Demand from Industrial Machinery and Components

Another key factor fueling stainless steel demand is its rising usage in industrial machinery and components. Because of its strength, resistance to corrosion, thermal balance, and adaptability, stainless steel is becoming ideal for manufacturing industrial equipment and components.

Many commercial equipment and tooling components, such as cutting gear, dies, molds, and punches, are crafted from stainless steel. Because of its hardness, toughness, and resistance to wear, stainless steel is a superb material for machining, stamping, and forming operations.

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Key Factors Restraining India Stainless Steel Industry Growth

Supply Disruptions and Massive Fluctuation in Steel Prices

The disruption in supply channels and significant price fluctuations are the major constraints faced by the stainless steel industry. Differences in demand dynamics, excess inventory caused by broadened production, and greater economic uncertainty are often the causes of these fluctuations.

State-wise Insights

The table below highlights key states’ stainless steel industry revenues. Maharashtra, Tamil Nadu, and Uttar Pradesh are set to remain the top three consumers of stainless steel, with valuations of US$ 2433.4 million, US$ 1399.3 million, and US$ 1241.3 million, respectively, in 2034.

States Stainless Steel Industry Revenue (2034)
Maharashtra US$ 2433.4 million
Tamil Nadu US$ 1399.3 million
Uttar Pradesh US$ 1241.3 million
Karnataka US$ 1209.8 million
Haryana US$ 991.7 million
Gujrat US$ 842.3 million

The table below shows the estimated growth rates of the top five countries. Goa, Punjab, and Rajasthan are set to record high CAGRs of 7.7%, 7.4%, and 7.4%, respectively, through 2034.

States Stainless Steel Industry CAGR (2024 to 2034)
Goa 7.7%
Punjab 7.4%
Rajasthan 7.4%
Karnataka 7.2%
Telangana 6.9%
Haryana 6.8%

Growing Industrial Sector and Urbanization Fueling Demand in the Maharashtra

FMI’s new report estimates the Maharashtra stainless steel industry size to reach US$ 2433.4 million by 2034. Demand for stainless steel in Maharashtra is set to rise at 6.1% CAGR between 2024 and 2034.

Maharashtra is the industrial hub of India with production industries such as aerospace, engineering, and automotive witnessing strong growth. This, in turn, is uplifting stainless steel demand in the state as these industries often use stainless steel for different purposes.

With its massive coastline, Maharashtra is home to vital ports, including Ratnagiri Port, Jawaharlal Nehru Port (Nhava Sheva), and Mumbai Port. Due to this key location, the state can import raw materials, and export completed stainless-steel merchandise greater profitably, thereby assisting the expansion of the stainless-steel sector.

Many well-known manufacturers of stainless steel, like Mukand Limited and Jindal Stainless, are based totally in Maharashtra. Through innovation, product diversification, and industry penetration, these companies help Maharashtra hold its dominance in India.

Favorable government support is also playing a key role in enhancing the stainless steel industry share of Maharashtra. The state government is launching various initiatives, such as 'Make in Maharashtra', prompting stainless steel manufacturers to establish their business in the state.

Tamil Nadu Becoming a Highly Lucrative Pocket for Manufacturers

Sales of stainless steel in Tamil Nadu are forecast to soar at a CAGR of around 5.5%, resulting in a valuation of US$ 1399.3 million by 2034. This can be attributed to expansion of industries like automotive and construction in the states.

Leading automakers like Hyundai, Ford, and Renault-Nissan are primarily based in Tamil Nadu, a huge hub for automotive production in India. This expansion of auto sector is positively impacting sales of stainless steel as it is widely used for making body panels, gasoline tanks, and exhaust structures.

Infrastructure in Tamil Nadu is growing quickly, creating demand for various stainless steel-based products. Because stainless steel is robust, shiny, and corrosion-resistant, it is often utilized in infrastructure projects, including strength plant life, bridges, and railroad stations.

Category-wise Insights

The section below shows the austenitic stainless steel segment dominating the stainless steel sector in India. It is forecast to record a CAGR of 6.1% between 2024 and 2034, prompting stainless steel manufacturers to invest in this product type to succeed.

Versatility of Austenitic Stainless Steel Propelling its Demand

Top Segment (Type) Austenitic Stainless Steel
CAGR (2024 to 2034) 6.1%

Despite availability of different stainless steel types, end users mostly prefer austenitic stainless steel, with its usage set to increase at 6.1% CAGR. This can be attributed to its versatility, high corrosion resistance, and other properties. It will generate revenue of about US$ 8,589 million by 2034.

Austenitic stainless steel is more immune to corrosion than other types. This makes it ideal to be used in harsh conditions like the ones found within the metal processing, chemical, and maritime sectors.

Austenitic stainless steel is effortlessly fabricated right into different shapes and designs due to its terrific formability, weldability, and ductility. Because of its adaptability, it can be utilized in a number of sectors, including automobile and domestic home equipment.

Austenitic chrome steel is appropriate for applications requiring thermal stability, including warmness exchangers, cryogenic tanks, and excessive-temperature equipment. This is because it keeps its mechanical features at low and high temperatures.

The smooth surface finish of austenitic stainless steel makes it easy to clean and maintain, meeting stringent hygiene requirements in industries like pharmaceuticals, healthcare, and food processing. Hence, it is forecast to hold a significant volume share of 72.9% in 2024.

India Stainless Steel Industry Competition

The Indian stainless steel industry displays a noticeable dualistic pattern, as major players secure a substantial share, estimated at around 55% to 53%. Key industry frontrunners such as Arcelor Mittal, Jindal Stainless Limited, and Nippon Steel Corporation significantly influence the industry dynamics.

A considerable share ranging from 40% to 45% is distributed among other participants. This underscores a diverse terrain characterized by emerging contenders and specialized niche players.

Key manufacturers of stainless steel in India are investing in research and development for product innovation and development in the technology. They are concentrating on producing high-grade stainless steel with extra corrosion resistance and other enhanced features.

Well-structured and efficient supply chain networks, acquisitions, partnerships, and collaborations with other companies are other growth strategies employed by players. They are also making long-term agreements with the distributors and traders to maintain and increase revenue.

Recent Developments in India's Stainless Steel Industry

  • In March 2024, Jindal Stainless Limited, a prominent stainless steel manufacturer in India, supplied around 1000 tons of 316L grade stainless steel for the construction of new UIIC building.
  • In August 2019, Mishra Dhatu Nigam Limited and Aluminum Company Limited incorporated a Joint venture company, Utkarsha Aluminum Dhatu Nigam Limited, for a green field project of High-end Aluminum products.

Key Coverage in India Stainless Steel Industry Research Report

  • Adjacent Study on Global Carbon Steel Market and Electric Steel Market
  • The Present and the Future of the Stainless Steel Market in India
  • Future Scope of Stainless Steel Processing Sector in India
  • Government Policies Impacting the Stainless Steel Industry in India
  • Challenges Faced by the Stainless Steel Sector in India
  • Growth Prospects of the Stainless Steel Industry in India
  • Top Companies in the Indian Stainless Steel Manufacturing industry

India Stainless Steel Industry Research Scope

Attribute Details
Industry Value in 2024 US$ 17,452.5 million
Industry Size in 2034 US$ 31,905.2 million
Growth Rate (2024 to 2034) 6.2% CAGR
Historical Data 2019 to 2023
Forecast Period 2024 to 2034
Quantitative Units Value (US$ million) and Volume (million tons)
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Key Segments Covered
  • Type
  • Form
  • Grade
  • End-use
Key Countries Covered India
Key Companies Profiled
  • Arcelor Mittal
  • Nippon Steel Corporation
  • Baosteel Group Corporation.
  • Baowu Steel Group Corporation Limited
  • JFE Steel Corporation
  • Jindal Stainless Limited
  • Tata Steel Limited
  • Posco International
  • Steel Authority of India Limited
  • JSW Steel Limited
  • Mangalam Worldwide Limited
  • Mishra Dhatu Nigam Limited
  • Mittal Corp Limited
  • Mukand Limited
  • Outokumpu India Pvt Ltd
  • Panchmahal Steel Ltd
  • Shah Alloys Ltd
  • Shyam Sel & Power Limited
  • Star Wire (India) Limited
  • Sunflag Iron & Steel Co Ltd
  • Synergy Steels Limited
  • Vikas Hitech Castings
  • Welspun Specialty Solutions Ltd
  • DeTech Pumps Works
  • Ambica Steels Limited
  • Viraj Profiles Limited
  • Hisar Metal Industries Limited
  • BRG Group
  • Ratnamani Metals & Tubes Ltd.
  • Rimjhim Stainless Ltd.
  • Adhunik Metalliks
  • Panchmahal Steels, Ltd.
  • Avtar Steel Ltd.
  • Laxcon Steels Limited

India Stainless Steel Industry Segmentation

By Type:

  • Austenitic Stainless Steel
  • Ferritic Stainless Steel
  • Duplex Stainless Steel
  • Martensitic Stainless Steel
  • Precipitation Hardening Stainless Steel

By Form:

  • Flat Products
  • Long Products

By Grade:

  • 200 Series
  • 300 Series
  • 400 Series
  • Other Grades

By End-use:

  • Building & Construction
  • Industrial Machinery & Components
  • Automotive & Transportation
  • Consumer Goods
  • Medical & Surgical Tools
  • Aerospace & Defense
  • Marine
  • Oil & Gas
  • Other End-uses

By Region:

  • North India
  • East India
  • West India
  • South India

Frequently Asked Questions

What is the size of stainless steel industry in India?

India stainless steel industry size is set to reach US$ 17,452.5 million in 2024.

What is the demand for stainless steel in India?

Stainless steel demand in India is predicted to rise at 6.2% CAGR through 2034.

What is the future of stainless steel in India?

India stainless steel industry value is set to reach US$ 31,905.2 million by 2034.

Who is the largest manufacturer of stainless steel in India?

Jindal Stainless Limited.

What was the historical CAGR of the target industry?

India stainless steel industry recorded a CAGR of 4.4% from 2019 to 2023.

Which company stainless steel is best in India?

Stainless steel of Arcelor Mittal, Jindal Stainless Limited, and Tata Steel Limited is popular.

Table of Content
1. Executive Summary
    1.1. Industry Outlook
    1.2. Demand Side Trends
    1.3. Supply Side Trends
    1.4. Technology Roadmap
    1.5. Analysis and Recommendations
2. Industry Overview
    2.1. Industry Coverage / Taxonomy
    2.2. Industry Definition / Scope / Limitations
3. Key Industry Trends
    3.1. Key Trends Impacting the Industry
    3.2. Product Innovation / Development Trends
4. Key Success Factors
    4.1. Product Adoption / Usage Analysis
    4.2. Product USP’s / Features
    4.3. Strategic Promotional Strategies
5. Industry Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
    5.1. Historical Industry Volume (Tons) Analysis, 2019 to 2023
    5.2. Current and Future Industry Volume (Tons) Projections, 2024 to 2034
    5.3. Y-o-Y Growth Trend Analysis
6. Industry - Pricing Analysis
    6.1. Regional Pricing Analysis By Type
    6.2. India Average Pricing Analysis Benchmark
7. Industry Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
    7.1. Historical Industry Value (US$ million) Analysis, 2019 to 2023
    7.2. Current and Future Industry Value (US$ million) Projections, 2024 to 2034
        7.2.1. Y-o-Y Growth Trend Analysis
        7.2.2. Absolute $ Opportunity Analysis
8. Industry Background
    8.1. Macro-Economic Factors
        8.1.1. India GDP Growth Outlook
        8.1.2. India Chemical Industry Overview
        8.1.3. Manufacturing Value-Added
        8.1.4. Industry Value Added
        8.1.5. Parent Industry Outlook
        8.1.6. Other Macro-Economic Factors
    8.2. Forecast Factors - Relevance and Impact
        8.2.1. Top Companies Historical Growth
        8.2.2. GDP Growth Forecast
        8.2.3. Manufacturing Industry Forecast
        8.2.4. India Urbanization Growth Outlook
        8.2.5. End-use Industry Growth Outlook
        8.2.6. Other Forecast Factors
    8.3. Value Chain
        8.3.1. Product Manufacturers
        8.3.2. End Users
        8.3.3. Avg. Profitability Margins
    8.4. COVID-19 Crisis to Impact Assessment
        8.4.1. Current Statistics
        8.4.2. Short-Mid-Long Term Outlook
        8.4.3. Likely Rebound
    8.5. Industry Dynamics
        8.5.1. Drivers
        8.5.2. Restraints
        8.5.3. Opportunity Analysis
    8.6. India Supply Demand Analysis
    8.7. Key Regulations and Certifications
    8.8. Production Process Overview
    8.9. Trade Scenario
9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 
    9.1. Introduction / Key Findings
    9.2. Historical Industry Size (US$ million) and Volume Analysis By Type, 2019 to 2023
    9.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By Type, 2024 to 2034
        9.3.1. Austenitic Stainless Steel
        9.3.2. Ferritic Stainless Steel
        9.3.3. Duplex Stainless Steel
        9.3.4. Martensitic Stainless Steel
        9.3.5. Precipitation Hardening Stainless Steel
    9.4. Industry Attractiveness Analysis By Type
10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
    10.1. Introduction / Key Findings
    10.2. Historical Industry Size (US$ million) and Volume Analysis By Form, 2019 to 2023
    10.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By Form, 2024 to 2034
        10.3.1. Flat Products
        10.3.2. Long Products
    10.4. Industry Attractiveness Analysis By Form
11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade 
    11.1. Introduction / Key Findings
    11.2. Historical Industry Size (US$ million) and Volume Analysis By Grade, 2019 to 2023
    11.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By Grade, 2024 to 2034
        11.3.1. 200 Series
        11.3.2. 300 Series
        11.3.3. 400 Series
        11.3.4. Other Grades
    11.4. Industry Attractiveness Analysis By Grade
12. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
    12.1. Introduction / Key Findings
    12.2. Historical Industry Size (US$ million) and Volume Analysis By End Use, 2019 to 2023
    12.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By End Use, 2024 to 2034
        12.3.1. Building and Construction
        12.3.2. Industrial Machinery and Components
        12.3.3. Automotive and Transportation
        12.3.4. Consumer Goods
        12.3.5. Medical and Surgical Tools
        12.3.6. Aerospace and Defense
        12.3.7. Marine
        12.3.8. Oil and Gas
        12.3.9. Other End Uses
    12.4. Industry Attractiveness Analysis By End Use
13. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
    13.1. Introduction
    13.2. Historical Industry Size (US$ million) and Volume Analysis By Region, 2019 to 2023
    13.3. Current Industry Size (US$ million) and Volume Analysis and Forecast By Region, 2024 to 2034
        13.3.1. North India
        13.3.2. South India
        13.3.3. East India
        13.3.4. West India
    13.4. Industry Attractiveness Analysis By Region
14. North Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
    14.1. Introduction
    14.2. Pricing Analysis
    14.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Industry Taxonomy, 2019 to 2023
    14.4. Industry Size (US$ million) and Volume Forecast By Industry Taxonomy, 2024 to 2034
        14.4.1. By State
            14.4.1.1. Punjab
            14.4.1.2. Haryana
            14.4.1.3. Uttar Pradesh
            14.4.1.4. Rest of North India
        14.4.2. By Type
        14.4.3. By Form
        14.4.4. By Grade
        14.4.5. By End Use
    14.5. Industry Attractiveness Analysis
        14.5.1. By State
        14.5.2. By Type
        14.5.3. By Form
        14.5.4. By Grade
        14.5.5. By End Use
    14.6. Industry Trends
    14.7. Key Industry Participants - Intensity Mapping
    14.8. Drivers and Restraints - Impact Analysis
15. South Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
    15.1. Introduction
    15.2. Pricing Analysis
    15.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Industry Taxonomy, 2019 to 2023
    15.4. Industry Size (US$ million) and Volume Forecast By Industry Taxonomy, 2024 to 2034
        15.4.1. By State
            15.4.1.1. Andhra Pradesh
            15.4.1.2. Telangana
            15.4.1.3. Karnataka
            15.4.1.4. Tamil Nadu
            15.4.1.5. Rest of South India
        15.4.2. By Type
        15.4.3. By Form
        15.4.4. By Grade
        15.4.5. By End Use
    15.5. Industry Attractiveness Analysis
        15.5.1. By State
        15.5.2. By Type
        15.5.3. By Form
        15.5.4. By Grade
        15.5.5. By End Use
    15.6. Industry Trends
    15.7. Key Industry Participants - Intensity Mapping
    15.8. Drivers and Restraints - Impact Analysis
16. East Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
    16.1. Introduction
    16.2. Pricing Analysis
    16.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Industry Taxonomy, 2019 to 2023
    16.4. Industry Size (US$ million) and Volume Forecast By Industry Taxonomy, 2024 to 2034
        16.4.1. By State
            16.4.1.1. Bihar
            16.4.1.2. Jharkhand
            16.4.1.3. West Bengal
            16.4.1.4. Rest of East India
        16.4.2. By Type
        16.4.3. By Form
        16.4.4. By Grade
        16.4.5. By End Use
    16.5. Industry Attractiveness Analysis
        16.5.1. By State
        16.5.2. By Type
        16.5.3. By Form
        16.5.4. By Grade
        16.5.5. By End Use
    16.6. Industry Trends
    16.7. Key Industry Participants - Intensity Mapping
    16.8. Drivers and Restraints - Impact Analysis
17. West Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
    17.1. Introduction
    17.2. Pricing Analysis
    17.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Industry Taxonomy, 2019 to 2023
    17.4. Industry Size (US$ million) and Volume Forecast By Industry Taxonomy, 2024 to 2034
        17.4.1. By State
            17.4.1.1. Rajasthan
            17.4.1.2. Gujarat
            17.4.1.3. Maharashtra
            17.4.1.4. Goa
        17.4.2. By Type
        17.4.3. By Form
        17.4.4. By Grade
        17.4.5. By End Use
    17.5. Industry Attractiveness Analysis
        17.5.1. By State
        17.5.2. By Type
        17.5.3. By Form
        17.5.4. By Grade
        17.5.5. By End Use
    17.6. Industry Trends
    17.7. Key Industry Participants - Intensity Mapping
    17.8. Drivers and Restraints - Impact Analysis
18. State-wise Industry Analysis 
    18.1. Introduction
        18.1.1. Industry Value Proportion Analysis, By Key State
        18.1.2. India Vs. State Growth Comparison
    18.2. Punjab Industry Analysis
        18.2.1. By Type
        18.2.2. By Form
        18.2.3. By Grade
        18.2.4. By End Use
    18.3. Haryana Industry Analysis
        18.3.1. By Type
        18.3.2. By Form
        18.3.3. By Grade
        18.3.4. By End Use
    18.4. Uttar Pradesh Industry Analysis
        18.4.1. By Type
        18.4.2. By Form
        18.4.3. By Grade
        18.4.4. By End Use
    18.5. Andhra Pradesh Industry Analysis
        18.5.1. By Type
        18.5.2. By Form
        18.5.3. By Grade
        18.5.4. By End Use
    18.6. Telangana Industry Analysis
        18.6.1. By Type
        18.6.2. By Form
        18.6.3. By Grade
        18.6.4. By End Use
    18.7. Karnataka Industry Analysis
        18.7.1. By Type
        18.7.2. By Form
        18.7.3. By Grade
        18.7.4. By End Use
    18.8. Tamil Nadu Industry Analysis
        18.8.1. By Type
        18.8.2. By Form
        18.8.3. By Grade
        18.8.4. By End Use
    18.9. Bihar Industry Analysis
        18.9.1. By Type
        18.9.2. By Form
        18.9.3. By Grade
        18.9.4. By End Use
    18.10. Jharkhand Industry Analysis
        18.10.1. By Type
        18.10.2. By Form
        18.10.3. By Grade
        18.10.4. By End Use
    18.11. West Bengal Industry Analysis
        18.11.1. By Type
        18.11.2. By Form
        18.11.3. By Grade
        18.11.4. By End Use
    18.12. Rajasthan Industry Analysis
        18.12.1. By Type
        18.12.2. By Form
        18.12.3. By Grade
        18.12.4. By End Use
    18.13. Gujarat Industry Analysis
        18.13.1. By Type
        18.13.2. By Form
        18.13.3. By Grade
        18.13.4. By End Use
    18.14. Maharashtra Industry Analysis
        18.14.1. By Type
        18.14.2. By Form
        18.14.3. By Grade
        18.14.4. By End Use
    18.15. Goa Industry Analysis
        18.15.1. By Type
        18.15.2. By Form
        18.15.3. By Grade
        18.15.4. By End Use
19. Industry Structure Analysis
    19.1. Industry Analysis by Tier of Companies
    19.2. Industry Concentration
    19.3. Industry Share Analysis of Top Players
    19.4. Production Capacity Analysis
    19.5. Industry Presence Analysis
        19.5.1. By Product Footprint of Players
        19.5.2. By Regional Footprint of Players
        19.5.3. By Application Footprint of Players
20. Competition Analysis
    20.1. Competition Dashboard
    20.2. Competition Benchmarking
    20.3. Competition Deep Dive
        20.3.1. Arcelor Mittal
            20.3.1.1. Overview
            20.3.1.2. Product Portfolio
            20.3.1.3. Profitability by Industry Segments (Type/Form/Grade/End Use/Region)
            20.3.1.4. Sales Footprint
            20.3.1.5. Strategy Overview
        20.3.2. Nippon Steel Corporation
        20.3.3. Baosteel Group Corporation.
        20.3.4. Baowu Steel Group Corporation Limited
        20.3.5. JFE Steel Corporation
        20.3.6. Jindal Stainless Limited
        20.3.7. Tata Steel Limited
        20.3.8. Posco International
        20.3.9. Steel Authority of India Limited
        20.3.10. JSW Steel Limited
        20.3.11. Mangalam Worldwide Limited
        20.3.12. Mishra Dhatu Nigam Limited
        20.3.13. Mittal Corp Limited
        20.3.14. Mukand Limited
        20.3.15. Outokumpu India Pvt Ltd
        20.3.16. Panchmahal Steel Ltd
        20.3.17. Shah Alloys Ltd
        20.3.18. Shyam Sel and Power Limited
        20.3.19. Star Wire (India) Limited
        20.3.20. Sunflag Iron and Steel Co Ltd
        20.3.21. Synergy Steels Limited
        20.3.22. Vikas Hitech Castings
        20.3.23. Welspun Specialty Solutions Ltd
        20.3.24. DeTech Pumps Works
        20.3.25. Ambica Steels Limited
        20.3.26. Viraj Profiles Limited
        20.3.27. Hisar Metal Industries Limited
        20.3.28. BRG Group
        20.3.29. Ratnamani Metals and Tubes Ltd.
        20.3.30. Rimjhim Stainless Ltd.
        20.3.31. Adhunik Metalliks
        20.3.32. Panchmahal Steels, Ltd.
        20.3.33. Avtar Steel Ltd.
        20.3.34. Laxcon Steels Limited
21. Primary Insights
22. Assumptions and Acronyms Used
23. Research Methodology
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