According to India Brand Equity Foundation, the steel industry in India has benefited immensely from the initiatives taken by the Indian government. The steel industry in India is an essential part of the country’s development, and it has applications in roads, railways, urban development, pipelines, automobiles, and power sectors. In FY25, India ranks second globally in the production of crude steel. The steel demand in India has estimated a CAGR of 8-9% YoY in 2025. This has been majorly driven by infrastructure development.
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