The market is dominated by domestic suppliers, as imports account for 9.4% of total market size in 2024. B2B drives market demand, with B2B spending representing 98.7% of total demand in 2024. India has the second largest market size for basic iron and steel regionally, with demand reaching USD265 billion in 2024. Tata Steel Ltd is the largest company in India, generating 14.6% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 50.2% of total production value in 2024. The total number of companies increases in 2024, to 498,586 units. The costs of the industry increase by 10.8% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 1.8% of production value in 2024, the 19th highest regionally. The industry’s exports share decreases in 2024 to 4.6% of total production output. With production value of USD246 billion, India accounts for 12.6% of the Asia Pacific total in 2024.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in India: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in India: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Metal Products in India report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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Basic Iron and Steel in India: ISIC 271
HEADLINES
MARKET OVERVIEW
Metal Products
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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