India To Drive Global Demand For Steelmaking Raw Materials

21 Aug 2025 CW Team

India is set for a sharp rise in demand for iron ore, coking coal and potash, fuelled by accelerating infrastructure investment and a growing manufacturing sector, according to BHP’s Economic and Commodity Outlook.

The report projects that India’s annual steel demand will quadruple over the next 25 years, directly increasing the requirement for steelmaking raw materials. While India has exported an average of 30 million tonnes of iron ore annually over the past nine years, BHP notes that the country will increasingly act as an opportunistic importer during periods of domestic supply disruption.

On global markets, BHP forecasts mixed dynamics in the year ahead: refined copper, uranium and potash are expected to remain broadly balanced, while steelmaking raw materials and nickel are likely to face surpluses. India’s strong domestic demand, favourable demographics and rising investments position it as the fastest-growing major economy, with steel production growth expected to offset declines in China’s post-plateau output.

Potash demand in India has surged in line with global trends. Benchmark prices rose through the first half of CY25, with new contracts signed at Rs 30,379 (US$349) per tonne, around 25 per cent higher than last year. Imports grew by more than 20 per cent in the first five months of CY25, underscoring India’s growing role in global fertiliser markets.

BHP emphasises that India, along with other parts of developing Asia, is entering a long-term structural growth phase, driven by regional trade integration and rising domestic consumption. With expanding infrastructure and manufacturing, India’s appetite for critical raw materials will be a defining factor in shaping regional and global commodity markets in the decades ahead.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..