Will steel continue to boom?

20 Oct 2021 CW Team

The steel industry is one of the core industries of India and the nation wants to become completely self-reliant by 2030. India has strived for continuous modernisation of and up-gradation of steel plants to reach higher energy efficiency levels. In FY21, the production of crude steel and finished steel was 102.49 MT and 94.66 MT, respectively. As per the CARE Ratings, crude steel production is expected to reach 112-114 MT (million tonnes) in FY22, which is an increase of 8-9% YoY. The Indian government has taken various initiatives for the development of the steel industry, such as, promoting an environment-friendly steel industry, expanding the domestic capacity of steel plants, greenfield capacity, setting up value-added steel clusters, etc. The Covid 19 pandemic eroded the demand for steel due to less consumer demand and some players were seen highly depending on export for steel.

The industry needs a revival strategy in place to overcome the losses led by the pandemic. The construction, automobiles, railways, and consumer durables sectors have a direct impact on the steel industry. The construction industry accounts for the largest consumption of steel. With affordable housing schemes, commercial and industrial construction will further give a push to steel demand in India.

Click here to read more

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..