India Steel Industry Eyes Fiscal 2027 Budget With Optimism And Growth Plans

India’s steel industry is looking ahead to fiscal 2027 with strong optimism. Analysts project steady demand growth driven by infrastructure, real estate, and automotive sectors. The industry is expected to add significant capacity, reinforcing India’s position as the world’s second-largest steel producer. Stakeholders are urging the government to provide incentives for decarbonisation, green hydrogen adoption, and export competitiveness.  

Key Highlights  

• Steel demand projected to grow steadily in fiscal 2027  
• Capacity expansion planned to strengthen domestic production  
• Industry seeks incentives for green hydrogen and sustainable practices  
• Concerns raised over rising imports from China and Vietnam  
• Union Budget expected to focus on infrastructure and capex-led growth  

Conclusion  
With robust demand drivers and expansion strategies, India’s steel industry views fiscal 2027 as a pivotal year. Policy support in the Union Budget will be crucial to ensure sustainable growth, competitiveness, and alignment with global standards.  

Sources: Financial Express, Business Standard, IBEF