SAIL Chairman Sees 9-10% Steel Consumption Growth in FY25, Positive Demand Momentum

Unknown Apr 02, 2026 700 Views

India's steel consumption is likely to increase by 9-10% in FY25 as a result of strong demand from the infrastructure, construction, and manufacturing industries, SAIL Chairman said. The country's sustained thrust for economic growth and mega projects under initiatives such as PM Gati Sha...

Key Highlights:

Steel Consumption Projections: SAIL Chairman insisted that India's growth in steel consumption is firm, driven by rising investments in infrastructure, city development, and industrial growth. This trend pattern is consistent with India being the world's second-largest steel manufacturer.
February 2025 Sales Comparison: In February 2025, India recorded 8% steel consumption growth with SAIL providing major support to local supply. Demand picked up in March 2025 following pre-summer construction activity as well as increased pressure from the government to enhance infrastructure projects.
SAIL's Contribution: SAIL has been at the forefront of bridging India's increasing steel demand. SAIL announced consistent sales growth in February and March 2025, benefiting from its diversified product mix and operational efficiency focus.

Leadership Insights

The Chairman of SAIL said, "India's steel industry is set to experience steady growth in FY25. With demand likely to grow by 9-10%, we are committed to increasing our production capacity and providing quality steel to cater to market demand."

Outlook:

With the anticipated growth in steel usage, SAIL and other leading players will look to increase production and seek export markets, thereby ensuring that India remains a leading player in the global steel sector.

Conclusion:

India's high steel consumption outlook indicates strong economic activity and infrastructure growth, setting the industry up for long-term growth.

Sources: Economic Times, Business Standard; April 2, 2025

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