Steel News

We strive to let you one step ahead of the market.

Indian stainless steel demand growth rate rises to 6-7%

21 Nov 2019 16:26 reported by Sharon Hung

A A A
It was reported that India's Union Minister of State, Faggan Singh Kulaste, said that India's stainless steel demand has a compound annual growth rate (CAGR) of 6-7%, one of the highest in the world.

India's per capita consumption of stainless steel reached 2.5 kg in 2019, but it was only 1.2 kg in 2010. In less than 10 years, the per capita consumption of stainless steel has increased by 100%, representing the strong growth in the Indian economy.

India has now become one of the 15 countries with the highest per capita consumption of stainless steel in the world.

Back to Steel News

Related News

Turkey's stainless steel coil exports increase in 2019 y-o-y

  • Stainless steel
  • 25 Feb 2020 16:42

China’s stainless steelmakers plan to cut production

  • Stainless steel
  • 25 Feb 2020 13:34

Taiwan’s stainless steel billet imports hit new low in Jan

  • Stainless steel
  • 24 Feb 2020 11:55

Taiwan’s total imports of stainless steel face drop in Jan

  • Stainless steel
  • 21 Feb 2020 13:13

Taiwan’s total exports of stainless steel face drop in Jan

  • Stainless steel
  • 21 Feb 2020 13:13

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,038.00
  • 2,059.50
  • Aluminum
  • 1,671.50
  • 1,696.00
  • Copper
  • 5,657.00
  • 5,679.00
  • Nickel
  • 12,350.00
  • 12,460.00

Learn more

Coil Exchange Center

  • 2B Coil-Mar
  • 2,410
  • 2,270
  • NO1 Coil-Mar
  • 2,380
  • 2,240
  • 2B Coil-Mar
  • 2,410
  • 2,270
  • NO1 Coil-Mar
  • 2,380
  • 2,240

Learn more