India steel officials said at an Industry Conference, till March 31, India’s the steel consumption was 90 million tons of the previous fiscal year.

India will rise to 2.1 billion tons of iron and steel consumption in 2025-2026. Meanwhile, India’s domestic steel demand is expected to rise at the same time, plans to expend the steel production capacity from current 1.1 billion tons to 3 billion tons, up nearly three times of production capacity.

Steel demand surges will also drive upstream raw materials market boom. While steel demand is expected to be promoted to 3.6 billion tons of iron ore market