India Structural Steel Market Size & Outlook, 2025-2030
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- Metals, Mining & Minerals
- Structural Steel Market Outlook
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India structural steel market highlights
- The India structural steel market generated a revenue of USD 7,179.7 million in 2024 and is expected to reach USD 10,768.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.6% from 2025 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2024.
- Non-residential is the most lucrative application segment registering the fastest growth during the forecast period.
Structural steel market data book summary
| Market revenue in 2024 | USD 7,179.7 million |
| Market revenue in 2030 | USD 10,768.2 million |
| Growth rate | 7.6% (CAGR from 2025 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-residential |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Gerdau SA ADR, Nippon Steel Corp, Tata Steel Ltd GDR - 144A, Steel Authority Of India Ltd DR |
Other key industry trends
- In terms of revenue, India accounted for 6.0% of the global structural steel market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Taiwan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,140.6 million by 2030.
The Indian economy has witnessed significant momentum owing to the enactment of policies such as Goods and Services Tax. Although the economy has slowed down in 2019, the economic activity is predicted to pick up and drive construction activities in the region.
In addition, the country has created a suitable platform for maximum investments from foreign investors. However, the COVID-19 situation in the country has slowed down the economy and has impacted the other industries in the country.
Increasing per capita income along with rapid urbanization is expected to boost residential construction in the country over the forecast period. As per the reports of the Ministry of Statistics and Program Implementation.
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Publish Date: Oct 16, 2025
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| ArcelorMittal SA Depository Receipt | View profile | 126,756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | www.arcelormittal.com |
| Nippon Steel Corp | View profile | 121,990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | www.nipponsteel.com |
| Steel Authority Of India Ltd DR | View profile | 59,186 | Lodi Road, Ispat Bhawan, New Delhi, India, 110003 | www.sail.co.in |
| Gerdau SA ADR | View profile | 27,371 | Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, Brazil, 05425-070 | www.gerdau.com |
India Structural Steel Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Structural Steel Market Outlook will help companies and investors design strategic landscapes.
Non-Residential was the largest segment with a revenue share of 53.46% in 2024.
Horizon Databook has segmented the India structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian economy has witnessed significant momentum owing to the enactment of policies such as Goods and Services Tax. Although the economy has slowed down in 2019, the economic activity is predicted to pick up and drive construction activities in the region.
In addition, the country has created a suitable platform for maximum investments from foreign investors. However, the COVID-19 situation in the country has slowed down the economy and has impacted the other industries in the country.
Increasing per capita income along with rapid urbanization is expected to boost residential construction in the country over the forecast period. As per the reports of the Ministry of Statistics and Program Implementation.
- India Structural Steel Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Non-residential
- India Structural Steel Market Product Outlook (Revenue, USD Million , 2018-2030)
- Angles
- Channels
- Rounds
- Beam
- Squares
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Horizon Databook provides a detailed overview of country-level data and insights on the India Structural Steel Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Structural Steel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Structural Steel Market, 2018-2030 (US$M)
India structural steel market statistics, by application, 2018-2030 (US$M)
