India Hot Rolled & Cold Rolled Steel Market Report 2033

India Hot Rolled & Cold Rolled Steel Market Size, Share, Trends and Forecast by Product, Form, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31116

Buy Now Discount
Offer

India Hot Rolled & Cold Rolled Steel Market Overview:

The India hot rolled & cold rolled steel market size reached USD 56.73 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 91.41 Million by 2033, exhibiting a growth rate (CAGR) of 5.04% during 2025-2033. The India hot rolled and cold rolled steel market is driven by large-scale infrastructure projects, rapid urbanization, government initiatives like the National Steel Policy and PLI scheme, rising automotive and construction demand, technological advancements in steel manufacturing, and growing domestic consumption fueled by industrial expansion and economic development.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 56.73 Million
Market Forecast in 2033	USD 91.41 Million
Market Growth Rate 2025-2033	5.04%

India Hot Rolled & Cold Rolled Steel Market Trends:

Robust Infrastructure Development and Urbanization

India's dedication to improving its infrastructure has been a major factor in elevating the demand for hot rolled as well as cold rolled steel products. The government's emphasis on constructing and modernizing roads, bridges, railways, airports, and urban infrastructure has generated a huge demand for steel, as it is a critical component of construction and development activities. The National Infrastructure Pipeline (NIP), initiated by the Government of India, provides a detailed plan to invest more than INR 111 lakh crore (about USD 1.5 trillion) in infrastructure development between 2020 and 2025. The ambitious plan covers sectors like energy, transport, water, and urban development, all of which are heavy users of steel. The NIP is designed to enhance the quality of life of citizens and make India a global economic leader by upgrading its infrastructure. The trends of urbanization also promote the demand for steel. With rapid migration to urban centers, residential and commercial buildings are in greater demand, requiring HR and CR steel products. The Smart Cities Mission initiated to develop 100 smart cities throughout the nation is a reflection of this urbanization push. Smart cities necessitate high consumption of steel in building sustainable and disaster-resistant structures, thus strengthening the market for steel. The combined impact of these urbanization and infrastructure programs has created a huge demand for steel. India's crude steel production capacity was at 143.91 million tons in 2021-22, as per the Ministry of Steel, indicating the sector's response to address the rising domestic needs. This expansion of capacity highlights the optimistic scenario for the HR and CR steel market due to continuous infrastructure development and urbanization processes.

India Hot Rolled & Cold Rolled Steel Market Size

Government Policies and Initiatives Supporting the Steel Industry

The positive policies of the Indian government have played a key role in developing the HR and CR steel market. With supportive policies, the government has developed an environment conducive to the expansion and upgradation of the steel industry. The National Steel Policy (NSP) 2017 is a foundation policy that aims to make India a self-reliant and competitive steel producer at the global level. The policy lays out aggressive goals, such as 300 million tons of steel-making capacity by 2030-31. The policy focuses on the use of new-age technologies, improving domestic consumption, and availability of raw materials. Another major step is the Production-Linked Incentive (PLI) Scheme for Specialty Steel, announced with a view to promoting production in the country of high-value steel products. Under the scheme, manufacturers would receive financial benefits according to incremental sales and production, which will motivate the local manufacturing of value-added steel products. The PLI scheme would enable an extra 25 million tons of capacity in specialty steel within the next five years and enhance export strengths with less import dependency.

India Hot Rolled & Cold Rolled Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product, form, and application.

Product Insights:

Hot Rolled Steel
Cold Rolled Steel

The report has provided a detailed breakup and analysis of the market based on the product. This includes hot rolled steel and cold rolled steel.

Form Insights:

Steel Plate
Steel Coil
Flat
Others

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes steel plate, steel coil, flat, and others.

Application Insights:

Automotive
Construction
Steel Pipe
Shipping
Machinery and Equipment
Industrial
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive, construction, steel pipe, shipping, machinery and equipment, industrial, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Hot Rolled & Cold Rolled Steel Market News:

November 2024: JSW Steel and POSCO made a USD 7.73 billion investment in establishing a steel plant in Odisha to cater to growing steel demand in India. This investment is augmenting production capacity to provide a reliable supply of hot rolled and cold rolled steel to support infrastructure and industrial development. The project is promoting local availability, cutting dependence on imports, and reinforcing the steel sector of India.
September 2024: ArcelorMittal Nippon Steel India (AM/NS India) invested close to INR 1,000 crore to set up a line for producing Magnelis, a zinc-aluminium-magnesium alloy-coated flat carbon steel, at its Hazira plant in Gujarat. The project is intended to provide high-performance steel to the solar energy, infrastructure, agriculture, and construction sectors. By manufacturing Magnelis locally, AM/NS India minimizes dependence on imports from nations such as Korea, Japan, and China, providing timely access to advanced steel products. This innovation increases the domestic supply of niche steel, aiding the development of India's hot rolled and cold rolled steel market.
August 2024: India launched an anti-dumping probe into hot-rolled flat steel products from Vietnam, after local producers complained of unfair pricing. The action is to safeguard local manufacturers by possibly levying duties on such imports, thus bolstering the domestic hot-rolled and cold-rolled steel industry. By restricting unfairly priced imports, the probe is aimed at providing a level playing field for Indian steel manufacturers, promoting a more stable and competitive market environment.

India Hot Rolled & Cold Rolled Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Form Application Region
Products Covered	Hot Rolled Steel, Cold Rolled Steel
Forms Covered	Steel Plate, Steel Coil, Flat, Others
Applications Covered	Automotive, Construction, Steel Pipe, Shipping, Machinery and Equipment, Industrial, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India hot rolled & cold rolled steel market performed so far and how will it perform in the coming years?
What is the breakup of the India hot rolled & cold rolled steel market on the basis of product?
What is the breakup of the India hot rolled & cold rolled steel market on the basis of form?
What is the breakup of the India hot rolled & cold rolled steel market on the basis of application?
What are the various stages in the value chain of the India hot rolled & cold rolled steel market?
What are the key driving factors and challenges in the India hot rolled & cold rolled steel market?
What is the structure of the India hot rolled & cold rolled steel market and who are the key players?
What is the degree of competition in the India hot rolled & cold rolled steel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India hot rolled & cold rolled steel market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India hot rolled & cold rolled steel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India hot rolled & cold rolled steel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.