Advantage India
Robust
Demand
*In FY26 (April-February 2026), finished steel production stood at 146.8 MT.
*India’s domestic steel demand is estimated to grow by 9-10% in 2025 as per ICRA.
Increasing
investments
*To achieve steel capacity build-up of 300 MT per annum by 2030, India would need to invest US$ 156.08 billion by 2030-31.
*On December 10, 2025, the Board of Tata Steel approved an in-principle 4.80 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL) as part of Phase I, alongside plans to enhance flat steel capacity through a 2.50 MTPA thin slab caster and rolling facility at Meramandali, and set up a 0.70 MTPA downstream galvanising line in Maharashtra.
Policy
Support
*Under the Union Budget 2026-27, the government allocated Rs. 443.18 crore (US$ 50.1 million) to the Ministry of Steel.
*Recent policy support includes expansion of the PLI scheme (PLI 1.1 and 1.2), simplification of import procedures by removing NOC for non-QCO grades, calibrated suspension of select QCO standards, and logistics integration under PM GatiShakti to boost efficiency and investment.
Competitive
Advantage
*In FY26 (April- February 2026), crude steel production in India stood at 153.6 MT.
*India’s steel industry benefits from rich iron ore reserves in Odisha, Jharkhand, and Chhattisgarh, supported by integrated facilities, PLI incentives, and cost advantages.
*Easy availability of low-cost manpower and presence of abundant iron ore reserves make India competitive in the global set up.
JSW STEEL
JSW Steel is a flagship company of the JSW Group. The company is a leading integrated steel manufacturer. Currently one of the fastest-growing companies in India, it has a presence in over 100 countries. JSW is also the first company to manufacture high-strength and advanced high-end steel products for its automotive segments.
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Tata Steel
Tata Steel is currently the world’s second-most geographically diversified steel producer with an annual crude steel capacity of 34 million tonnes per annum (MTPA) in FY22. The company one of the few steel operations that is fully integrated - from mining to the manufacturing and marketing of finished products. Continuous improvement in its product and service portfolio, along with success in value creating initiatives for customers, allows the company to serve global growth markets. Today, it operates in 26 countries and has a commercial presence in over 50 countries with employees across five continents. The company’s raw material operations are spread across India and Canada which helps it to be self-sufficient in steel production.
Read MoreSteel Authority of India Limited (SAIL)
Steel Authority of India Limited (SAIL) is the largest steel-making company in India and one of the seven Maharatna’s of the country’s Central Public Sector Enterprises.
The company produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.
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