Bharat Steel, the Union steel ministry’s flagship international exhibition-cum-conference, will take place in Delhi in April next year. Expected to be attended by leaders of the global steel industry, the event will showcase India’s possibilities in the steel sector. It will also open up opportunities for the global fraternity to participate in India’s steel sector through investment, collaboration, joint ventures, and technology transfer.
Over the years, India has emerged as a bright spot in the global steel trade. Once a modest player, India became the second-largest steel maker in the world in 2018, replacing Japan in the global steel order. The growth of the industry, however, has been the most noticeable since then. Between FY20 and FY25, India’s crude steel production grew from 110 MT to 151 MT. From 205 MTPA in FY25, India’s production capacity is poised to reach 300 MTPA by 2030. India’s ambitious target is to take the capacity to 500 MTPA by India’s centenary year of Independence in 2047.
In recent times, India is the only country to clock double-digit growth in steel consumption, and holds enormous global significance, particularly to the Global South. According to the World Steel Association (WSA), India is likely to log the highest growth in steel demand, around 9%, among the world’s major consuming nations in both 2025 and 2026.