In 2023, the import of cold rolled stainless steel of a width of 600 mm or more, with a thickness of less than 0.5 mm to India, was valued at 53.0 million USD. The forecast data for 2024 through 2028 shows a steady upward trend, with subsequent annual increases. By 2028, the imports are expected to reach roughly 59.625 million USD. Year-on-year variations reflect a consistent rise of around 2.5% to 3% annually, while the compound annual growth rate (CAGR) over the 2024-2028 period is projected to be approximately 2.9%.
Future trends to watch for include the impact of global trade agreements, technological advancements in steel manufacturing, and potential shifts in domestic production capacity. Additionally, factors such as changing demand in industries using stainless steel and policy changes could influence import volumes in the coming years.
