In 2023, India's import of hot-rolled iron or non-alloy steel coils of specified dimensions stood at an undisclosed baseline, with the forecast for 2024 indicating a value of $198.19 million. The year-on-year growth from 2024 to 2028 shows a gradual increase, with 2025 reaching $201.82 million, 2026 at $205.38 million, 2027 at $208.86 million, and 2028 at $212.28 million. This marks a consistent upward trend with a compound annual growth rate (CAGR) to indicate a stable yet moderate increase in imports.
Future trends to watch for:
- Global economic conditions impacting steel prices and trade policies.
- Infrastructure projects and construction demands in India that may boost steel imports.
- Potential advances in domestic steel production reducing reliance on imports.
- Sustainability and environmental regulations affecting steel industry dynamics.
Latest reports
US Steel Market Report- Q1 2025
The US steel market in Q1 2025 is navigating a complex landscape shaped by significant investments, evolving trade policies, and a strong focus...
China Steel Market Report- Q1 2025
In the first quarter of 2025, the steel market in China faced significant challenges and opportunities amid a volatile global economic landscape. The...
Japan Steel Market Report- Q4 2024
In the fourth quarter of 2024, the steel industry in Japan navigated a complex economic landscape characterized by declining production levels and fluctuating...
Germany Steel Market Report- Q1 2025
In the first quarter of 2025, the Germany steel industry is navigating complex economic and geopolitical landscapes. Pressured by high energy costs due...
India Steel Market Report- Q1 2025
In the first quarter of 2025, the steel industry in India has exhibited considerable dynamism, driven by both domestic and international factors. The...
France Steel Market Report- Q1 2025
The France steel market in Q1 2025 faced a challenging quarter characterized by a decline in production and a complex economic backdrop. The...
Canada Steel Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Canadian steel market, characterized by significant changes in trade policies and market dynamics....
Brazil Steel Market Report- Q1 2025
The first quarter of 2025 has been a pivotal period for the Brazilian steel industry, marked by significant shifts in trade policies, sustainability...
Italy Steel Market Report- Q1 2025
The Italy steel market in the first quarter of 2025 is navigating a complex landscape characterized by fluctuating production and evolving market demands....
South Korea Steel Market Report- Q1 2025
The South Korean steel market is navigating a complex landscape in Q1 2025, influenced by global trade policies, domestic economic conditions, and technological...
