The import of flat rolled iron or non-alloy steel coated with aluminium to India is projected to increase steadily from 391.2 million kilograms in 2024 to 473.69 million kilograms by 2028. Despite no data available for 2023, the forecasted growth suggests a consistent upward trend with a cumulative average growth rate over five years highlighting robust demand. Year-on-year increases are sustained around 5%, demonstrating a stable market expansion.
Future trends to watch include:
- Increased domestic production capabilities which may impact import levels.
- Global economic conditions influencing steel prices and demand in India.
- Government policies on trade and tariffs affecting steel imports.
- Technological advancements boosting domestic competitive edge.
