call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
India Hot Rolled And Cold Rolled Steel Market
Inquire Before Buying Request for Sample

India Hot Rolled And Cold Rolled Steel Market

Home Chemicals And Materials India Hot Rolled And Cold Rolled Steel Market

India Hot Rolled and Cold Rolled Steel Market, By Type (Hot Rolled Steel, Cold Rolled Steel); By Form (Steel Plate, Steel Coil, Flat); By Application (Automotive, Construction, Appliances, Heavy Equipment, Packaging); By End User (Infrastructure, Building & Construction, Manufacturing, Energy), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: September 2024
  • Report ID: BWC24707
  • Available Format: PDF
  • Page: 110

Report Overview

A booming number of infrastructure development projects across the country, rapid industrialization across various sectors and urbanization are expected to drive India Hot Rolled and Cold Rolled Steel Market during the forecast period between 2024 and 2030.

India Hot Rolled and Cold Rolled Steel Market – Industry Trends & Forecast Report, 2030

India Hot Rolled and Cold Rolled Steel Market size is projected to grow at a CAGR of 8.5% during the forecast period between 2024 and 2030. Prominent drivers of India Hot Rolled and Cold Rolled Steel Market include the increasing cost-effectiveness of hot rolled steel, widely used in heavy machinery, truck frames, and large pipes, as well as rising automation across key industries, boosting demand for both hot and cold rolled steel. Growing disposable incomes among India’s middle-class have fueled the automotive sector, further accelerating market growth. Additionally, expanding infrastructure projects, driven by government initiatives like "Make in India" and rapid industrialization, are significantly contributing to the rising demand for high-quality steel products. The steady growth of the economy, along with increased investments in manufacturing and infrastructure, is bolstering the market's upward trajectory. Furthermore, supply dynamics are closely tied to the availability of raw materials such as iron ore and coal, while the capacity of India’s steel plants, like AM/NS in Hazira, plays a pivotal role in ensuring a stable and cost-effective supply of steel for diverse industries.

Hot Rolled and Cold Rolled Steel – Overview

Hot Rolled Steel is processed at high temperatures, typically above 1700°F (926°C), which makes it easier to shape and form. It is widely used in applications where precise shapes and tolerances are not critical, such as in construction, heavy machinery, truck frames, and large pipes. Hot rolled steel has a rougher surface and is generally more cost-effective to produce compared to cold rolled steel. Cold Rolled Steel, on the other hand, is produced by taking hot rolled steel and processing it further at room temperature to enhance its surface finish and improve dimensional accuracy. This additional processing makes cold rolled steel stronger, smoother, and more precise, making it ideal for applications requiring high-quality finishes and tight tolerances, such as in the manufacturing of appliances, furniture, and smaller automotive components. Although more expensive due to the extra processing, cold rolled steel is favored in industries where strength, precision, and finish are essential.

India Hot Rolled and Cold Rolled Steel Market

Growth Drivers

Large Infrastructure Development Projects across India

Rapid infrastructure development is a key driver for India Hot Rolled and Cold Rolled Steel Market. An increasing demand for robust construction materials, propelled by a growing economy and rising population, underscores the vital role of these steel products in building bridges, skyscrapers, and commercial structures. Hot-rolled steel offers exceptional strength and durability, making it ideal for high-stress applications, while cold-rolled steel provides superior surface quality and precision for aesthetic requirements. Both types contribute to sustainable construction practices, given their recyclability and lower carbon emissions during production. As companies like JSW Steel lead the way in supplying high-quality steel, they are instrumental in transforming India’s infrastructure landscape. The synergy between infrastructure development and steel production not only supports economic progress but also reinforces India’s commitment to building a resilient future.

Challenges

Fluctuating Raw Material Prices

Fluctuating raw material prices pose a significant challenge to the growth of the India hot-rolled and cold-rolled steel market. The cost of key inputs, such as iron ore and coking coal, is subject to market volatility, which can lead to unpredictable production expenses. These fluctuations hinder manufacturers’ ability to maintain stable pricing, affecting profit margins and investment decisions. Additionally, rising raw material costs can result in increased prices for end consumers, dampening demand. Consequently, the instability in raw material prices undermines the overall growth potential of the steel market in India, limiting expansion opportunities in a competitive landscape.

Impact of Escalating Geopolitical Tensions on India Hot Rolled and Cold Rolled Steel Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of India Hot Rolled and Cold Rolled Steel Market. These tensions often lead to trade restrictions, tariffs, and sanctions, disrupting supply chains and increasing raw material costs. Additionally, uncertainty in international relations can deter foreign investments and hinder market confidence, impacting production capacity and expansion plans. As companies navigate these challenges, fluctuations in demand may occur, further complicating market dynamics. Overall, geopolitical instability poses a considerable risk to the growth trajectory of the hot-rolled and cold-rolled steel sectors in India.

India Hot Rolled and Cold Rolled Steel Market

Segmental Coverage

India Hot Rolled and Cold Rolled Steel Market – By Type

By type, India Hot Rolled and Cold Rolled Steel Market is bifurcated Hot Rolled Steel and Cold Rolled Steel segments. The cold rolled steel segment is expected to hold a higher share in India Hot Rolled and Cold Rolled Steel Market by type during the forecast period. Known for its clean surfaces and precise finished dimensions, cold-rolled steel offers greater strength than hot-rolled steel and requires minimal additional finishing. Its smooth surface and superior properties make it ideal for a wide range of applications, including home appliances, water heaters, fan blades, frying pans, structural parts, metal furniture, and cabinets. This broad range of uses is driving increased demand for cold-rolled steel in India, further boosting its market growth.

India Hot Rolled and Cold Rolled Steel Market Size

India Hot Rolled and Cold Rolled Steel Market – By Form

Based on form, India Hot Rolled and Cold Rolled Steel Market is divided into Steel Plate, Steel Coil, Flat, and other segments. The flat segment holds the highest share in India Hot Rolled and Cold Rolled Steel Market by form, driven by its extensive applications across industries and infrastructure projects. Flat steel products, including hot-rolled coils, cold-rolled coils, and coated steel sheets, are essential for construction, automotive, and consumer goods sectors. In construction, flat steel is used for structural components, roofing, and cladding, while the automotive industry relies on it for body panels and chassis parts due to its strength and formability. The segment's growth is fueled by rapid urbanization, infrastructure development, and rising demand in automotive and home appliances. Leading players like Tata Steel, JSW Steel, and SAIL dominate this competitive landscape through technological advancements and product innovation to meet evolving market needs.

India Hot Rolled and Cold Rolled Steel Market Demand

India Hot Rolled and Cold Rolled Steel Market – By Application

On the basis of application, India Hot Rolled and Cold Rolled Steel Market is divided into Automotive, Construction, Appliances, Heavy Equipment, Packaging, and other segments.

India Hot Rolled and Cold Rolled Steel Market – By End User

By end user, India Hot Rolled and Cold Rolled Steel Market is divided into Infrastructure, Building & Construction, Manufacturing, Energy, and other segments.

India Hot Rolled and Cold Rolled Steel Market – By Region

The in-depth research report on India Hot Rolled and Cold Rolled Steel Market covers the market in the country’s major regions: North India, South India, East India, and West India regions. North India holds the highest share of India Hot Rolled and Cold Rolled Steel Market and is expected to maintain its dominance during the forecast period. Northern region, including states like Uttar Pradesh, Haryana, Punjab, Rajasthan, and Delhi, leads the market due to rapid industrialization, infrastructure development, and economic growth. As a major manufacturing hub, North India drives significant demand for steel, particularly in automotive, construction, and engineering sectors. Major infrastructure projects like the Delhi-Mumbai Industrial Corridor (DMIC) and metro expansions also boost steel consumption. Additionally, the region’s proximity to raw material sources and government policies supporting industrial growth strengthen its position as a key player in the steel market.

Competitive Landscape

Major players operating in India Hot Rolled and Cold Rolled Steel Market include Sambhv Steel, Doshi Steel Group, Sonic Steel, Shree Mahalaxmi Steel Industries, JSW Steel, Tata Steel, AM/NS INDIA, V. K. Industrial Corporation Ltd., Jindal Steel & Power Ltd. (JSP), and JSW Steel. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In June 2024 - SAIL announced that it had implemented flexible work arrangements to attract talented professionals, with a goal of hiring 1,000 entry-level employees for the fiscal year 2025.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Billion

Market Coverage

India 

Product/ Service Segmentation

Type, Form, Application, End User, Region

Key Players

Sambhv Steel, Doshi Steel Group, Sonic Steel, Shree Mahalaxmi Steel Industries, JSW Steel, Tata Steel, AM/NS INDIA, V. K. Industrial Corporation Ltd., Jindal Steel & Power Ltd. (JSP), JSW Steel

 

By Type

  • Hot Rolled Steel

  • Cold Rolled Steel

By Form

  • Steel Plate

  • Steel Coil

  • Flat

  • Others

By Application

  • Automotive

  • Construction

  • Appliances

  • Heavy Equipment

  • Packaging

  • Others

By End User

  • Infrastructure

  • Building & Construction

  • Manufacturing

  • Energy

  • Others

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Hot Rolled and Cold Rolled Steel Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Infrastructure development in India
        2. Rapid industrialization across various sectors
        3. Increasing urbanization rate in India
      2. Restraints
        1. Fluctuating raw material prices
        2. Growing concerns about steel production's environmental impact
        3. Shortage of skilled labor in the steel industry
      3. Opportunities
        1. Focusing on producing value-added steel products
        2. Adopting advanced technologies like electric arc furnaces and continuous casting
        3. Investing in sustainable steel production practices
      4. Challenges
        1. Inadequate infrastructure, such as transportation and logistics
        2. Complex regulatory frameworks and bureaucratic procedures
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Hot Rolled and Cold Rolled Steel Market: Marketing Strategies
  5. India Hot Rolled and Cold Rolled Steel Market: Pricing Analysis
  6. India Hot Rolled and Cold Rolled Steel Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Hot Rolled Steel
        2. Cold Rolled Steel
      2. By Form
        1. Steel Plate
        2. Steel Coil
        3. Flat
        4. Others
      3. By Application
        1. Automotive
        2. Construction
        3. Appliances
        4. Heavy Equipment
        5. Packaging
        6. Others
      4. By End User
        1. Infrastructure
        2. Building & Construction
        3. Manufacturing
        4. Energy
        5. Others
      5. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  7. North India Hot Rolled and Cold Rolled Steel Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
      4. By End User
  8. South India Hot Rolled and Cold Rolled Steel Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
      4. By End User
  9. East India Hot Rolled and Cold Rolled Steel Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
      4. By End User
  10. West India Hot Rolled and Cold Rolled Steel Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
      4. By End User
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Hot Rolled and Cold Rolled Steel Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operation Channel Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on India Hot Rolled and Cold Rolled Steel Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Sambhv Steel
    2. Doshi Steel Group
    3. Sonic Steel
    4. Shree Mahalaxmi Steel Industries
    5. JSW Steel
    6. Tata Steel
    7. AM/NS INDIA
    8. V. K. Industrial Corporation Ltd
    9. Jindal Steel & Power Ltd (JSP)
    10. JSW Steel
    11. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1       India Hot Rolled and Cold Rolled Steel Market Segmentation               

Figure 2       India Hot Rolled and Cold Rolled Steel Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2023                                               

Figure 4       India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Figure 5       India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 6       India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Figure 7       India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Figure 8       India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 9       India Hot Rolled and Cold Rolled Steel Market Share, By Region, By Value (USD Billion) 2019–2030

Figure 10     North India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Figure 11     North India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 12     North India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Figure 13     North India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Figure 14     North India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 15     South India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Figure 16     South India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 17     South India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Figure 18     South India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Figure 19     South India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 20     East India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Figure 21     East India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 22     East India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Figure 23     East India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Figure 24     East India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 25     West India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Figure 26     West India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 27     West India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Figure 28     West India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Figure 29     West India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030                                      

 

List of Tables      

Table 1        India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Table 2        India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Table 3        India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Table 4        India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Table 5        India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Table 6        India Hot Rolled and Cold Rolled Steel Market Share, By Region, By Value (USD Billion) 2019–2030

Table 7        North India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Table 8        North India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Table 9        North India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Table 10      North India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Table 11      North India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Table 12      South India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Table 13      South India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Table 14      South India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Table 15      South India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Table 16      South India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Table 17      East India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Table 18      East India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Table 19      East India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Table 20      East India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Table 21      East India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030

Table 22      West India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019–2030

Table 23      West India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019–2030

Table 24      West India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019–2030

Table 25      West India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019–2030

Table 26      West India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019–2030                                      

Table 27      Sambhv Steel Company Overview

Table 28      Sambhv Steel Financial Overview

Table 29      Doshi Steel Group Company Overview

Table 30      Doshi Steel Group Financial Overview

Table 31      Sonic Steel Company Overview

Table 32      Sonic Steel Financial Overview

Table 33      Shree Mahalaxmi Steel Industries Company Overview

Table 34      Shree Mahalaxmi Steel Industries Financial Overview

Table 35      JSW Steel Company Overview

Table 36      JSW Steel Financial Overview

Table 37      Tata Steel Company Overview

Table 38      Tata Steel Financial Overview

Table 39      AM/NS INDIA Company Overview

Table 40      AM/NS INDIA Financial Overview

Table 41      V. K. Industrial Corporation Ltd Company Overview

Table 42      V. K. Industrial Corporation Ltd Financial Overview

Table 43      Jindal Steel & Power Ltd (JSP) Company Overview

Table 44      Jindal Steel & Power Ltd (JSP) Financial Overview

Table 45      JSW Steel Company Overview

Table 46      JSW Steel Financial Overview   

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: India Hot Rolled and Cold Rolled Steel Market is expected to grow at CAGR of 8.5% during the forecast period between 2024 and 2030.
Ans: The growth of India Hot Rolled and Cold Rolled Steel Market is primarily driven by an infrastructure development in India, rapid industrialization across various sectors, increasing urbanization rate in India.
Ans: Key players in India Hot Rolled and Cold Rolled Steel Market include Sambhv Steel, Doshi Steel Group, Sonic Steel, Shree Mahalaxmi Steel Industries, JSW Steel, Tata Steel, AM/NS INDIA, V. K. Industrial Corporation Ltd., Jindal Steel & Power Ltd. (JSP), and JSW Steel.
Ans: The cold rolled steel segment is expected to grow at the fastest CAGR in India Hot Rolled and Cold Rolled Steel Market during the forecast period between 2024 and 2030.
Ans: North India holds the largest market share of India Hot Rolled and Cold Rolled Steel Market.