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The Indian steel A553 Type II steel industry is experiencing a period of rapid growth, with the industry's crude steel production capacity climbing to 205 million tons per year in the 2025 fiscal year, an increase of 10% from 186 million tons in the 2024 fiscal year, and doubling the ten-year production capacity from 109 million tons in the 2015 fiscal year. Industry analysis indicates that this growth momentum mainly stems from rapid economic development, accelerated urbanization, and sustained investment in the infrastructure sector.
The current expansion of A553 Type II steel production capacity is showing a trend of synchronous promotion in both the public and private sectors, with leading enterprises continuing to increase their efforts. Major producers such as JSW, Tata Steel, and SAIL are actively enhancing their supply capacity through technological upgrades and equipment expansion. Industry forecasts suggest that the Indian steel industry is expected to add 13 million tons of production capacity by 2025, with companies such as JSPL and AM/NS India disclosing more aggressive expansion strategies.
The production structure has been deeply adjusted, and traditional smelting processes are showing a trend of recovery. As of the fiscal year 2025, blast furnace capacity increased by 17% year-on-year to 88.5 million tons per year, induction furnace capacity increased by 9% to 74 million tons per year, and electric arc furnace capacity remained stable at 43 million tons per year. The annual steel production of the entire industry increased by 6% year-on-year to 152 million tons, and the capacity utilization rate continued to improve.
Despite the strong momentum of capacity expansion, the market is facing hidden concerns about structural imbalances. Industry analysis suggests that the current capacity growth rate may exceed demand growth, or it may trigger a temporary oversupply, leading to downward pressure on steel prices and pressure on corporate profit margins. Combined with the rise of global trade protectionism, the expansion of export markets is facing policy uncertainty challenges.
According to statistics, in the first 11 months of the 2024/2025 fiscal year (April 2024 February 2025), India's crude steel production reached 138.21 million tons, a year-on-year increase of 5.2%; The production of rolled steel increased synchronously by 5% to 132.89 million tons. The demand side has shown strong performance, with domestic steel consumption rising by 11.3% year-on-year to 137.82 million tons. However, the import and export pattern has significantly differentiated: finished steel exports have shrunk by 33.7% year-on-year to 4.4 million tons, while imports have increased by 15.8% year-on-year to 8.98 million tons, highlighting the market characteristics dominated by domestic A553 Type II steel demand.
