India's structural steel market set for expansion: JSW Steel

India's shift to faster, greener construction has been on the rise leading to greater demand for steel

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How is demand for steel structures evolving across construction segments in India, and which segments are driving this growth? Please share market size estimates.

Steel structures are gaining traction in India due to speed and efficiency, sustainability and recyclability, urbanisation and policy push, coupled with industrial growth. The structural steel market is expected to reach US$10,800 million by 2030, with a compound annual growth rate of 7.6% from 2025 to 2030.

Growth is driven by infrastructure (airports, metro stations, transmission towers, bridges and power projects), industrial construction (warehouses, factories and logistics hubs adopting steel-intensive PEB), commercial construction (data centres, high-rises, malls and offices), and residential construction where prefabricated and modular steel homes are emerging. Over the next five to seven years, I see double-digit growth in PEBs at about 11–12% and steady structural steel fabrication growth of around 7–8%.

What new steel products or technologies are making construction faster and more efficient?

Key innovations include light gauge steel framing, PEB with modular construction, demountable or reusable steel-framed systems, advanced structural elements like cellular beams, precast construction solutions with steel framing, LRPC, buckling-restrained braces, and composite or sandwich steel systems such as SPS.