How India’s steel market is shifting from raw steel to customised products

India’s steel market is moving rapidly from raw steel supply toward precision-engineered, value-added products. The country is leading the shift in customised cold rolled tubes and profiles with a 7.8% compound annual growth rate (CAGR), slightly above the global metal forming market’s 7.5% growth. The change is being driven by urbanisation, large construction projects, electric vehicle adoption, and renewable energy

expansion.
Growing demand for customised steel
Industries across India are seeking more than basic steel. Manufacturers now prefer ready-to-assemble, precision-engineered components that help reduce costs, improve safety, and shorten production timelines.

“Industries today demand more than raw steel. They seek ready-to-assemble, precision-engineered components that guarantee safety, reduce costs, and shorten production timelines. India has the expertise and scale to deliver these value-added solutions globally,” said Santosh Venkatasubbaiah, Director, Sales & Marketing at Bengaluru-based Mother India Forming, which manufactures customised cold rolled tubes, profiles, and components.