India Hot Rolled & Cold Rolled Steel Market Size, Share, Industry Trends, Growth and Report 2025-2033

Written by Rahul Kumar » Updated on: April 07th, 2025

India Hot Rolled & Cold Rolled Steel Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 56.73 Million

Market Forecast in 2033: USD 91.41 Million

Market Growth Rate (2025-2033): 5.04%

The India hot rolled & cold rolled steel market size reached USD 56.73 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 91.41 Million by 2033, exhibiting a growth rate (CAGR) of 5.04% during 2025-2033. The India hot rolled and cold rolled steel market is driven by large-scale infrastructure projects, rapid urbanization, government initiatives like the National Steel Policy and PLI scheme, rising automotive and construction demand, technological advancements in steel manufacturing, and growing domestic consumption fueled by industrial expansion and economic development.

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India Hot Rolled & Cold Rolled Steel Market Trends and Drivers:

In India, the hot rolled and cold rolled steel market is growing significantly, owing to enhanced infrastructural development and industrialization across India. The government is keenly focusing on developing high-quality steel for the construction, automotive, and manufacturing sectors due to its fervent initiatives like Smart Cities Mission and Atmanirbhar Bharat. Hot rolled steel is popularly used in structural applications due mainly to its durability and cost-effectiveness, while cold rolled steel is being adopted for automobile bodies and consumer appliances due to its finish and dimensional accuracy. Apart from this, the ever-increasing foreign investments in India in the manufacturing sector are providing a further thrust for the two steel grades, thereby promising continued growth of the market.

Technological innovations in steel production are a decisive factor influencing the India hot rolled & cold rolled steel market. Manufacturers are utilizing energy-efficient processes and automated techniques to improve product quality and reduce environmental impact. The green steel transition, underpinned by sustainability mandates, is accelerating innovations in recycling and low-emission production methods. Additionally, increased interest from the automotive industry in lightweight high-strength steels has further fueled demand for cold rolled variants, particularly for electric vehicle (EV) manufacturing. Steel producers are positioning themselves with the shifting landscape of a shifting automotive hub in India.

Another major factor contributing to the growth of the India hot rolled & cold rolled steel market is the growing consumer electronics and appliances industry. Demand for refrigerators, washing machines, and other durable goods that use cold rolled steel for its looks and corrosion-resistant finishes is being driven by a growing middle-class population and rising disposable incomes. Transference of hot rolled steel consumption is under construction, running tide with the big projects like metro rail expansions and highway developments. With enlarging urbanization and increasing industrial output, the market will be back in steadily upward mode, creating lucrative opportunities for both Indian and global steelmakers.

India Hot Rolled & Cold Rolled Steel Market Industry Segmentation:

Product Insights:

• Hot Rolled Steel

• Cold Rolled Steel

Form Insights:

• Steel Plate

• Steel Coil

• Flat

• Others

Application Insights:

• Automotive

• Construction

• Steel Pipe

• Shipping

• Machinery and Equipment

• Industrial

• Others

Regional Insights:

• North India

• South India

• East India

• West India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=31116&flag=C

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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