Tag: stainless steel demand 2047

India: Stainless steel capacity to hit 20 mnt by CY’47 – ISSDA

Jan 10, 2025

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by

Neha TU

in Stainless Steel

According to Indian Stainless Steel Development Association (ISSDA), India’s stainless steel capacity, at 7.5-7.7 mnt in CY’24, is set to reach 20 mnt by CY’47, driven by demand from construction, infrastructure, and manufacturing. Per capita consumption is expected to rise from 2.5 kg to 12 kg by CY’47. Additionally, Jindal Stainless plans to add capacity…