India’s steel market shifts from raw steel to customised value-added products

India’s steel industry is witnessing a significant pivot: instead of bulk raw steel, firms are increasingly shifting focus to precision-engineered value-added items like cold-rolled tubes and profiles. The segment is growing at a ~7.8% CAGR, outpacing the global ~7.5% average. :contentReference[oaicite:0]{index=0} Key drivers include urbanisation, large infrastructure builds, EV adoption and renewables expansion. For manufacturing companies, this means rising demand for higher-grade input steel and associated supply-chain upgrades – but also margin pressures if input costs climb for the upgraded product mix.