Forging India's Steel Future

The market for steel casting in India has been demonstrating a progressive growth due to the constant industrialization, infrastructural development, and the rising demand in numerous fields. Such an increase is supported by the government’s mega projects that are intended to enhance the local content manufacturing and infrastructure. One of the more significant sources of this growth has been the automotive industry. With India emerging as the largest automobile manufacturing destination, the demand of steel castings used in engine blocks, transmission parts and other vital components has risen. In addition, the renewable energy industry especially the wind power industry depends on steel castings for the manufacture of wind turbines boosting the market’s growth path. Another important factor is the emerging construction industry. The process of urbanization is increasing at an astonishing rate and therefore there is a proportional increase in the construction of residential, commercial, and industrial buildings. This is because the steel castings are crucial in developing structures that are strong and long lasting, thus driving the market.

Sophistication in casting methods has also proved to be another strong factor. Advancements like 3D printing and automation have enhanced the productivity and quality of steel castings hence becoming appealing to the final consumer. It also ensures that there is accuracy and minimizes on wastage hence making it cost effective and sustainable. Also, the Indian steel casting market enjoys the strong supply of the raw material and skilled human resource.

In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.