Steel remains the backbone of Indian manufacturing due to its strength, durability, and versatility, which consistently outperform alternative materials like aluminum, plastic, and composites. One major factor that contributes to steel’s dominance is the competitive pricing of steel sheets in the market. Despite fluctuations in steel sheet prices, the cost-effectiveness of steel in terms of long-term performance and sustainability makes it a preferred material for industries ranging from construction to automotive. Alternatives, while offering certain benefits such as lightweight properties or specific use cases, often fall short in areas like structural integrity and recyclability.
Indian manufacturers also favor steel for its availability, vast production infrastructure, and adaptability to various fabrication processes. The ability of steel to withstand harsh environmental conditions, resist wear, and maintain its properties over time further strengthens its position. As steel sheet prices continue to offer value despite global economic shifts, steel is expected to maintain its prominence in the Indian manufacturing landscape for years to come.