India's demand for stainless steel to grow 7-8% Y-o-Y over next 2-3 years: ISSDA

India's stainless steel demand is set to rise by 7-8 percent annually for the next three years. Consumption reached 4.8 million tonnes in FY25, growing about 8 percent. Opportunities lie in railways, tunnels, ports and airports. Government capex is boosting infrastructure. India is the second largest consumer of stainless steel globally. The construction market is expected to reach USD 1.