Track Stainless Steel Price in India at CostMasters
Stainless Steel Price
The recently released government data indicates a Compound Annual Growth Rate (CAGR) of 4.36% in total finished stainless steel consumption over the past five financial years, highlighting the growing demand across sectors due to its sustainability, longevity, and affordability. The government's proactive measures, such as the Production Linked Incentive (PLI) Scheme for specialty steel and the Domestically Manufactured Iron & Steel Products (DMI & SP) Policy, have created a conducive environment for industry growth. Anubhav Kathuria, Director of Synergy Steels, noted that these initiatives have been instrumental in fostering development. Looking ahead, the stainless steel market in India is expected to grow at a CAGR of 8.80% from 2024 to 2032, driven by transition finance for cleaner technologies. For current insights into stainless steel price in India, the website CostMasters provides valuable information on pricing trends and market analysis.
Source: Business Standard
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CostMasters
CostMasters operates as a research, outsourcing and consulting service provider in India. We have domain expertise in Product Cost Management services including Raw Material Price Tracking, Cost Estimation Software & Services.
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