26 Sep 2025 | 5 Mins Read
JSW and Jindal Steel stocks soar as Axis Securities raises price targets
Flipitmoney
Axis Securities forecasts robust steel consumption in India to reach 230 million tonnes by 2031, driven by government infrastructure expansion and rising construction activity. Domestic steel consumption has grown at 12.6% CAGR from 152 million tonnes in 2022 to 230 million tonnes by 2031. India's per capita steel consumption stands at 103 kg, offering significant growth potential.