[SMM Stainless Steel Flash] ISSDA & GSSE Alliance Targets Stainless Steel Clean Energy Growth

Published: Jul 22, 2026 10:05

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India's stainless steel market is projected to reach approximately US$15.8 billion by 2030, growing at 9.1% annually, though domestic plants currently operate at only 60–65% of their 7.5 million-tonne capacity, with 25–28% of local demand supplied by imports — primarily from China. ISSDA President Rajamani Krishnamurti stated that stainless steel is indispensable for India's clean energy ambitions, including green hydrogen, ammonia handling, and ethanol production, positioning the country for potential leadership in specialized stainless steel manufacturing. To capture this opportunity, ISSDA has partnered with the Global Stainless Steel Expo (GSSE) to organize technical conferences and buyer-seller meets across infrastructure, mobility, and renewable energy sectors, while renewing calls for a National Stainless Steel Policy to secure domestic raw material supply.

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