Executive Summary

• Domestic Stainless Steel demand is expected to touch 20MT by 2047. This will mean a sustained CAGR of 7.2% and par capital consumption growth from 2.5kg to a more global average of 8-9 kg
• The industry is currently working at approx. 60pc of its installed capacity of 6.8MT which does indicate for comfortable growth for a while but also indicates for a need for expansion in short to mid term
• Achieving the aspirational numbers would entail optimizing current capacities and capabilities and gradually developing newer ones to not only capture the emerging demand but also stay relevant
• Challenges like sustainability, increasing input costs, the need to create new markets, technological upgrades will continue to put pressure
• This necessitates the need for a platform where the industry can converge to share & learn from peers, identify new partnerships, attract investments, tap new customers and adopt technologies that can help increase efficiencies and enhance profitability