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India Structural Steel Fabrication Market Companies Summary

The Indian structural steel fabrication sector, despite being impacted by Covid-19, has shown resilience. This industry, which is a crucial part of the economy, provides direct and indirect employment to a significant number of people. It is anticipated to experience substantial growth due to factors such as increasing demand from the manufacturing sector, a rising preference for pre-engineered buildings and components, and government initiatives for infrastructure development. However, challenges such as rising steel prices and governmental regulations on steel manufacturing pose potential hurdles for the market. The market's growth is also being fueled by the booming commercial building sector and the Indian government's initiatives, such as increasing construction of green buildings and smart cities. The National Steel Policy was implemented to promote industry development and extend global benchmarks. The increasing demand for pre-engineered buildings and components, and the rise in manufacturing plants and infrastructure development activities in India, are expected to drive the structural steel fabrication market. Furthermore, the market is fragmented, with many small and medium-sized players operating in it.