New Delhi, Oct. 5 -- India's steel consumption is expected to grow 7-8 per cent or more in the coming years, supported by strong domestic demand, while rising global tariffs and trade barriers make greater localisation of supply chains and investment in domestic manufacturing "inevitable," Tata Steel CEO and Managing Director T.V. Narendran said.

Speaking to ANI on the sidelines of IFQM (Indian Foundation for Quality Management) Symposium 2026, the Tata Steel CEO said changes in GST have helped drive growth in the automobile sector, while construction demand, particularly from industrial projects and infrastructure, has remained strong.

He also pointed to more balanced growth across urban and rural markets, which could support steel con...