Janki Metal Strips Private Limited However, it has a very low per capita consumption of steel of around 46 kgs as against an average of 198 kgs of the world. This wide gap in relative steel consumption indicates that the potential ahead for India to raise its steel consumption is high. Going forward, we remain apprehensive about the continuation of the strong performance by steel companies. Being a core sector, steel industry tracks the overall economic growth in the long term. We believe that volume growth would be visible in the years to come, largely due to the continuation of infrastructure spending (including housing), strong demand from the auto sector.