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Iron and steel industry in India
The Iron and Steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019.[1] As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Majority of the steel companies such as Jindal Stainless, JSW Steel, Bhushan Steel, Lloyd's Metal etc. were established in the 1970s and 1980s.[2] The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.[3]
As per the industry body Indian Steel Association (ISA), India's total installed steel-making capacity was 154 MT as of March 2023.[4]
- ^ "Steel production of India". Archived from the original on 11 April 2023.
- ^ "Jindal Steel & Power Ltd Company Summary | India Infoline". Archived from the original on 1 June 2023. Retrieved 1 June 2023.
- ^ "Setting up of Steel Plant". pib.gov.in. Archived from the original on 24 September 2022. Retrieved 24 September 2022.
- ^ "Around 40 MT new steel capacity to be commissioned in India by FY26: Assocham". The Economic Times. 25 May 2023. Archived from the original on 12 June 2023. Retrieved 12 June 2023.
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