India Becomes Second Largest Steel Producer in the World (Download PDF)

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India has become the second largest stainless steel producer in the world after China. India overtook Japan as the second-biggest producer in 2016 according to data released by the International Stainless Steel Forum (ISSF)

Image of the steel product

Image of the Steel Product

Image of the steel product

Highlights:

  • The International Stainless Steel Forum (ISSF) is a non-profit research and development Organisation which was founded in 1996
  • India’s stainless steel production rose to 3.32 million tonne for 2016
  • Growth of about 9 per cent over 3 million tonnes in 2015
  • ISSDA urges continuous policy support from the government to take the Indian stainless steel industry to newer heights
  • ISSDA will continue to work with all stakeholders to promote stainless steel based solutions for sustainability and growth
  • National Steel Policy released by Ministry of Steel will give impetus for long term benefits

Iron and Steel Industry in India:

  • The iron and steel industry is one of the most important industries in India
  • 2014 through 2015, India was the third largest producer of raw steel and the largest producer of sponge iron in the world
  • There are two types of steel plants

    • Mini steel plants
    • Integrated steel plants
  • The industry produced 91.46 million tons of total finished steel and 9.7 million tons of pig iron
  • Most iron and steel in india is produced from iron ore
  • Most of the public sector undertakings market their steel through the steel authority of india
  • The iron and steel industry in india is organized into three categories
Image of the steel industry into three categories

Image of the Steel Industry into Three Categories

Image of the steel industry into three categories

- Published/Last Modified on: May 26, 2017

Economy

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