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.