HEADLINES:  

India ranked as the fourth largest producer of crude steel in the world during January-November 2011 after China, Japan, and the USA. After a sharp increase in world consumption of finished steel in 2010, the consumption slowed down to 6.5 per cent for 2011 and 5.4 per cent in 2012 as per World Steel Association estimates.

The country has also been the largest sponge iron producer in the world since 2002. Domestic crude steel production grew at a compounded annual growth rate (CAGR) of 8.4 per cent during 2006-7 to 2010-11.

The increase in production is driven by 8.8 per cent growth in crude steel capacity mainly in the private-sector plants and high utilization rates during this period.

The Indian steel industry has diversified its product mix to include sophisticated value-added steel used in the automotive sector, heavy machinery, and physical infrastructure.

  INDIAN Steel INDUSTRY AT A Glance IN 2012 - 2013

  The Association of Indian Forging Industry (AIFI)

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