Indian Steel Industry



India is expected to become the second-largest steel producer in the world by 2016. In FY2015, the consumption of steel grew to 76.99 MT while the CAGR increased to 5.74 per cent during FY08-15. Rising infrastructure development and growing demand for automotives, the steel consumption in India is expected to reach 104 MT by 2017 For FY15, per capita consumption of steel in India was 60 kg against the world average of 222 kg

India is the world's third-largest producer of crude steel and is expected to become the second-largest producer in year 2016. India's crude steel capacity reached 109.85 Million Tonnes (MT) in 2015, a growth of 7.4 per cent. Production of crude steel grew by 8.9 per cent to 88. 98 MT. Total finished steel production for sale increased by 5.1 per cent to 92.16 MT. Consumption of total finished steel increased 3.9 per cent to 76.99 MT.

Indian Steel Industry in 2015-2016

The steel sector in India contributes nearly two per cent of the country's gross domestic product (GDP) and employs over 600,000 people. India's steel consumption for FY 2015-16 is estimated to increase by 7 per cent, higher than 2 per cent growth last year, due to improving economic activity as per an Industry report.

According to the data released by Department of Industrial Policy and Promotion (DIPP), the Indian metallurgical industries attracted Foreign Direct Investments (FDI) to the tune of US$ 8.7 billion, respectively, in the period April 2000-September 2015.

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2014 - 2015

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2013 - 2014

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2012 - 2013

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2011 - 2012

Steel  The Association of Indian Forging Industry (AIFI)

Indian Industry  back to steel INDUSTRY