Indian Steel Industry










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SteelINDIAN STEEL INDUSTRY AT A GLANCE IN 2019 - 2020 Steel



India became the second largest steel producer of crude steel in 2019 with steel production at 111.2 MT. India was the world’s second-largest steel producer with production standing at 106.5 MT in 2018.
The steel sector has been a major contributor to India’s manufacturing output. India’s steel production capacity has expanded to 137.975 million tones in FY19. India surpassed Japan to become the world’s second largest steel producer in 2019, with crude steel production of 111.2 million tonnes.


2019-2020 Indian Steel Industry

Market Size

India’s finished steel consumption grew at a CAGR of 7.5 per cent during FY08-FY19 to reach 97.54 MT. India’s crude steel and finished steel production increased to 106.56 MT and 131.57 MT in 2018-19, respectively. In FY20 (till February 2020), crude steel and finished steel production stood at 100.78 MT and 94.01 MT respectively.
During 2019, 6.36 MT of steel was exported from India. Exports and imports of finished steel stood at 7.78 MT and 6.39 MT, respectively, in FY20P (up to February 2020).

Investments

According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), the Indian metallurgical industries attracted Foreign Direct Investments (FDI) to the tune of US$ 11.45 billion in the period April 2000–December 2019.

Industry Forecast

The National Steel Policy of 2017, has envisaged 300 million tonnes of production capacity by 2030-31. The per capita consumption of steel has increased from 57.6 kg to 74.1 kg during the last five years.
As per Indian Steel Association (ISA), steel demand is to grow by over 7.2 per cent in both 2019-20 and 2020-21.

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2018 - 2019

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2017 - 2018

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2016 - 2017

Steel  INDIAN Steel INDUSTRY AT A Glance IN 2015 - 2016

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)

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