Steel Sector In India

A strong groundwork for manufacturing, a mixture of private and public sector investment, and an ever-increasing industrial demand has seen the steel sector in India generate tremendous interest, with no signs of slowing down.

The steel sector has welcomed gracious public policy support. Local production of steel has been heavily promoted via the National Steel Policy 2017 by the Government Of India, where there are ambitious plans to ensure that India maintains its status as one of the world’s top steel producers. This has propelled a series of projects and investments for new and existing market entrants.

The Opportunity

With an imminent year-on-year boost provided to the infrastructure sector, the Indian steel industry has opened multiple new avenues for companies looking to set up steel manufacturing plants or engage in steel-related trade in India.

From a market standpoint, the potential of the steel manufacturing in India can be highlighted via the following statistics:

0nd
Largest steel-producing country in the world
0.31
Million ton of steel produced from Jan-Oct 2019
0.57
Million ton of gross finished steel produced in FY19

Insights

Stay updated with our insights and expert opinions on significant aspects of doing business in this sector as well as key policies issued by the governing authorities that impact the sector

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