Comment on development of iron and steel industry in India.
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India was the world’s second-largest steel producer at with production standing at 106.5 MT in 2018. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output.
The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous modernisation and up-gradation of older plants and higher energy efficiency levels.
Indian steel industries are classified into three categories such as major producers, main producers and secondary producers.
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The iron and steel industries are among the most important industries in India. During 2014 through 2016, India was the second largest producer of raw steel[1] and the largest producer of sponge iron in the world. The industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most iron and steel in India is produced from iron ore.[2]
Policy for the sector is governed by the Indian Ministry of Steel, which concerns itself with coordinating and planning the growth and development of the iron and steel industry, both in the public and private sectors; formulation of policies with respect to production, pricing, distribution, import and export of iron and steel, ferro alloys and refractories; and the development of input industries relating to iron ore, manganese ore, chrome ore and refractories etc., required mainly by the steel industry.
Most of the public sector undertakings market their steel through the Steel Authority of India (SAIL). The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.
The iron and steel industry in India is organised into three categories: main producers, other major producers, and secondary producers. In 2004-05, the main producers i.e. SAIL, TISCO and RINL had a combined capacity of around 50% of India’s total steel production capacity and production. The other major producers — ESSAR, ISPAT and JVSL — account for around 20% of the total steel production capacity.
The iron and steel industries are among the most important industries in India. During 2014 through 2016, India was the second largest producer of raw steel[1] and the largest producer of sponge iron in the world. The industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most iron and steel in India is produced from iron ore.[2]
Policy for the sector is governed by the Indian Ministry of Steel, which concerns itself with coordinating and planning the growth and development of the iron and steel industry, both in the public and private sectors; formulation of policies with respect to production, pricing, distribution, import and export of iron and steel, ferro alloys and refractories; and the development of input industries relating to iron ore, manganese ore, chrome ore and refractories etc., required mainly by the steel industry.
Most of the public sector undertakings market their steel through the Steel Authority of India (SAIL). The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.
The steel industry in India was de-licensed and decontrolled in the years 1991 and 1992 respectively. In 2014-15, production for sale of total finished steel (alloy + non-alloy) was 91.46 million tonnes, a growth of 4.3% over 2013-14. Production for sale of pig iron in 2014-15 was 9.7 million tonnes, a growth of 22% over 2013-14. India is the largest producer of sponge iron in the world with the coal-based route accounting for 90% of total sponge iron production in the country. Data on production for the sale of pig iron, sponge iron and total finished steel (alloy + non-alloy) are given below for last five years.
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