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Indian Steel Industry

Given easy availability of economical price of of raw materials, Skilled manpower and the various incentive schemes, the Indian exporters have immense opportunities not only to increase their share in the existing markets but also to diversify into other markets. The abundant availability of raw materials like iron ore and cheap manpower makes India as a formidable steel and iron ore supplier in the world.

India Steel Industry At Glance
India is the 8th largest producer of steel in the world.
Price regulation of iron & steel was abolished on 16.1.1992.
In 2003-04, finished steel production was 36.193 million tonnes.
Pig iron production in 2003-04 was 5.221 million tonnes.
Sponge iron production was 8.085 million tonnes during 2003-04.
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