Trade Analytics
India is expected to become the second-largest steel producer in the world by 2016.

Steel Manufacturing Companies in India

Latest update: August, 2013

Steel demand has outpaced supply over the last five years

  • In FY15, the consumption of finished steel grew to 76.99 MT while the CAGR increased to 5.74 per cent during FY08-15
  • Driven by rising infrastructure development and growing demand for automotives, steel consumption is expected to reach 104 MT by 2017
  • It is expected that consumption per capita would increase supported by rapid growth in the industrial sector, and rising infra expenditure projects in railways, roads & highways, etc.
  • For FY15, per capita consumption of steel in India was 60 kg against the world average of 222 kg

Demand supply gap resulting in increased imports

  • With growth in demand for steel outpacing growth in domestic production over the last few years, imports have increased
  • India was a net importer of steel till FY13, but turned a net exporter of the same in FY14. In 2015, India imported 9.32 MT of steel while exports declined to 5.59 MT in FY15 from 5.98 MT during 2013-14
  • During FY11-15, import of steel grew at a compounded annual rate of 9.01 per cent, whereas, exports increased at a CAGR of 11.32 percent
  • Total domestic demand for steel is estimated at 113.3 MTPA by 2016-17


Vedanta Resources

Vedanta Resources is a London Stock Exchange listed, globally diversified natural resources major with interests in Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Power and Oil & Gas. Our exploration portfolio from all the four continents that we operate in, follows a history of consistent geological discovery. With a business model of growth, c...

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Facor Steels Ltd

Facor Steels Ltd is a leading carbon, alloy, stainless and special steel manufacturer in central India with varied and broad product range, having the most modern state-of-the-art steel processing and quality assurance technologies. It has established updated and modernized manufacturing facilities for achieving consistency of product quality to ...

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Bajaj Steel Industries Ltd

Bajaj Steel Industries Ltd is counted among the reputed manufacturers, exporters and suppliers of cotton processing equipment, fully automatic ginning plant, cotton bale wire ties, double roller ginning machine spare parts, electrical panels, gear blanks, head spigot, steel reels, turbine housings, winder cam, windmill shafts, manifold blocks, hydr...

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Visa Steel Ltd

Visa Steel Ltd is a flagship company of the Visa Group, which has business interests in steel, power, cement, international trading and urban infrastructure etc. Visa Steel is a leading player in the special steel, ferro chrome and metallurgical coke business in India. It has its registered office in Bhubaneswar; corporate office in Kolkata and...

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MSP Group

MSP Steel & Power Ltd was incorporated in the year 1968. The MSP group is now a Rs 2700 crore (US$ 436.02 million) turnover enterprise with a wide range of products and a pan India presence. In the year 2002 the company set up an integrated steel plant at Raigarh, Chhattisgarh. Today it is an integrated steel plant with backward integrated facili...

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Mahamaya Steels Industries Ltd

Mahamaya Steels Industries Ltd is a major force in the Indian Industrial scenario. It has 26" and 28" structural mills and has capacity to produce 355000 MT Structural Steel and steel melting shop with CCM to produce equal quantity of billet/bloom per annum. The company constantly pursues excellence with keen customer focus and providing their dem...

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Kirloskar Ferrous Industries Ltd

Kirloskar is a US$ 1.20 billion engineering conglomerate driving critical industries. They are century old pioneers in our areas of specialization like power, construction and mining, agriculture, industry and transport, oil and gas and environment protection with a range of world-class industrial products and turnkey services. They are made up ...

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National Mineral Development Corporation (NMDC) was incorporated in 1958 as a Government of India fully-owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. Since its inception, the company has been involved in the exploration of a wide range of minerals, including iron ore, copper, roc...

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Tata Steel

Tata Steel was founded in 1907 by Mr J N Tata. It started as Asia's first integrated private sector steel company and presently is among the top ten global steel companies with an annual crude steel capacity of nearly 30 million tonnes per annum (MTPA). It is now the world's second-most geographically-diversified steel producer with opera...

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Rashtriya Ispat Nigam

Rashtriya Ispat Nigam Ltd (RINL) is the corporate entity of Visakhapatnam Steel Plant and is a Navratna PSE under the Ministry of Steel, Government of India. Visakhapatnam Steel Plant, also known as Vizag Steel is the first shore based integrated steel plant in the country and is known for its quality products and customer delight. It is a market l...

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JSW Steel

Jindal South West Steel or JSW Steel is the flagship company of the JSW Group. Originally starting off from a single steel mill in 1982, JSW steel is now a US$ 9 billion global conglomerate spread over six locations in India and with a footprint that extends to the US, South America and Africa. JSW Steel is a testament to decades of experience ...

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Bharat Aluminium Co Ltd (BALCO) was incorporated in 1965 as a Public Sector Undertaking (PSU). Since then, the company has been closely associated with the Indian aluminium industry, in a pivotal role. BALCO has a partially integrated operation with its own captive bauxite mines, refinery and smelters, producing primary aluminum and also has 810 me...

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Metals & Minning-Sesa Goa

Sesa Goa Ltd is a subsidiary of Vedanta Resources Plc, the London listed FtSe 100 diversified metals and mining major. The company is India’s largest producer and exporter of iron ore in the private sector (except in FY 2013). Iron ore mining operations are carried out in Goa and Karnataka. The Company also manufactures pig iron and metallurgica...

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Steel Authority of India Ltd (SAIL) is the largest steel-making company in the country. It is fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets. SAIL is also among the seven Maharatnas of the countr...

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Bhushan Steel

Incorporated in 1989, Bhushan Steel is a leading integrated steel and power producer in India. It is India’s third largest Secondary Steel Producer Company with an existing steel production capacity of 2 million tonnes per annum (MTPA). The company’s manufacturing facilities are strategically located as regards proximity to customers, raw mate...

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Coal India Ltd (CIL) as an organised state-owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. It had a modest production of 79 million tonnes (MT) at the year of its inception; today, CIL is the single largest coal producer in the world. Operating through 81 mining areas, CIL is an apex...

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Jindal Steel and Power Ltd

Jindal Steel and Power Ltd Jindal Steel and Power Ltd (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure. With an annual turnover of over US$ 3.6 billion, JSPL is a part of the US$ 18 billion diversified O P Jindal Group and is consistently tapping new opportunities...

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Brand India Pharma


India is tyhe world's largest producer of crude steel, and is currently doubling its production capacity.

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Brand India Pharma

IBEF Publications

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