Steel
India became world's third largest crude steel producer in 2017.

Indian Steel Industry Analysis

Latest update: October, 2018

Growth

 

Last Updated: October, 2018

India is the third-largest crude steel producer in the world. In FY18, India produced 104.98 million tonnes (MT) of finished steel. Crude Steel production during 2017-18 stood at 103.13 MT. Crude steel production reached 44.09 MT during Apr-Aug 2018(P).

Exports and imports of finished steel stood at 1.35 MT and 1.89 MT, during Apr-Jun 2018.

Steel consumption is expected to grow 7.5 per cent year-on-year to 95.4 MT in 2018. India’s steel production is expected to increase from 103.13 MT in FY18 to 128.6 MT by 2021. The Government of India has allowed 100 per cent foreign direct investment (FDI) in the steel sector under the automatic route.

India’s per capita consumption of steel grew at a CAGR of 3.96 per cent from 46 kgs in FY08 to 65.25 kgs in FY17. The figure stood at 68 kgs during April-February 2017-18. National Steel Policy 2017 seeks to increase per capita steel consumption to the level of 160 kgs.

Note: kg - kilograms

Indian Steel Industry Report (October, 2018)
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Indian Steel Industry Report (September, 2018)
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Click to access the Steel Industry Archived Report

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