Indian Steel Industry: A Comprehensive Overview
India has firmly established itself as a global leader in the steel industry, ranking as the world’s second-largest producer of crude steel and the largest producer of sponge iron. With a crude steel production capacity of 179.5 million tonnes (MT) and sponge iron production at 60.5 MT during FY 2023-24, the sector serves as a critical pillar of the country’s economic framework.