Steel demand decreased during Corona outbreak: In 2020, India’s steel consumption was 88.5 million tonne (MT) which is 12% less than 2019 (100 MT). It is due to the impact of the coronavirus pandemic, closely connected with economic growth. Steel dependent industries like Automobile, Construction, Machinery are affected majorly during the crisis which leads to a reduction of the steel demand in India. Steel demand grows post-lockdown 2020: After the…
Read MoreHistory of Indian Steel Industry
The Iron and Steel industry is one of the largest industries in India and has a significant impact on the Indian economy. India was the 3rd largest producer of raw steel for three consecutive years, from 2014 to 2016. Iron and steel industry is at the core of globalization and is one of those industries which have direct or indirect ties with every other industry. These metals are used in…
Read More