steel sector of india in 2015

Steel sector trends

 

  • India is currently the 3rd largest producer of crude steel in the world as against its 8th position in 2003.

 

  • India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or Sponge Iron.

 

  • The steel sector contributes nearly 2% of the country’s GDP and employs over 6 lakh people.

 

  • The per capita consumption of total finished steel in the country has risen from 54.9 kg in 2010-11 to 60.8 kg in 2014
    • Export of total finished steel (alloy + non-alloy) during 2014-15 stood at 5.59 million tonnes while import of total finished steel (alloy + non-alloy) during the same year stood at 9.32 million tonnes.

     

    • India was a net importer of total finished steel in 2014-15.
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