Iron and steel industry in India
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The Iron and Steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019.[1] As per worldsteel, India's crude steel production in 2018 was at 106.5 tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Majority of the steel companies such as Jindal Stainless, JSW Steel, Bhushan Steel etc. were established in the 1970s and 1980s.[2] The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.[3]
As per the industry body Indian Steel Association (ISA), India's total installed steel-making capacity was 154 MT as of March 2023.[4]