India Steel Sector Report Q1 FY2024

The Indian steel sector stands as a cornerstone of the nation's economy, playing a pivotal role in industrial development. Its robust contribution to employment, both directly and through backward and forward linkages, underscores its significance. With substantial investments, advancements in technology, and a favorable policy landscape, the sector not only meets domestic demands but also contributes significantly to India's global standing in the steel market. The industry's dynamic growth reflects its integral role in fostering economic development, infrastructure expansion, and job creation. In 2022, India remains the 2nd largest producer of Crude Steel in the world, as per the World Steel Association (WSA). India is also a leading producer of Sponge Iron with a host of coal-based units located in the mineral-rich States of the country. Over the years, the coal-based route has emerged as a key contributor and accounted for 78% of total sponge iron production in the country in 2021. India has been the world's largest sponge iron producer every year since 2003. India is also an important producer of Pig Iron. With setting up of several units in the private sector during the period of post-liberalisation, imports have reduced and India has turned out to be a net exporter of Pig Iron.

This report provides a complete and detailed analysis of the "Metals and mining" sector for India. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Metals and mining" sector in India
• Crystallise the forces both driving and restraining this sector in India
• Ascertain India’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in India.
• Build a clear picture of trends, output and consumption for specific sub-sectors