2nd Largest Producer of Crude Steel in the world

  • India has emerged as the second-largest producer of crude steel globally, surpassing Japan in 2018 and 2nd largest consumer of finished steel.
  • Crude steel production grew at 4.2% annually (CAGR) from 103.13 MT in 2017-18 to 120.29 MT in 2021-22.
  • Steel is a key sector for the Indian economy (responsible for 2% of the country’s GDP in FY 21-22),