Iron and steel industry plays a vital role in the Indian economy with steel contributing in a major way to the manufacturing industry as well. Availability of raw iron ore and cheap labour have driven growth in this industry.
Due to increasing efficiency levels of energy and regular upgradation and modernization of old plants, India possesses a modern Iron and Steel industry with advanced and subtle steel mills. While the government has undertaken a number of initiatives for this sector, there has also been an influx of investments in this area.
The common sub-sectors of this industry are Ferro Alloys & Steel, Coke Making & Agglomeration, Electrical Maintenance, Mechanical Maintenance and Raw Material Handling, Iron Making, Steel Making, Hot Roll Mill and Cold Roll Mill.
Steel production has strengthened the upstream demand for ferro alloys in India. In India, majority of the ferro alloy manufacturers produce ferro manganese or chrome alloys in large quantities. This sub-sector has helped put India among the largest producers of steel globally.
Coke is an important component achieved from carbonization of coal. Introduction of world class blast furnaces, state-of-the-art technology, and improved working conditions have made Coke Making, Agglomeration sector a hit in Indian Iron & Steel industry.
Electrical Maintenance, Mechanical Maintenance, Raw Material Handling is an important reason behind the success of Iron & Steel sector in India. This sub-sector holds an important position in manufacturing, transportation, automotive, and various other sectors.
Iron Making, Steel Making, Hot Roll Mill, Cold Roll Mill sub-sector has played a major role in industrialization and the growth of the economy. Recent, substantial improvements to the techno-economic parameters have boosted productivity in this sub-sector.
Ferro Alloys, Steel
Coke Making, Agglomeration
Electrical Maintenance, Mechanical Maintenance, Raw Material Handling
Iron Making, Steel Making, Hot Roll Mill, Cold Roll Mill