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As per worldsteel, India's crude steel production in 2018 was at 106.5 million 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.
Constituted in 1964 by the Ministry of Steel, Government of India for formulating guidelines for production, allocation, pricing and distribution of iron and steel materials, Joint Plant Committee (JPC) underwent a major transformation in 1992, when following the de-regulation of Indian steel industry, it moulded itself into a facilitator for industry, focusing on giving form to a ...
[5] [6] Tata Steel, SAIL, and Jindal Steel and Power are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages. [ 7 ] Tata Steel operates in 26 countries with key operations in India, the Netherlands , and the United Kingdom , and employs around 80,500 people. [ 8 ]
Indian steel firms are putting pressure on the nation's government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India ...
Jindal Steel and Power Limited (JSPL) is an Indian steel company based in New Delhi. [4] JSPL is a part of OP Jindal Group. [5]In terms of tonnage, it is the third-largest private steel producer in India and the only private player in India to produce rails.
Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021–22, its best ever production performance. The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability.
Jindal Stainless Limited is an Indian stainless steel maker headquartered in New Delhi. It is a part of OP Jindal group. The firm has a melt capacity of 2.9 million tonnes per annum which makes it the largest stainless steel producer of India. Incorporated in 1970, it ranks among the top 5 stainless steel makers of the world. [6] [4] [5] [7]
Tata Steel acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid ₹ 35,200 crore (equivalent to ₹ 470 billion or US$5.4 billion in 2023) to Bhushan Steel's creditor banks, and an additional ₹ 1,200 crore (equivalent to ₹ 16 billion or US$190 million in 2023) over 12 months to Bhushan Steel's operational creditors. [7]