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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.
Today, it is the only institution in the country, officially empowered by the Ministry of Steel, Government of India to collect and report data on the Indian iron and steel industry. Accredited with ISO 9001: 2008 certification, JPC is headquartered at Kolkata with regional offices in New Delhi, Kolkata, Mumbai and Chennai and an extension ...
The report admits that its analysis is based on nominal numbers using 2007 basis, that it assumes constant steel prices at $450 per tonne through the year 2040, and ignores the effect of inflation in steel prices or in Indian economy. The carbon steel prices between January and July 2011 ranged between $815 and $910 per tonne. [19]
India is the world's third-largest producer of crude steel, and the council works with steel producers to ensure both the supply and demand of the steel industry. [1] [2] [3] It also advises the Ministry of Steel and assists the Government of India on matters and policies concerning the Indian steel industry. In 2004, alarmed by the recent rise ...
In 2021, JSW Steel Italy acquired a stake in GSI Lucchini and set a CO2 reduction target for 2030. [18] In 2022, they planned the merger of JISPL and CSSL subsidiaries and secured approval for a greenfield steel plant in Andhra Pradesh. [19] In 2013, the group entered into a collaboration with Japan's JFE Holdings in the electrical steel sector ...
The Ministry of Steel is an executive branch agency of the Government of India that is responsible for formulating all policies regarding steel production, distribution and pricing in India. [2] As of June 2024, the ministry is headed by a Secretary Rank IAS officer, who is its administrative head, while the political head is a minister of ...
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On 25 May 2012, Steel Authority of India Limited entered into a Memorandum of Understanding with the Government of West Bengal and Burn Standard Company Ltd. for setting up of a Railway Wagon factory of approximately ₹ 210 crore (US$24 million). This project will create an approximate 75,300 jobs. [21] [22] [32]