12th International Exhibition and Conference
Minerals, Metals, Metallurgy & Materials
29 - 31 August, 2018
Pragati Maidan, New Delhi, India

Industry Scenario



As of 2017, India is the world’s 2rd largest producer of crude steel (up from 8th in 2003)
 
In FY17 (1), crude steel production in India was 72.35 MT, with the total crude steel production growing at a CAGR of 4.90 per cent
 
Steel production in India is forecast to double by 2031, with growth rate expected to go
above 10 per cent in FY18.During April-January 2017, crude steel production in India grew by 7 per cent YoY & stood at 39.98 MT.As of March 2017, the capacity utilisation of steel producers is set to increase with strong export demand and signs of revival in domestic sales. It is expected that consumption per capita would increase supported by rapid growth in the industrial sector & rising infra expenditure projects in railways, roads & highways, etc
 
The steel sector contribute over 2 per cent to the GDP of the nation & provides 20 lakh jobs in the country. Easy availability of low-cost manpower &presence of abundant iron ore reserves make India competitive in the global set up
 
National Steel Policy (NSP) implemented to encourage the industry to reach global benchmarks, Policy clarity & stability expected in respect of mining leases & forest clearances, 20 per cent safeguard duty on steel imports.