Steel Research & Technology Mission of India

The Indian steel industry is growing fast, at a rate second only to China. With production of crude steel reaching 101.4 MT in the year 2017, India is on the path to emerge as the second largest producer in the world, replacing Japan. In spite of the current challenges, Indian steel industry has significant potential for growth, underscored by the fact that the per capita steel consumption is only 67 Kg, way below the global average of 208 Kg. The “Make in India” initiative is expected to witness significant investments in infrastructure development, expansion of railway network, ship building industry, defense sector, anticipated growth in automobile and capital goods industry and construction in urban and rural areas.