India Iron & Steel Industry: An Overview of Growth and Development
The India iron and steel in is one of the core sectors driving the country’s industrial and economic growth. It plays a crucial role in infrastructure development, manufacturing, automotive, energy, and construction, making it an essential foundation of the economy. India is among the largest producers and consumers of iron and steel in the world, with its industry benefiting from abundant raw material reserves, a vast domestic market, and a growing emphasis on modernization and sustainable practices.
India has significant deposits of iron ore, which provide a strong base for steel production. Major reserves are concentrated in states such as Odisha, Jharkhand, Chhattisgarh, and Karnataka, enabling the country to maintain a competitive advantage in steel manufacturing. The availability of raw materials, coupled with expanding industrial capacity, has helped India increase its steel output steadily, meeting both domestic demand and export requirements. Steel consumption in India is strongly tied to infrastructure projects,…