India has emerged as the 2nd Largest Producer of Crude Steel in the world
Union Minister of Steel and Civil Aviation, Sh. Jyotiraditya M. Scindia held a press conference on the theme 9-years of Government's “Seva, Sushasan and Gareeb kalyan” focusing on the Steel sector, at Rajiv Gandhi Bhawan, New Delhi today.
The Minister started his address by highlighting the importance of Steel sector in ensuring the pragati (growth) and vikas (development) of the country. “India currently ranks as the World's 2nd Largest Producer of Crude Steel, surpassing Japan in 2018”, the minister said, while mentioning the remarkable growth recorded by India’s steel industry.
Highlighting achievements of the government in the last 9 years, he mentioned that India stands as a net exporter of steel witnessing an export of 6.72 MT of finished steel against the import of 6.02 MT in 2022-23. The country was a net importer of steel in 2014-15 with 9.32 MT imports Vis-à-vis the export of 5.59 MT. He also mentioned the progress made by the steel sector from pre-2014-15 to 2022-23 which can be seen in the table mentioned below:
