Iron and Steel
Summary:
India is world's second largest producer in the iron and steel industry.
In FY21, crude steel production and finished steel production in India was 102.49 MT and 94.66 MT respectively.
Under India's National Steel policy, 100% FDI is allowed in the sector.
Export and import of finished steel stood at 8.42 MT and 6.69 MT, respectively in FY20.
India’s per capita consumption of steel grew at a CAGR of 4.43% from 46 kgs in FY08 to 74.10 kgs in FY19.
Step 1
Raw material suppliers
Step 2
Inbound logistics
Step 3
Iron production
Step 4
Steel production
Step 5
Outbound logistics
Step 6
Customer
Cost Drivers
Raw material
Fuel and energy
Salaries and wages
Revenue Drivers
Steel for construction
Steel for Railways parts
Sale of by products
Growth Drivers
Increasing investment
Government policy support
Growing demand and exports
Introduction of Steel Scrap Recycling Policy in 2019 aimed at reducing imports
Key Customers
Corporates
Key Players
JSW
Tata Steel
SAIL
Jindal Steel
Channels
Direct to consumer
Indirect channel (wholesaler to retailer to consumer)