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)