Steel Industry in India

Indias Steel Industry is much than a century old. forrader the economic reforms of the early 1990s the Indian make fabrication was a predominantly regulated one with the public arna dominating the industry. Tata Steel was the only major private arena company involved the production of steel in India. piece of paper and Tata Steel have traditionally been the major steel producers of India. In 1992, the liberalization of the India economy led to the opening up of mixed industries including the steel industry. This led to the increase in the number of producers, change magnitude investments in the steel industry and increased production capacity. Since 1990, more than Rs 19,000 crores (US$ 4470.58 million) has been invested in the steel industry of India. Indias steel industry went through and through a rough phase between 1997 and 2001 when the overall international steel was facing a downturn and recovered after 2002. The major factor that led to the revival of the steel industry in India after 2002 was the rise in global read for steel and the domestic economic growth in India. India has instantly emerged as the eighth largest producer of steel in the valet de chambre with a production capacity of 35MT. Almost all varieties of steel is now produced in India.

India has also emerged as a engagement exporter of steel which shows that Indian steel is being increasingly judge in the global market. The growth of the steel industry in India is also dependant, to a large extent, on the level of phthisis of steel in the domestic market. Steel consumption is world-shattering in housing and infrastructure. In recent years the upsurge in housing industry of India has led to increase in the domestic demand for steel. More than 3500 different varieties of steel are available in the steel industry of India. These can so far be classified into two broad categories ? unconditional Products - two-dimensional products include plates and hot rolled sheets such as coils and sheets. Flat products are derived from slabs. One of the... If you want to get a good essay, order it on our website: Orderessay

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