Iron and Steel

Industries

Iron and Steel Industry

Iron and Steel Industry in India is on an upswing

because of the strong global and domestic demand.

India's rapid economic growth and soaring demand
by sectors like infrastructure, real estate and
automobiles, at home and abroad, has put Indian
steel industry on the global map. According to the
latest report by International Iron and Steel Institute
(IISI), India is the seventh largest steel producer in
the world.

History of Iron and Steel Industry in India

Iron and Steel industry in the country has

experienced a sustainable growth since the
independence of the country. A humble
beginning of the modern steel industry was
reached in India at Kulti in West Bengal in the
year 1870. But the outset of bigger production
became noticeable with the establishment of a
steel plant in Jamshedpur in Bihar in 1907. It
started production in 1912. The new township
was named after Jamshed ji Tata.

It was, however, only after

Independence that the steel

industry was able to find a
strong foothold in the country.
Excluding the Jamshedpur plant
of the Tatas, all are in the public
sector and looked after by Steel
Authority of India Ltd. (SAIL).

Some other Industries

Bhilai and Bokaro Steel plant were set

up with Soviet alliance. Durgapur and

Rourkela came up with British and
West German technical expertise,
respectively.

Industry Structure
The Iron and steel Industry in India has 2
separate divisions:
Integrated producers
Secondary producers

Integrated producers
Amongst the Integrated producers, the

major producers include Tata Iron and

Steel Company Limited (TISCO),
Rashtriya Ispat Nigam Limited (RINL)
and Steel Authority of India Limited
(SAIL), who generate steel by
converting iron ore.

Secondary producers
The Secondary producers like Ispat
Industries, Lloyds steel and Essar
Steel, create steel through the process
of melting scrap iron. These are mainly
small steel plants and produce steel in
electric furnaces, using scrap and
sponge iron. They produce both mild
steel and alloy steel of given
specifications.

Iron and Steel Industries of

India

THE BEGINNING
The Indian iron and steel industry is nearly a
century old, with Tata Iron & Steel Co as the first
integrated steel plant to be set up in 1907. The
steel industry is expanding worldwide. The
economic modernization processes in these
countries are driving the sharp rise in demand
for steel.

Indian Iron and steel Industry can

be divided into two main sectors
Public sector and Private sector.
There are three major integrated
steel players in India, namely
Steel Authority of India Limited
(SAIL), Tata Iron and Steel
Company Limited (TISCO) and
Rashtriya Ispat Nigam Limited
(RINL).

(In million tons)

Indias export of Iron and

Steel

(In
(In million
million metric
metric tons)
tons)

A LOOK AT GLOBAL PRODUCTION

Based on study: 2009-2011