NEW DELHI--October 19, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--India is the second-largest producer of steel after China. In the fiscal year 2023, India produced 125.3 metric tons of crude steel and 121.29 metric tons of finished steel, according to the Indian Brand Equity Foundation (IBEF). It is projected that India's steel production will further rise by 4-7%, reaching 123-127 million metric tons in fiscal-year 2024. Industrial Info Resources is tracking 1,595 steel-plant projects across India, worth more than US$20 billion.
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