Strategic Priorities and Growth Outlook
Steel Business
India's Steel Industry Overview
Sector overview
•
India became the 2nd largest crude steel producer in 2018, as large
public and private sector players strengthen steel production
capacity in view of rising demand.
SARDA
SARDA ENERGY & MINERALS LTD.
India Crude Steel Production (Mn Tonne)
97
89
90
82
102
•
India is the largest producer of Direct Reduced Iron (DRI) or
Sponge Iron.
•
The steel sector contributes over 2 per cent to the GDP of the
nation
FY 14
FY 15
FY 16
FY 17
FY 18
World Steel Demand Intensity
•
India's per capita consumption of steel grew from 59.6 kgs in FY
14 to 68 kgs in FY18
60000
Per capita
50000 GDP, USD
USA, 294
Germany, 4
84
40000
Japan,497
Future Growth
30000
•
Renewed push towards infrastructure development will increase
steel demand going forward
20000
Russia, 275
10000
Brazil. 103
India. 68
Turkey, 437
China, 489
Government has set target for 300 million tonne production by
2030, c.3x from current production run-rate
0
Per capita Steel Consumption, kg
0
100
200
300
400
500
600
Source: IBEF; FICCI report
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