Business Today

Steeling The Scene

India is set to become the second largest user of steel in the world.

In 2018, India produced 106.5 million tonnes (MT) of crude steel, the highest ever. It also overtook Japan as the world's second largest producer of steel. The country's apparent use for finished steel products, a measure of steel demand, increased by 8.3 per cent in 2018 to reach 96 MT, making India the third largest steel using country after China and the US. According to

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today11 min read
The Dark Side Of Gold Loans
THE RBI ASKED the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason: the regulator found some major lapses in how the company handled the loans. When the regulator looked into the company’s f
Business Today1 min read
All Guns Blazing
INDIA’S DEFENCE EXPORTS HAVE JUMPED ALMOST 31-FOLD TO A RECORD OF ₹21,083 CRORE IN FY24 FROM ₹686 CRORE IN FY14, REFLECTING THE COUNTRY’S GROWING CLOUT IN THE GLOBAL DEFENCE MANUFACTURING MARKET. WITH A ROBUST LOCAL MANUFACTURING ECOSYSTEM AND MORE T
Business Today1 min read
Read Credible, Exclusive, And Insightful Business Stories
Subscribe and get upto 81% discount*

Related