Steel is a crucial element for any modern economy and is the most considerable backbone of human civilization. The consumption of steel is treated as an important element of a growing economy and a living culture of any country. This is a leading producer of a large and complex industry having strong forward and downfall linkages in terms of material course and revenue generation.

All major leading industry ecosystems rely on the steel industry and the growth of many of these has been pushing forward by the strength of their steel industry on their various stages of development. India is also falling in the same case where its industrial growth directly relies on the steel industry. Steel consumption is taken as a major factor in economic development.

Whereas steel is having a stronghold on various sectors like construction, housing, urban infrastructure, and others which is fair enough to calculate a rough idea of development. A variety of steel is being consumed by other industries like power generation, petrochemicals, and fertilizers.

India is now occupying a leading position on the global steel map, with the stronghold on steel industry by acquisition the world’s leading steel companies by Indian giants, continuous adoption of latest trends and techniques for modernization of industry, improving energy efficiency are on top priority for the steel industry in India. India holds a position as the world’s 4th largest steel producer of raw steel and is expected to improve and hold the second position by 2020.

The steel industry in India contributes to around 2% of GDP and offers employment to over 0.6 million people. The increase in Steel production from a couple of decades is visible. Steel Industry gets its interest from other significant segments like foundation, aeronautics, designing, development, transportation, vehicle, pipes and cylinders, and so on.

The Indian steel industry is highly consolidated and holds about 50% of the raw steel capacity is resident with incorporated steel manufacturers.