According to the World Bureau of Metal Statistics, India produced around four million metric tons of stainless steel slabs in 2021. There was a significant increase compared to the previous year, which experienced a dip mostly due to the impact of the coronavirus pandemic. Stainless steel accounted for only a small portion of steel production in India. In the financial year 2022, India produced 120 million metric tons of crude steel.
India has been a significant producer of various types of iron and steel, including pig iron, sponge iron, crude steel, and finished steel. Although the private sector companies held a dominant position in iron and steel production, the leading steel producers in the country comprised a combination of public and private companies. Notable among them were Tata Steel, Steel Authority of India Limited (SAIL), and JSW Steel. Both Tata and JSW are private companies, while SAIL is owned by the Ministry of Steel. In the fiscal year 2023, Tata Steel recorded a revenue surpassing 2.4 trillion Indian rupees.
Production volume of stainless steel slabs in India from 2010 to 2021
(in million metric tons)
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Production volume in million metric tons
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World Bureau of Metal Statistics. (May 4, 2022). Production volume of stainless steel slabs in India from 2010 to 2021 (in million metric tons) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/
World Bureau of Metal Statistics. "Production volume of stainless steel slabs in India from 2010 to 2021 (in million metric tons)." Chart. May 4, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/
World Bureau of Metal Statistics. (2022). Production volume of stainless steel slabs in India from 2010 to 2021 (in million metric tons). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/
World Bureau of Metal Statistics. "Production Volume of Stainless Steel Slabs in India from 2010 to 2021 (in Million Metric Tons)." Statista, Statista Inc., 4 May 2022, https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/
World Bureau of Metal Statistics, Production volume of stainless steel slabs in India from 2010 to 2021 (in million metric tons) Statista, https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/ (last visited August 25, 2024)
Production volume of stainless steel slabs in India from 2010 to 2021 (in million metric tons) [Graph], World Bureau of Metal Statistics, May 4, 2022. [Online]. Available: https://www.statista.com/statistics/1132059/india-production-volume-of-stainless-steel-slabs/