According to recently released data, India has become the second largest producer of steel in the world.

According to recently released data, India has become the second largest producer of steel in the world.

Daily Current Affairs   /   According to recently released data, India has become the second largest producer of steel in the world.

Change Language English Hindi

Category : Business and economics Published on: January 01 2024

Share on facebook
  • According to the data released in December 2023, India has become the second largest producer of steel in the world.
  • Crude steel production was 125.32 million tonnes in FY 2023.
  • During this period, 121.29 metric tons of steel was produced.
  • India is likely to produce 435 metric tons by the year 2050.
  • Steel is an important sector for the Indian economy, contributing to the country's GDP in FY 21-22. Holds 2% share.
  • At present China is the largest steel producing country in the world.
Recent Post's

  • The Sahitya Akademi announced 2025 awards for 24 languages, honoring Navtej Sarna (English) and Mamta Kalia (Hindi) among others.

    Read More....

  • Indian-origin filmmaker Alexandre Singh won the Oscar for Best Live-Action Short Film for Two People Exchanging Saliva at the 98th Academy Awards.

    Read More....

  • The World Bank approved a USD 300 million loan to support the Uttar Pradesh Clean Air Management Program targeting pollution across multiple sectors.

    Read More....

  • Assam Police officer Dr. Partha Sarathi Mahanta won the Best Director award at the New York Short Animation Festival 2026 for his film CHYIMI.

    Read More....

  • Jessie Buckley won Best Actress for Hamnet, while Michael B. Jordan secured his first Best Actor Oscar for Sinners at the 98th Academy Awards.

    Read More....

  • PM Modi inaugurated the 120 MW Lower Kopili Hydroelectric Project in Assam, a run-of-river project funded by the Asian Development Bank.

    Read More....

  • Indian-origin entrepreneur Surya Midha became one of the world's youngest billionaires through his AI hiring startup, Mercor.

    Read More....

  • Ahmedabad-based Omspace Rocket and Exploration successfully launched Gujarat’s first private sounding rocket near Dholera.

    Read More....

  • 19-year-old Kimi Antonelli secured his maiden F1 victory at the 2026 Chinese Grand Prix, leading a Mercedes 1-2 finish.

    Read More....

  • The Ministry of Education and IIT Kanpur launched the AI-powered SATHEE app to provide free exam preparation for competitive tests like JEE and NEET.

    Read More....