India has emerged as World’s second-largest producer of Crude Steel

Daily Current Affairs / India has emerged as World’s second-largest producer of Crude Steel

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Category : Business and economics Published on: June 10 2023

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India's steel industry has achieved remarkable growth in the last nine years and has now become the second-largest producer of crude steel in the world surpassing Japan.
India has moved from 4th largest producer of crude steel to the second largest producer of crude steel from 2014-15 to 2022-23 standing just behind China which is the largest exporter of crude steel in the world.
India has reported a hike of 42% in Crude steel production from 88.98 MT(Metric ton) in 2014-15 to 126.26 MT in 2022-23.