Study of Growth of Steel, Steel Infrastructure and Steel Industries in India

Steel has been widely used & accepted all over India in various sectors. The primary goal of this study is to learn more about steel production and industry growth in India, which has a significant impact on the Indian economy, accounting for around 2% of GDP. The paper briefly discusses steel demands, steel consumption & production rate, etc. The paper explores the background and history of the steel industry, as well as its development over time, such as the establishment of TISCO industries, SAIL, and other factors that contributed to India becoming the world's second-largest steel manufacturer with 111 crude steel MT production. The paper also considers the government initiative scheme & policies (National rail plan, Bharatmala scheme, Jal Jeevan, etc.) with their objective to improve the production & demands of steel. The paper provides a detailed review & vision of the National steel policy of 2017. This paper includes NSP 2017 goals & objective, which gives governments the expectation of reaching 300 MT of finished steel production in 2030-31. The paper also discusses the impact of steel on the infrastructure & construction industry, which consumes a larger portion of steel around 45-62% of total steel. This paper also provides a glimpse of the position of the Indian steel industry after the covid-19 pandemic (shows exports of steel have been grown by 22%) & sector-wise demand for steel. The problems that come along with the development of steel industries like CO2 emission (6.2% of total), waste generation & energy consumption (25% of total) have been also addressed in this paper. In this paper, an attempt has been made by the author to concisely review & explain steel industry growth over the years, the current scenario of the steel industry & its future aspiration through the various researcher reports & outcomes. In this paper, the outcome of the results has been briefly evaluated.