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Showing posts from January, 2024

Know How India’s Steel Industry is Transforming the Economy

There has been a notable increase in India's demand for steel, and the trend is expected to keep growing. According to the IS or India Steel Association, domestic steel demand in the 2022-2023 fiscal year stood at 119.86. The demand is expected to reach 136.97 in the 2024-2025 fiscal year. In India, the steel industry falls under three categories. These are major producers, main producers, and secondary producers. The production of crude steel has also been high due to raw material accessibility and the availability of labor. This makes the steel industry a great part of transforming the economy. The steel sector Top steel manufacturers in india have established modern mills. Older plants are also being renovated to enhance energy efficiency and embrace state-of-the-art practices. This has led to tremendous growth over the last decade, with the domestic steel demand surging by around 80 percent from 2008. Steel production has gone up by 75 percent over the same period. C