India is no. 2 stainless steel producer in the world

India Infoline News Service | Mumbai | May 22, 2017 18:11 IST

India has emerged as the second largest stainless steel producer in the world after China.

Sheet tin metal rolls, Steel
India has emerged as the second largest stainless steel producer in the world after China. India toppled Japan in the year 2016 according to the figures disclosed by International Stainless Steel Forum at a conference held in Tokyo, Japan, recently.

The International Stainless Steel Forum (ISSF) is a non-profit research and development organisation which was founded in 1996 and which serves as the focal point for the international stainless steel industry. 

India’s stainless steel production touched 3.32 million tonnes in 2016, showing an impressive growth of about 9% over the 3 million tonnes it produced in 2015. 

Sharing the news about steel industry's achievement, K.K. Pahuja, President, Indian Stainless Steel Development Association (ISSDA), informed: “This is a great moment for the Indian stainless steel industry. ISSDA urges continuous policy support from the government to take the Indian stainless steel industry to newer heights. ISSDA will continue to work with all stakeholders to promote stainless steel based solutions for sustainability and growth”

"Increase in exports of stainless steel from India to the world markets, especially Europe and the Americas, has established Indian producers capable of producing quality material from their latest state-of-the-art mills meeting stringent quality parameters,” Pahuja added.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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