India became the world's second-largest steel producer with 140.2 million tons.

India has been leading global steel demand growth since 2021, with a projected 8% growth in steel demand from 2024-2025, primarily driven by expansions across infrastructure-related sectors. In 2023, India became the world's second-largest steel producer with 140.2 million tons of production. The government aims to increase domestic steel-making capacity to 300 million metric tonnes by 2030 and 500 million metric tonnes by 2047.

August 16, 2024
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