In 2016, India overtook Japan to become the second largest producer of stainless steel. India now stands behind China on the list according to International Stainless Steel Forum. The data was release by ISSF at its annual conference held at Tokyo from May 14 – May 19. ISSF, founded in 1996, is a not-for-profit organisation which keeps track of reach and development around stainless steel industry in the world.
India registered a growth of around 9% in its steel production in 2016. Compared to 3 million tonnes it produced in 2015, India had production of 3.32 million tonnes of steel n 2016.
K.K. Pahuja- President, Indian Stainless Steel Development Association (ISSDA) attended the conference on India’s behalf and announcing the news, he termed it a great milestone for Indian stainless steel industry and added that with continued support from the government, ISSDA will ensure greater heights are achieved. He also added that ISSDA will ensure interest of all the stakeholders is taken care of.
Some of the biggest Indian players in stainless steel include SAIL- Salem, BRG, Viraj Profiles Ltd, Jindal Stainless, Sunflag Iron & Steel and Panchmahal Steel.