India becomes second largest steel producer of Crude Steel

As per World Steel Association data, India became the second largest steel producer of crude steel after China in 2018 and 2019, by replacing Japan. India’s crude steel production in 2019 was 111.2MT where in 2018 was at 109.3 MT, an increase of 7.7 per cent from 101.5 MT in 2017.

Daily Current Affairs Quiz 2020

Steel being a deregulated sector, the Government does not set any annual targets for steel production. Decision on quantity of steel production is taken by individual companies based on commercial considerations and market requirements.