A humble beginning of the modern steel industry was reached in India at Kulti in West Bengal in the year 1870.

The outset of bigger production became noticeable with the establishment of a steel plant in Jamshedpur in Bihar in 1907. Iron and Steel Industry in the country has experienced a sustainable growth since the independence of the country.

The new township was named after J.R.D Tata. This venture was followed by Burnpur and Bhadrawati Steel plants in 1919 and 1923 respectively. Excluding the Jamshedpur plant of the Tatas, all are in the public sector and looked after by Steel Authority of India Ltd. (SAIL).

Rapid rise in production has resulted in India becoming the 4 th largest producer of crude steel and the largest producer of sponge iron in the world. The domestic consumption of steel has grown by12.5% in the past three years. The domestic steel consumption in the year 2011-12 was 85.14 million tonnes. The average growth rate of the Indian Iron and Steel Industry is 11.36%. The construction projects all over India are major consumer of steel.

The Arcelor Mittal, which is the largest steelmaker in the world, has plans of establishing two Greenfield steel projects with capacity of 12 million tonnes annually, in India.

Acerinox SA, one of the important stainless steel manufacturers in collaboration with Nisshin Steel, Japan is setting up a steel plant in India.
The Tata Steel ranks 5th in the world steel production and the company have plans of expanding its capacity by the year 2015.

SAIL, India's biggest producer of steel has plans of increasing the production to 24.98 million tonnes annually. The acquisition of the Corus, the Anglo-Dutch steel manufacturer by the Tata Steel.
India is expected to become the second largest producer of crude steel in the world by 201516.

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Steel Authority of India Ltd Tata Iron and Steel Company Ltd. Jindal Iron and Steel Company Ltd. Essar steel. Ispat Industries Ltd.

Heavy investment. Inefficiency of public sector units. Controlled prices. Problem of metallurgical coal. Inferior quality of products. Sickness of mini-steel plants.

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