History Of The Steel Industry dates back to the ancient times in Armenia which is approximately around three thousand

and five hundred Before Christ. Steel is nothing but the alloy of iron and carbon. But the History Of The Steel Industry in the modern times was initiated during the medium half of nineteenth century (during 1850s to be precise). The initiator of it was a person named Mr. Henry Bessemer of England. At the same time, another person named Mr. William Kelly, a resident of United States, has also started the production of steel and was completely an independent approach from Mr. Bessemer. The process in which the first ever production of steel was carried out came to be known as Bessemer Process. This helped the steel industries to produce steel in large quantities and also at comparatively low costs.
History Of The Steel Industry was enriched and modernized through the introduction of Open-Hearth process of steel production which made the industries to produce steel out of domestic iron ores. This process was first adopted by the steel industries situated in United States Of America in the year 1888. This time saw rapid innovations in the processes of steel production which got its impetus from the increased want for steel from various industries namely, railway industry, automobile industry, industry involved in construction of bridges, etc. During this time period, the enhanced demand as well as supply of steel pushed the ranking of USA to the first position, in terms of the steel production. The utilization of the Open-Hearth system of steel production continued approximately from the year 1910 to the year 1960. After this, a new process called Basic Oxygen Process came into existence which produces steel in a more quick and efficient manner. If someone goes through the History Of The Steel Industry then he or she would find out that from the early 1960s a new process was incepted by the steel industry for the production of steel known as the Process of Electric Arc Furnace. This process helps these industries in production of stainless steels and also in recycling of scrap steel items. In the History Of The Steel Industry it can be observed that the with the passage of time, the quantity of production by USA has decreased with relation to total world production of steel. After the 1980s, China came strongly enough and became the largest producer of steel. India is also showing good performance in this sector in the recent times

Indian Steel Industry An Overview

8th largest steel producer in the world Production of Finished steel in 2005-06, 42.7 mT, a growth of 11%. Apparent Consumption of Finished Steel in 2005-06 - 38.1mT, growth of 10.8%. Apparent consumption of Longs -16.2 mT, Flats - 21.8 mT. Largest producer of Sponge Iron - 12.8 mT in 2005-06 (a growth of 25%). Indias exports of Finished Steel in 2005-06, 4.4 mT, Imports 3.7 mT

Huge Iron Ore reserves 23 bn. tonnes

Private Steel Producers are opting for Forward as well as Backward Integration Indian Steel Producers are increasingly looking for overseas acquisitions in steel as well as raw materials.

Indian Steel Industry An Overview

Major Players

Finished Steel Production 2005-06

Company

SAIL 22% Others 40% RINL 7% Essar 8% JSWL 8% Ispat 6% Tata Steel 9%

05-06 (MT)
9.15

SAIL

Tata Steel
RINL ESSAR ISPAT JSWL

3.8
3.0 3.3 2.6 3.5

OTHERS
Total

17.2
42.7

Source - JPC

Future of Indian Steel Industry

You aint seen nothing yet !

Projected per Capita consumption of Finished Steel in India (kg)
Year
2011-12

Per Capita Steel Consumption

48

2019-20
2024-25

80
110

2029-30
2034-35

135
175

Indias current population is - 1050 million It is assumed that till 2051, population would be about : 1.4 bn.

India ranks 5th in the world in terms of production of steel The amount of crude steel produced in 2006-07 was 50.71 million tonnes The amount of finished steel produced in 2006-07 was 51.9 million tonnes The production of finished steel was increased by 16.52%

The production of finished carbon steel was 24.8 million tonnes in the year 2006-07

It is expected that India would become the second biggest producer of steel within the year 2016 and the production per year would be 137 million tonnes

The exports pertaining to the steel industry was 6.26 % during the period 2006-07

Role of Iron and Steel Industry in India GDP-Consumption

The domestic consumption of steel has grown by12.5% in the past three years The domestic steel consumption in the year 2006-07 was 41.14 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 per capita consumption of steel in India is 35kgs As the per capita consumption of steel is lower than other countries, so the steel industry has huge opportunities in the future

Role of Iron and Steel Industry in India GDP-Growth in Future 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 Sinosteel Corp, China are planning to invest US$ 4 billion to set up a 5 million tonnes capacity Greenfield steel plant The acquisition of the Corus, the Anglo-Dutch steel manufacturer by the Tata Steel The Algoma Steel, Canada was acquired by Essar Global for US$ 1.63 billion