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Tuesday, 23 May 2017

India becomes second largest steel producer in the world


India overtook Japan to become the second-largest steel producer in the world after China in 2016, according to data released by the International Stainless Steel Forum (ISSF). India’s stainless steel production rose to 3.32 million tons for 2016 showing an impressive growth of about 9% over 3.0 million tons achieved in 2015.

The data were released at ISSF annual conference in Tokyo, Japan. Leading Indian stainless steel players include SAIL, Salem, Jindal Stainless, BRG, Viraj Profiles Ltd, Sunflag Iron and Steel, and Panchmahal steel. K.K. Pahuja- President, Indian Stainless Steel Development Association (ISSDA) has attended the ISSF annual conference in Japan.

    Static Takeaways for BOB PO Exam-
    • The International Stainless Steel Forum (ISSF) is a non-profit research and development organization which was founded in 1996
    • Roeland Baan is the Chairman of ISSF
    • The Indian Stainless Steel Development Association (ISSDA) is the unifying point for the growth and development of stainless steel usage in India and it was Founded in 1989.
    • Shri Chaudhary Birender Singh is Union Minister of Steel since July 2016.

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