India Ranks as Second Largest Global Steel Producer
1 report, 1 independent
Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
India has been ranked as the second largest steel producer globally, following China. Indian steel capacity currently stands at 220 million tonnes, with various expansion programs moving toward completion.
From thenorthlines.com
Why it matters
India is progressing toward its national target of 300 million tonnes of crude steel by 2030-31. The country's per capita steel use has risen from 61 kg in 2016-17 to 116 kg, although this remains below the global average.
From thenorthlines.com
Who's involved
- ChinaIs the largest steel producer globally, according to the report
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
China might face pressure on market share due to increased global competition from India's growing steel capacity
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The entities involved
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Beijing
capital city of China