We are currently the largest steel producer after China, Japan and USA. USA produced 58 million tonnes of steel in Apr-Nov while we produced 51 million tonnes. China produces 470 and Japan 72.
Indian steel industry leads the growth rate in steel production amongst the top ten steel producing countries.
During April – November’12, the Indian steel industry achieved a growth rate of 5.36% which was the highest in the world. During the said period China stood third with a growth rate of 3.36%. The World’s Average growth rate of steel was just 0.97% during this period.