Data released by the World Steel Association (WSA) on global crude steel production during January-October 2015 indicates that India has now become the 3rd largest producer of crude steel in the world.

Steel being a deregulated sector, the investment decisions are taken by the individual companies/investors based on commercial considerations and market dynamics.

The current crude steel capacity in the country is 110 Million Tonnes Per Annum (MTPA), which is envisaged to increase to 300 MTPA by the year 2025.  On an average, Rs. 6000 crores is required for setting up a steel plant of one million tonne.

Steel is the core sector of the economy.  Several sectors, which are part of ‘Make in India' initiative, have strong linkages to steel.

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