Profitability, Growth and Competitiveness of Indian Steel Industry Constraints and Prospects Dr. Tarun Das

Abstract

The vital role of Steel Industry for overall economic development of India makes the Study of productivity, performance and efficiency of the industry a subject matter of public debate, although not always well-informed and objective. Since independence Indian Steel Industry has made a considerable progress - capacity of crude steel production has increased from hardly 1 million ton (mt) to 15.5 mt and per capita consumption of steel has increased from 3 Kg to 19 Kg per annum. At present we have 6 integrated steel plants (Bhilai, Bokaro, Durgapur, IISGO, Rourkela and TISCO) with a capacity of 11.6 mt of crude steel per annum, 160 mini steel plants with a capacity of 4 mt (in terms of billets scrap production), more than 1000 billet/scrap rerolling units with a capacity of 6.3 mt (in terms of light merchant products) and 71 wire drawing units with a capacity of 0.84 mt.