The Indian steel industry contributes around 2% of the country GDP and employs some 500,000 people directly and about 2mn indirectly. The Indian government sees the steel sector as strategically important and as a foundation for rapid industrial development. According to the Ministry of Steel, the steel industry has an output multiplier effect of nearly 1.4 on GDP, and an employment multiplier factor of 6.8. The sector has taken advantage of the country’s abundance of iron ore reserves, its cheap but qualified labour force, and government support policies. As a result, India is close to becoming the second-largest crude steel producer after China, outpacing Japan. In FY2017, India became a net exporter of iron and steel, in both volume and value terms, as local companies ramped up production.

01 EXECUTIVE SUMMARY

02 SECTOR OUTLOOK

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT

07 IRON

08 STEEL