Email: doquangdatktvt@gmail.com
Email: doquangdatktvt@gmail.com
Looking for the top steel manufacturers in India? We’ve curated the list of the top 20 best steel companies in India as per their market cap, range of products, clientele, and other financial data for the year 2022.
Steel is made by mixing carbon and iron at very high temperatures (above 2600°F). Primary steelmaking creates steel from a product called – Pig Iron which is smelted iron, from ore, which contains more carbon than is correct for steel. Iron can be alloyed with many other metals to produce special steels for diverse and specific needs.
The Iron and Steel Industry is the most crucial and fundamental manufacturing industry in any country. The robust structure of the modern-day industrial world is made of steel. Most of the other industries such as locomotive, engineering, automobiles, realty, shipbuilding, machinery tools, and more are heavily dependent on and linked with the iron and steel industry.
The quantity and quality of this industry of a country highly influence the type of the industrial development and it forms not only industrial structure but also impacts the very way of the life in today’s world and such companies we’ll be looking into in this post which shaped India’s Industrial Development.
India holds a position of prominence as the second-largest producer of crude steel in the world. According to the reports of the ministry of steel, the production volume of steel is 111.2 MT (Million Tonnes). But you may be wondering what all these top steel manufacturers in India are, but we got you covered.
All these steel companies mentioned in this list are not in order of best to worst but based on market cap, range of products, clientele, and years of experience.
So, without further ado, let’s take a closer look at all these top steel companies in India in 2022.
With an annual crude steel capacity of 33MT, TATA Steel is one multinational company among the top steel companies in India established in the year 1907. With its base stationed at Jamshedpur, it has had a global trade presence for decades. Formerly known as TISCO, the group recorded a consolidated turnover of 21.06 billion US dollars in FY 2021-22.
It is ranked as the second-largest domestic producer of steel with an annual capacity of 13 MT. It has posed its active presence in around 50 countries with rapid expansions of its industrial bases in 26 countries including Malaysia and Thailand.
TATA group has held significant shares in TATA steel with 1 million shareholders holding about 21% of its stake. TATA Steels is amongst the top steel companies in India offering employment opportunities to thousands of people. Also has gained the reputation for being the best privately undertaken company nationally.
JSW Group, headquartered in Mumbai, Maharashtra is the second-largest producer of commercial steel among the companies undertaken by the private sector as of March 2022.
Producing around 111.43 MT every year, its provisional crude steel production ranges from around 1.8%-2.4 % of the total steel production in the corresponding period of last year.
The group has set global footprints in countries including UAE, Malaysia, and Canada. It’s the company that hosted the first Greenfield project in Vijayanagar, Karnataka with its other plants in Vasind, Salem, and Tolve.
Based in New Delhi, SAIL is owned and operated by the Government of India. With an annual production of 16.30 metric tons of steel, SAIL is the 20th largest producer globally and the first among the largest steel companies in India.
SAIL owns five integrated steel plants in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur with three special plants and a Ferroalloy plant in Chandrapur. It has acquired a reputation for being the best exporter of completed steel in the domestic market.
It’s expanding with an insightful approach towards modernizing followed by an emphasis on the state of the art of green technology. It has its central units spread into different fields like Engineering and technology. It holds the toughest stance, accommodating thousands of employers and employees working in different domains of the group.
Essar Steel is one of the finest steel companies in India on this list and a global producer of steel with a footprint in India, the Middle East, and Asia. The company is a fully integrated flat carbon steel manufacturer which is from iron ore to ready to supply steel products in the market.
The current capability of the company is 10 million Tonnes per annum (MTPA). They mainly supply finished steel products to highly discerning customer sectors, for instance, engineering, construction, white goods, automotive, and shipbuilding. Essar Steel is one of the largest exporters of flat steel products to demanding markets such as Europe and the United States as well.
Some clients of this steel company are Hyundai, Swaraj Mazda, the Konkan Railway, Maruti Suzuki, and Caterpillar. The company has 8 MTPA plants at Bailadilla (Chhattisgarh) and a 12 MTPA plant at Dabuna (Odisha), both strategically established to leverage the rich iron ore deposits of the respective states.
Jindal Steel and Power Limited is among the best steel companies in India which is an industrial powerhouse with a dominant presence in the steel, power, mining, and infrastructure sectors. The company is currently led by Mr. Naveen Jindal and by innovation, setting new standards, and enhancing capabilities, it made its way to the top steel manufacturers of the country.
JSPL currently has a 10 MTPA iron-making capacity and is also ranked as the second-largest value creator in the world. The company has the key projects in Raigarh with a 3.6 MTPA integrated steel plant, 0.6 MTPA wire rod mill, and 1.0 MTPA bar mill. The company owns and operates state-of-the-art facilities in Chhattisgarh, Odisha, and Jharkhand.
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