Indian Minerals Yearbook 2019 (Part- II : Metals & Alloys) 58th Edition IRON, STEEL & SCRAP AND SLAG (ADVANCE RELEASE) GOVERNMENT OF INDIA MINISTRY OF MINES INDIAN BUREAU OF MINES Indira Bhavan, Civil Lines, NAGPUR – 440 001 PHONE/FAX NO. (0712) 2565471 PBX : (0712) 2562649, 2560544, 2560648 E-MAIL :
[email protected] Website: www.ibm.gov.in December, 2020 IRON, STEEL & SCRAP AND SLAG 9 Iron, Steel & Scrap and Slag ron & steel is decidedly the vital component of a Visveswaraya Iron & Steel Ltd and a few electric arc Icountry's economy and is considered pivotal furnace-based plants. In the period till 1947, the viable amongst the driving forces of modernisation. The steel producers in the country that operated with a level of per capita consumption of steel is treated as capacity of about 1 million tonne was wholly under one of the important indicators of the Private Sector. The provisions of the economic socio-economic development and living policy implemented during the different phase of standards in any country. Steel continues to time engendered several marked changes in Indian be the foremost of engineering materials, which is Steel Industry. From the fledgling one million tonne not only environment-friendly but also is recyclable. capacity status at the time of independence, India nd The total finished steel (alloy/stainless+non- has now risen to be the 2 largest crude steel alloy) production in India has grown from a mere 1.1 producer in the world and the largest producer of million tonnes in 1951 to 101.287 million tonnes Sponge Iron. From a negligible global presence, the (measured in terms of crude steel equivalent) in 2018- Indian Steel Industry is now globally acknowledged 19.