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India: Steel and Aluminum
Country Study > Chapter 6 > Character and Structure of the Economy > Industry > Manufacturing > Steel and Aluminum

STEEL AND ALUMINUM


After independence, successive governments placed great emphasis on the development of a steel industry. In FY 1991, the six major plants, of which five were in the public sector, produced 10 million tons. The rest of the steel production, 4.7 million tons, came from 180 small plants, almost all of which were in the private sector. Steel production more than doubled during the 1980s but still did not meet demand in FY 1991, when 2.7 million tons were imported. In the mid-1990s, the government is seeking private-sector investment in new steel plants. Production is projected to increase substantially as the result of plans to set up a 1 million ton steel plant and three pig-iron plants totalling 600,000 tons capacity in West Bengal, with Chinese technical assistance and financial investment.

The aluminum industry grew from 5,000 tons a year at independence to 483,000 tons in FY 1992, of which 113,000 tons were exported. Analysts believe the industry has a good long-term future because of India's abundant supply of bauxite.




Last Updated: September 1995


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for India was first published in 1995. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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