Reasons why the Indian Steel industries are attracting a lot of investors

Feb-20-2018 Post / reasons-why-the-indian-steel-industries-are-attracting-a-lot-of-investors

India is the second-largest crude steel producer in the world. In FY17, India produced 111.254 million tonnes (MT) of finished steel. Our crude steel production has risen to 88.4 Million Tonnes in 2017. Steel is a ubiquitous part of both the industrial and the consumer economy. Its limitless applications are complemented by a steady supply of iron ore and coke to modernized processing units for mass production. Steel Industries have been performing well for a long time, but only a few past decades have seen such massive growth, both domestically and internationally. The rising demand for steel, along with the measures taken by Indian Government is conducive to the establishment of several new steel processing industries.

 Here are a few reasons why Investors are choosing to set-up Steel Industries in India:

It is expected that the per capita consumption would increase in the years to follow, supported by rapid growth in the industrial sector, and increased expenditure for infrastructure projects in housing, railways, roads & highways, etc. The capacity of utilization of steel producers is set to increase with strong export demand and signs of revival in domestic sales. The Indian Steel Industry is on its way to glory, with socio-economic and technological developments underway. Agni Steels is proud to be a part of India’s drive to be the largest producer of steel globally.