Learn about the growth of the basic metal industry in India
The metals & mining industry caters to this ever-rising demand through extraction (mining) and primary and secondary processing of these metals.
Refining ferrous, smelting ferrous and non-ferrous metals, even from scrap with metallurgic technique, are the activities involved in the metal industry.
The metal industry today is a very significant one. This is due to the modernisation of the industry and the entry of various global players in it.
India is rich in natural resources. This is the main reason for the success of the basic metals industry in the country. Metals like iron ore, bauxite, copper, gold, and chromite are the basic metals. They are in high demand all over the world for their applications and high value.
The liberalisation of the economy in 1990 saw great changes in the basic metal industry in India. This paved the way for investments which came pouring in rapidly. This led to developments and growth in the industry. There was seen a drastic increase in the production leading to a huge rise in exports, thereby, generating hefty revenue. This sector has numerous big and international names involved along with the domestic giants.
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Basic metal products
- Angles, steel and rolled steel India (384)
- Bars, sections and large plates, bright steel India (315)
- Bars, steel and rolled steel India (603)
- Bars and plates, black steel, large India (411)
- Beams, steel and rolled steel India (111)
- Billets, iron and steel India (371)
- Cemented carbide products India (14)
- Coils, steel, cold rolled India (299)
- Coils, steel, hot rolled India (395)
- Ferro-alloys India (295)
- Flakes and granules, metal India (46)
- Flats, steel, cold rolled India (199)
- Flats, steel, hot rolled India (245)
- Flat sections, steel, cold rolled India (86)
- Foundation piles, stakes and piles, steel and rolled steel India (83)
- Ingots, iron and steel India (380)
- Iron and steel, drawn, compressed and turned. Tube rounds and squares India (575)
- Iron and steel wire rod. Drawn steel wire, reinforcing steel India (478)