Production of Iron and Non-Alloy Steel in Ingot in India - 2022

Iron and Non-Alloy Steel in Ingot Production in India - 2022

In 2022, production of iron and non-alloy steel in ingots in India reached 130M tons, picking up by 9.9% compared with the year before. In general, production showed significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 94,174%. Over the period under review, production of attained the peak volume in 2022 and is likely to see steady growth in years to come.

In value terms, production of iron and non-alloy steel in ingots amounted to $132.1B in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. Production of peaked at $168.4B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Source: IndexBox Market Intelligence Platform

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