India has become the second largest stainless steel producer in the world after China.
According to data released by the International Stainless Steel Forum (ISSF), India overtook Japan to become the second-largest producer of stainless steel in the world.
India’s stainless steel production rose 9% last year to 3.32 million tonnes, from 3 million tonnes in 2015.
Several government initiatives like ‘Make in India’, smart cities, focus on improving sanitation and waste management facilities, building new infrastructure are likely to give a strong push to the stainless-steel industry.
The International Stainless Steel Forum (ISSF) is a non-profit research and development organisation which was founded in 1996 and which serves as the focal point for the international stainless steel industry.