India becomes the largest steel producer in the world
Posted on:23 May 2017 13:05:50
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23 May 2017 Current Affairs:
According to data released by the International Stainless Steel Forum (ISSF), India has become the second largest stainless steel producer in the world after China.
The International Stainless Steel Forum (ISSF) is a non-profit research and development organization which was founded in 1996 and which serves as the focal point for the international stainless steel industry.
India overtook Japan which was the second largest producer last year.
National Steel Policy released by the Ministry of Steel boon to the industry which made an increase in exports of stainless steel from India to the world market especially Europe and Americas has established Indian producers capable of producing quality material.
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