Trade remedial measures have contributed towards enhancing domestic production. These measures have encouraged “Make in India” steel production, increasing production capacity by 25.6% from 2014-15 with 75% capacity utilisation during 2017-18.
According to Joint Plant Committee (JPC) data, India reached 106 MT production during 2018, a 5% increase year-on-year. This strong performance has been driven by private steel companies. Unlike the globally adopted trend, India is making most of its steel (57%) through the electric route, the rest being via the usual oxygen one. This trend id mindful of reducing carbon footprint.
Besides its durability, steel also offers saving over the life cycle of products, particularly in terms of energy and iron ore required to produce them. Moreover, with 100% recyclability, steel scraps as an input is environment-friendly.
India overtook Japan in January- December 2018 to become the world’s third-largest crude steel producer.
Galbiati Group is a Company leader in the steel field: the Mechanical Machining and Construction Division and the Gear Reducers Division make Galbiati Group the ideal partner qualified for mechanical transmissions for steel industry and for customized construction of mid and large-sized components that require high quality standards. http://www.galbiatigroup.it.