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Top 10 Steel Companies in India 2022 [Updated]

The list given below is going to help you look out for top steel companies in India. We have listed the top 10 steel-making companies which could be fit for you to opt for. The list given below includes all 4 types of steel namely Carbon, Ferro, Alloy, and Stainless.

Steel is made from a mixture of carbon and iron at very high temperatures. The steel industry is the most crucial and fundamental for any industry. The structure of the modern-day industries is the outcome of Steel. Most of the other industries are heavily dependent or linked to the iron and steel industry. The quality and quantity of steel directly influence the industrial development of the country. The steel produced does not only provide for the heavy industries but also provides for basic and daily usage.

Iron and steel are the most demanded industries in India. India holds a prominent position of being 2nd in the production of crude steel. The introduction of the Steel Industry in India goes way back to the early 1600s. Even today, the demand for steel is prevalent in many other industrial sectors like railway, construction, automobiles, etc.

The Indian steel industries consist not only of private sectors but also the government plays a major role in it. It also has the best quality steel for export. It requires a lot if manpower which gives rise to employment opportunities for thousands in India.

List of Top 10 Steel Companies in India 2022

1. Tata Steel

Tata Steel, owned by Tata Group established Asia’s first integrated steel company in 2007. It is the largest steel company in India with a capacity of 19 MnTPA and the second-largest crude steel producer in Europe with a capacity of 12.1 MnTPA. Tata steels, formerly known as TISCO, are among the top companies in India which have been providing employment opportunities for a number of people. And has gained the trust and reliability of people all around the country as a private company. It holds an active grip in around 50 countries with immense expansions of its steel industries in 26 countries including the South-East Asian countries.

2. SAIL

Steel Authority of India Limited is a Delhi-based company that is not private. It is a government-owned company that looks forward to expanding with a modern approach. It holds the toughest competition against Tata Steels. The company stands in 20th position for the best steel-making companies globally and is among the best steel companies in India. It owns five steel plants with three special plants and a Ferroalloy plant in different cities. It has gained the reputation of the best exporter of steel in the market. SAIL is known for producing iron and steel at five steel plants and three special plants. SAIL has a total capacity of 21 MTPA of steel productions. 

3. Rashtriya Ispat Nigam

Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel or Vishakapatnam Steel Plant, is based in Vishakapatnam as the name suggests. It has a total capacity of 7.3 MTPA steel productions. It is one of the leading steel companies in India. The company is widespread in the steel business has various shares in other steel-making companies. RINL was also commissioned to produce liquid steel with a capacity of 3 MTPA. It is the largest producer of ‘Bars and Rods.’ Their products are known for their top-grade quality.

4. JSW Steel

JSW Steel has its headquarters in Mumbai. It is the second-largest private producer of steel in India. It has a strong presence in India and internationally. JSW Steel has its footprints in various countries of Asia, America, and Europe. It has a steelmaking capacity of 18 MnTPA. It had ranked 7th in the Top 34 World Class Steelmakers in Steel Dynamics. The company came into existence in 1982 and now is the leading manufacturer of high-grade steel and its products. It has its steel plants in Karnataka, Tamil Nadu, and Maharashtra. JSW Steel Coated Products Limited is one of the leading exporters of coated steel in India.

5. Essar Steel

Essar Steel is widely known for manufacturing high-quality flat steel products. The company has developed over 300 flat sheets of steel from different applications. Essar Steel has a total capacity of 10 MTPA steel production. It provides service to a broad section of industry including pipe making, shipbuilding, power plants, general engineering, and defense too. Essar steel pays more concern to sustainability and is aligned with sustainability indicators of the World Steel Association (WSA). It has even set its benchmark for being a zero-waste company by engaging inefficient activities which are environment friendly. Rainwater harvesting and effluent gas management are some of the practices they follow.

6. VISA Steel

Visa steel is one of the top steel companies in India with a capacity of 225,000 TPA. It has a capacity of 150,000 TPA for the Ferro Chrome Plant. It offers an international quality of High Carbon Ferro Chrome. With the help of new innovations, the company has been setting new standards and enhancing its production capabilities. 

7. Jindal Steel

Jindal Stainless Hisar Limited (JSHL) is one of the best steel companies in India which has a dominant presence in stainless steel. It has a total capacity of 0.7 MTPA steel productions. It is said to be the world’s largest producer of steel for making razor blades and coin blanks for India.  It ranks in the 10th position of the top 10 steel companies in terms of turnover. It caters to making specialty stainless steel requirements based on demands suited for Indian as well as international customers.

8. Electro Steel

Electro Steel was the pioneer of introducing Ductile Iron Pipes in India. The company works with the motto of commitment to excellence and has established itself as an international brand. Electro Steel is one of the best manufacturing companies in India for steel. The company has been working for the past 50 years. It has a total capacity of 7.3 steel productions. Electro Steel, as a company has also contributed to its CSR activities. It has been providing clean and safe drinking water to millions. 

9. Kalyani Steels

Kalyani Steels Ltd is a part of the Kalyani Group which is a leading manufacturer of carbon and alloy steels in India. It was established in the year 1973 in Pune. It has even joined hands with Mukand Steels Ltd to build the Hospet Steels, a World Class Steel Plant. The company has a total capacity of 700,000 TPA for carbon and alloy steels in India.

10. Mideast Integrated Steel

Mideast Integrated Steel Limited (MISL) is another steel company known for its high-quality steel production. It was incorporated in 1992 in coastal Odisha. MISL also has an alliance with a UK company for marketing and strategies. The current plan of expansion of steel capacity is still ongoing and the final output would be in the form of wire rods and rebars. The revised capacity of steel would be 3.5 MTPA.

Frequently Asked Questions

Which is the best steel company in India?

Tata Steel is the best steel company in India based on turnover and capacity. It is closely followed by SAIL. It holds an active grip in around 50 countries with immense expansions of its steel industries in 26 countries including the South-East Asian countries.

Which is the largest steel-making company in India?

Tata Steel, by far, is the largest steel-producing company in India. Tata Group established Asia’s first integrated steel company in 2007. It is the largest steel company in India with a capacity of 19 MnTPA and the second-largest crude steel producer in Europe with a capacity of 12.1 MnTPA.

Is the steel business profitable in India?

The steel business has a revenue share of 26.3% from the 2016 report. The steel business is highly profitable in India especially Stainless Steel which is at a growing rate.

Conclusion

In addition to these entire private and government steel companies, India also encourages the unorganized medium and small scale steel industries which are present in a bulk. The list given above is just a random categorization that is not based on pricing, financial contribution, or any other factors. 

The data for top steel companies has been gathered from various sources and the article above aims at highlighting these companies’ performances based on current reach. The article above only talks about steel and types of steel with respect to their plants. 

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