List of Profitable Business Ideas in Production of Iron and Steel Products.

Steel and Steel Products, Iron and Steel, Ferrous Metals Products, Alloy Steel, Cold Rolling, Foundry, Hot Rolling, Pelletizing, Rolling, Rolling Mill, Stainless Steel, Steel Mill, Tinplate, Carbon Steel, Forge Products, Mild Steels.

The steel ministry has set an ambitious target of taking the country's steel output to 300 MT by 2030-31 from 100 MT, at present, and is taking various measures to boost the sector. The Indian steel industry has entered into a new development stage, post de-regulation, riding high on the resurgent economy and rising demand for steel.

Rapid rise in production has resulted in India becoming the 3rd largest producer of crude steel in 2015 as well as in 2016. The country was the largest producer of sponge iron or DRI in the world during the period 2003-2015 and emerged as the 2nd largest global producer of DRI in 2016 (after Iran). India is also the 3rd largest finished steel consumer in the world and maintained this status in 2016.

Steel