Top 10 Steel Companies in India: 2019 Overview and Analysis
 

Top 10 Steel Companies in India: Industry Analysis

  The top 10 steel companies in India constitute one of the most significant industries in India. The industry of top 100 steel companies in India is undergoing new stages of development, aided by the economic resurgence and growing size of the steel industry in India. The steel production in India is the third largest production capacity in the world. The growth of steel suppliers is forecasted to be around 7% annually for 2018 in comparison to around 1% for the global steel industry. The best steel brands in India produced approximately 100 metric tons of finished steel including both alloy and non-alloy steel. The steel manufacturers in India mostly produce iron and steel from iron ore. Furthermore, it is predicted that the steel industry in India and the complete list of private steel plants in India will catapult India scale the second rank of the largest steel producing country in the world.    

Top 10 Steel Companies in India is Poised to Grow

  The Indian steel industry is one of the largest in the world in terms of production and exports. The demand for steel in the past few years has helped the Indian steel market to grow and steel companies in India to expand across the globe. With the increasing demand for high-quality steel in the electronics, construction, and logistics industry, the prospects of the steel industry in India is bright. India is among the top steel producing countries in the world. The steel companies in India like TATA steel, SAIL, and Jindal are considered in the list of top 10 steel companies in the world. TATA steel and SAIL has the largest steel plant in Asia. In 2017, India exported more than $14 million worth of steel ingots, which makes it one of the key players in the international steel market. Steel manufacturing companies in India are now the world’s second-largest crude steel producers after China. The production capacity of steel plants in India was up by 4.4 percent in the past 1 year. Now finding the top list of steel plants in India with contact details is easy on B2B networking platforms like BizVibe. The demand for steel from the construction and automobile industry is increasing at great speed with the increase in the production of steel in India to meet the global consumption.     Here follows the list of top 10 steel companies in India with the best steel production in India.    

Top 10 Steel Companies in India: 2018 Overview and Analysis

   

1. Rashtriya Ispat Nigam Limited (RINL)

Rashtriya Ispat Nigam Limited, also known as Vizag Steel is a Government of India undertaking company. This is also one of the top 10 steel companies in India with its headquarters at Visakhapatnam. This best steel brand in India was founded in 1982 and is one of the top 100 steel companies in India. Vizag Steel is one of the top steel manufacturers in India and has an annual turnover of around $2 billion. Vizag Steel was founded by the Government’s Steel Authority of India Limited (SAIL). It is ranked as one of the most profitable ventures of the Indian government and is one of the most highly rated steel suppliers in India today. Revenue: $2 Billion Ownership: Government of India Contact Details: Rashtriya Ispat Nigam Limited, Visakhapatnam Steel Plant, Project Office Complex, Visakhapatnam – 530 031  

2. Tata Steel

Tata Steel is another top 10 steel companies in India and also one of the oldest top 100 steel companies in India. The list of private steel plants in India is incomplete without the mention of Tata Steel as it is also a global name for the steel industry in India. Tata Steel is one of the leading steel manufacturers in India that was founded in 1907 by Dorabji Tata and is headquartered in Mumbai. Tata Steel, one of the largest steel companies in India has an annual revenue of around $20 billion with a massive steel production in India capacity of more than 30 million metric tons in a year. Revenue: $20 Billion Ownership: TATA Group Contact Details: Tata Steel Limited, 3rd Floor, One Forbes 1, Dr. V B Gandhi Marg, Fort, Mumbai – 400 001  

3. JSW Steel

JSW Steel is one of the top 10 steel companies in India and is a subsidiary of the JSW Group. JSW Steel is also one of the top 100 steel companies in India. JSW Steel was founded in 1982 and is headquartered at Mumbai. This best steel brand in India has six lists of private steel plants in India and has steel production in India with a capacity of around 15 million metric tons annually. The list of stainless steel manufacturers in India is never completed with having JSW Steel on it. This leading steel companies in India has an annual turnover of over $11 billion with a prominent visibility in the steel industry in India. Revenue: $11 Billion Ownership: JWS Group Contact Details: JSW Centre Bandra Kurla Complex, Near MMRDA Grounds, Bandra East, Mumbai – 400 051  

4. SAIL

Steel Authority of India Limited (SAIL) is another top 10 steel companies in India and features high on the list of stainless steel manufacturers in India. SAIL is among the top 100 steel companies in India and was formed in 1954 in New Delhi, India. SAIL is one of the top steel manufacturers in India of the steel industry in India has an annual production capacity of around 5 million metric tons and has an annual turnover of approximately $7.5 billion to rank as the best steel brands in India with more than 5 integrated steel plants across India. Revenue: $7.7 Billion Ownership: Government of India Contact Details: Steel Authority of India, Ispat Bhawan, Lodi Road, New Delhi-110 003  

5. VISA Steel

VISA Steel is another top 100 steel companies in India from the steel industry in India. This top steel supplier in India was established in 2003 and is headquartered out of Kolkata. Currently, VISA Steel is in the leading list of top 10 steel companies in India has 3 steel manufacturing plants with a steel production in India capacity of over a million metric tons. This leading list of private steel plants in India company has an annual turnover of more than $3 billion and is ranked as one of the best steel manufacturers in India and is owned by the VISA group of companies. Revenue: $3 Billion Ownership: Vishambhar Saran Contact Details: VISA House, 8/10 Alipore Road, Kolkata – 700027  

6. Essar Steel

Essar Steel is one of the top 10 steel companies in India with massive steel production in India plants. This leading steel suppliers in India ranks prominently on the list of private steel plants in India with an annual turnover of around $2.5 billion with a steel production in India capacity of more than 10 million metric tons annually. This top 100 steel companies in India; Essar Group was founded in 1998 and is located at Mumbai. This best steel companies in India has 6 steel production in India plants and various operational units across the globe. Revenue: $2.5 Billion Ownership: Essar Group Contact Details: Essar Steel India Limited, Essar House, 11, Keshavrao Khadye Marg, Mahalaxmi, Mumbai – 400 034  

7. Bhushan Steel

Bhushan Steel is one of the renowned top 10 steel companies in India and one of the best steel manufacturers in India. This leading steel suppliers in India features predominantly on the list of stainless steel manufacturers in India with its headquarters at New Delhi and established in 2003. This leading steel brands in India of the steel industry in India has an annual steel production in India with a capacity of more than 5 million metric tons and a yearly turnover of under $2 billion approximately. Bhushan Steel in India has three manufacturing plants for steel production in India. Revenue: $1.7 Billion Ownership: Brij Bhushan Singal Contact Details: Bhushan Center, Bhushan Steel Limited, Bhikaji Kama Place, M G Marg, New Delhi – 110066  

8. Jindal Steel & Power

Jindal Steel & Power is one of the leading top 100 steel companies in India with an annual production capacity of more than three million metric tons and a yearly turnover of around $3 billion. Jindal Steel and Power is on the list of top 10 steel companies in India and is regularly mentioned in the list of private steel plants in India. Jindal Steel has various steel production in India plants across the country. This is one of the top steel suppliers in India was founded by O P Jindal in 1952 and has its headquarters located at New Delhi. Currently, Jindal Steel in India is headed by Naveen Jindal. Revenue: $3 Billion Ownership: OP Jindal/ Jindal Group Contact Details: Jindal Centre12, Bhikaiji Cama Place, New Delhi – 110 066  

9. Facor Steel

Facor Steel is one of the top 10 steel companies in India and a renowned steel brand in India. This is one of the top leading steel companies in India was founded in 1956 by Durgaprasadji Saraf and is headquartered in Nagpur, India. This top steel brands in India has an annual turnover of more than $1.5 billion and a steel production in India capacity of around 2 million metric tons. This leading steel suppliers in India and top 100 steel companies in India is also an established steel company in India exporting to many countries around the world. Facor steel is one of the fastest growing steel producing companies in Asia. Revenue: $1.5 Billion Ownership: FACOR Group Contact Details: Facor Steel, 46 A, and B, MIDC Industrial Estate, Nagpur – 440028  

10. MESCO Steel

MESCO Steel is also one of the top 10 steel companies in India with a global presence from the steel industry in India. This is list as one of the top few leading steel suppliers in India was founded in 1992 with collaborated on technology from Sino Steel, the Chinese steel conglomerate. MESCO Steel is in the list of top 100 steel companies in India that produces over 1000 tons of hot metal every day and operates from two steel production in India plants. This major steel manufacturers in India is renowned as having the lowest debt-equity ratio among several steel companies in India. MESCO steel is growing to become one of the leading steel producers in India and the Asia-Pacific region. Revenue: $2 Billion Ownership: Mesco Group Contact Details: Mesco Towers, 3915, Lewis Road, Kedar Gauri Square, Bhubaneswar-751 014

Few other top steel companies in India are Mahindra Ugine Steel, Welspun Corp, Ahmedabad Steelcraft Ltd, Akashna Global Steel Ltd, Anil Special Steel Ltd, Ashirwad Steels & Industries, Bajaj Steel industries, Bellary Steels & Alloys Ltd, and Bengal Steel Industries Ltd.

 

Top 13 Steel Companies in India and Steel Plants

 

Steel Plant Name Location Owned By
Tata Iron and Steel Company Ltd (TISCO) Jamshedpur TATA
Bhilai Steel Plant Chhattisgarh Steel Authority of India Limited (SAIL)
Bokaro Steel Plant Bokaro Steel Authority of India Limited (SAIL)
Durgapur Steel Plant Durgapur Steel Authority of India Limited (SAIL)
Rourkela Steel Plant Rourkela Steel Authority of India Limited (SAIL)
Salem Steel Plant Salem Steel Authority of India Limited (SAIL)
Visvesvaraya Iron and Steel Plant Bhadravathi Steel Authority of India Limited (SAIL)
IISCO Asansol Steel Authority of India Limited (SAIL)
Bhushan Steel Plant Dhenkanal Bhushan Steel
Essar Steel Plant Hazira Essar Steel Limited
Jindal Steel and Power Raigarh Jindal Group
Vijayanagar Steel Plant Hospet JSW Limited
Visakhapatnam Steel Plant Visakhapatnam Rashtriya Ispat Nigam Limited
 

Steel Production in India

Months Production
April 2017 8065 Tonnes
May 2017 8500 Tonnes
June 2017 7950 Tonnes
July 2017 8362 Tonnes
August 2017 8474 Tonnes
September 2017 8200 Tonnes
October 2017 8629 Tonnes
November 2017 8350 Tonnes
December 2017 8796 Tonnes
January 2018 9028 Tonnes
February 2018 8434 Tonnes
March 2018 9227 Tonnes
                                   Source: World Steel Association
 

Future Prospects of the Top 10 Steel Companies in India

  The steel industry in India is poised for a robust growth in the next few years with an aim to become the 2nd largest steel producing country in the world with the emergence of the top 10 steel companies in India. The future direction of the top 100 steel companies in India looks promising with favorable Government initiatives and growing demand from various steel production in India dependent industries like automotive, electronics, and construction sectors. Furthermore, the steel companies in India and steel industry in India is geared to add immense value to the country’s GDP and as well as bring more foreign currency with the help of the best steel manufacturers in India and the top steel exporters in India. The steel industry in India is forecasted to thrive on account of growing demand from all over for the steel production in India having a developed infrastructure and top quality technological advancements by the top 10 steel companies in India.   Read More Top 10 Largest Copper Producing Countries in the World (2018) Top 10 Largest Aluminium Producing Countries in the World (2018) Top 10 Largest Gold Producing Companies in the World (2018)  

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