Stainless Steel Users In India

Rising demand from consumer goods is likely to drive market growth as the stainless steel is resistant to corrosion exhibits high toughness and ductility and requires low maintenance.

Stainless steel users in india. In the beginning it was primarily used for pots and pans in kitchens with some. Domestic steel production fell by a record 69 5 y o y in april 2020 as per provisional figures. Jindal stainless limited jindal stainless hisar limited and jindal stainless steelway ltd have alleged likelihood of continuation or recurrence of dumping of the cold rolled flat products of. 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.

You have probably read online the advantages of 361 stainless steel or why grade 304 stainless steel is a great choice for your bathroom. In this regard as a distributor purchasing high quality stainless. The country produced a mere 2 8 million tonne of crude steel during the month according to data. The list of stainless steel manufacturers in india is never completed with having jsw steel on it.

Generally there are more than 57 stainless steel types recognized as standard alloys even though there are still lots of proprietary alloys from different stainless steel producers. Techsci research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these. The global stainless steel market size was valued at usd 111 4 billion in 2019 and is anticipated to witness a cagr of 6 3 in terms of revenue from 2020 to 2027. Jsw steel was founded in 1982 and is headquartered at mumbai.

India has initiated a sunset review investigation on imports of certain stainless steel products imported from china south korea european union south africa taiwan thailand and usa. What you need to know before buying from the far east. India s demand for steel contracted by 91 y o y in april 2020 with end user industries like auto real estate and infrastructure that constitute 80 of demand coming to a virtual standstill. Techsci research calculated the market size of india steel market by using a bottom up approach where data for various end user segments was recorded and forecast for the future years.

Trends in end user consumption in the last three decades india has seen a complete transformation in the end user application of stainless steel. India s per capita consumption of stainless steel touched a new peak of 2 5 kg in 2019 against 1 2 kg per capita in 2010 registering a 100 per cent growth in barely eight years. The stainless steel mill products in india. Stainless steel is an iron containing alloy that s used in a wide range of applications.

Luckily there are plenty of stainless steel companies in india so you can easily buy stainless steel sheets or hire stainless steel welding services among many other options.