Size

• India is among the top 10 global suppliers of aluminium and steel in the world.
  • About 35 million tones of steel is produced in India.
  • India is also the largest producer of sponge iron in the world.
  • India consumes over 0.75 million tones of aluminium and 0.4 million tones of copper annually.

Structure

• SAIL and Nalco are two Public Sector Units having a significant presence in most metal industries.
• Tata Steel, Hindalco and Sterlite are the major private players in the industry.

Policy

• 100% FDI is allowed under the automatic route for metallurgy and processing of all metals.

Outlook & Potential

• India has the potential to become one of the worlds top five suppliers and consumers for aluminiuim and steel.
  • Steel consumption is expected to grow by 8% p.a. to 60 million tones by 2010.
  • Aluminuin demand is expected to grow by 10% p.a. for the next ten years.
• India is one of the lowest cost producers of steel, alumina and aluminium.
• India presents large investment opportunities in integrated steel, copper and aluminium plants and recycling plants for secondary aluminium.
• Large integrated international metal manufactures including POSCO, Mittal Steel and Dubai Aluminium have announced plans for setting up plants in India.