4 lesser-known facts about the largest steel producer in India

As the largest steel producer in India, MS life continues to make major strides in the global business map every year, many emerging key players are also foraying into this sector. Today we are going to disclose to you some lesser-known facts behind the staggering growth of our steel sector and its promising future.

Rising demand for high-quality steel products for construction

For a sturdy foundation in this fastest-developing nation, there is always an escalating demand for premium-grade steel products. As you know, importing crude and ready-to-use steel for construction come expensive to influence the overall demand and supply for steel in India. This is the reason when the steel price goes high, so is the construction expense and the final price of the finished products. Hence, to balance the production, demand, and supply of quality steel products in the local market, many budding steel manufacturers are offering a wide range of quality steel products for construction.

 

The rapid rise of the indigenous makers

Keeping in pace with the giants, many regional steelmakers like MS life is rapidly emerging as the leading steel producer in India with over 1,50,000MT of yearly production/year. These regional key players deliver world-class steel products, that have a huge demand in the country and beyond boundaries.

 

Recycling to restore resources

The vast network of small-scale steel manufacturers in India are aptly utilizing scrap steel to reduce the wastage of resources and manufacturing several steel products for various applications. You will be surprised to know that almost 40% of the global steel production is processed from recycling scrap steel. In fact, many integrated steel plants in India are utilizing 100% of the scrap steel to reduce the waste of energy which doubles when manufacturing steel from raw materials.

 

Automated facilities

Despite some roadblocks, Indian steel is embracing innovation to propel its yearly growth and ensure error-free quality-checking from sourcing raw material to the finished product. Adapting to innovation has been a driving force for the steel companies to reduce labor costs and witness staggering profit.