Top 10 Steel Manufacturing Companies in India 2023

Top 10 Steel Manufacturing Companies in India: Whether it is textile, paint, or steel, India has abundant resources in every sector. India is considered as the 2nd largest steel producer around the world, replacing Japan in 2019. You cannot think about almost everything without steel. It is considered as one of the essential commodities in our lives. Railway tracks, bridges, buildings, household products are all made of steel. It is present in every sphere of our lives.

India has made a significant contribution to steel production to the global economy. According to statistics recorded in 2017-18, India’s steel consumption would reach nearly 230 metric tonnes from 90.68 metric tonnes. The country is capable of producing over 138 million tonnes of finished steel per annum. Not every company can make better quality steel because it needs a lot of precision and craftsmanship.

So here is a list of the top 10 steel manufacturing companies in India. These are major steel companies in India that have been serving their best quality with customer satisfaction.

Tata Steel Ltd

Tata steel has been one of the well-known steel producers for over long years. The company is perhaps considered to be the largest steel manufacturer in India. Their business spreads across the whole world. Being the main part of Tata Group, the steel company was established in 1907. Being an old player in the game, they have provided quality products, and that is why they are considered as the second-largest steel producer in Europe.

With their presence, India has seen an uplift in the economic growth of the country. Its headquarter is situated in Mumbai. Operation across 26 countries overseas, the numbers are still increasing with the focus on quality service. Tata Steel Ltd acquires Bhushan Steel Ltd and Usha Martin Ltd. 

JSW Steel Ltd

Being known as the subsidiary company of JSW Group, JSW Steel Ltd is considered as the second-largest steel company in India. The company has earned a reputation in the steel industry over the years. Their focus on technological advancement has made the company a pioneering figure in India and the world. They started their journey with one plant in 1982 but now the company rank 7th among the top 34 world-class steel maker by world steel dynamics.

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They have bagged some of the notable construction projects, such as Yamuna Expressway, Hyderabad Metro, and Mumbai T2 Airport. The headquarter is based in Mumbai. Spread across over 140 countries, JSW Steel is one of the fastest-growing steel manufacturing companies in India.

Steel Authority of India Ltd

As we trace back the history of Steel Authority of India (SAIL), we get that the company was formed with the name of Hindustan Steel Limited (HSL) in 1954. The government of India owns it with its headquarter in New Delhi. With more than 68,742 employees, the company is considered as the 20th largest steel producer in the world. They are continually upgrading and building new facilities with a focus on Green technology.

They have integrated with some of the well-known steel plants in India such as Bhilai steel Plants, Bokaro Steel Plants, Rourkela Steel Plants, Durgapur Steel Plants, and IISCo Steel Plants. This fastest-growing public sector unit manufactures and sells a wide range of steel products around the country.

Essar Steel India Ltd

Started under the flagship of Essar Group, Essar Steel was established in 1998. They produce 10 million metric tonnes of steel every year. Their business caters to various kinds of segments such as shipbuilding, yellow goods, pipe making, hyper-carbon industry, power plants, engineering, and defence. Being a zero-waste company, Essar Steel is engaged in activities like rainwater harvesting, controlled water usage, and gas management. Their headquarter is in Mumbai.

Jindal Steel & Power Ltd

 Jindal Steel & Power Ltd is yet another huge name in the steel industry. Being a part of Jindal Group, JSPL spreads across the world including Africa, Australia, Indonesia, and Oman. They are listed on the Bombay Stock Exchange and National Stock Exchange. Giving a quality service over the years, JSPL has gained the position as the third-largest steel producer in India.

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With 6153 employees, the company’s headquarter is situated in New Delhi. They manufacture and sell sponge iron, Ferrochrome, iron ore, mild steel, hot rolled plates, and many more in the list.

Rashtriya Ispat Nigam Ltd

Popularly known as Vizag Steel, Rashtriya Ispat Nigam Ltd is a Government of India, owned steel producer based in India. The company was founded in 1982. Currently, they have more than 17,574 employees with $2.9 billion in revenue. In 2010, RINL got the “Navratna” status from the Government of India. RINL produces rounds, structural, wire rods, rebars, pig iron, etc. and they are known for their quality.

Bhushan Steel – Tata Steel BSL

Formerly known as Bhushan Steel, Tata Steel BSL was established in 1987. Their work includes Hero MotoCorp, Maruti Suzuki, Mahendra, LG, Whirlpool, Godrej, and many more. Their headquarter is situated in New Delhi. Tata Steel acquired Bhushan Steel in 2018. Their products range from cold-rolled, colour coated tiles, galvanised, Tata Shaktee, strips, wire rods, etc.

VISA Steel

Headquartered in Kolkata, Visa Steel has added value to the Indian steel industry. The company was established in 2000, and now it is considered as one of the pioneering companies in India. They are experts at producing Ferro Chrome, Wire Rods, and Bar Rods. Listed on the Bombay Stock Exchange and National Stock Exchange, Visa Steel is counted as one of the top 10 steel manufacturing companies in India. 

MESCO Steel

MESCO was established in 1992 with its base in Odisha. Providing better quality service, the company has gained a reputation in the steel industry. They offer products such as Pig iron, iron ore fines, plates, boulders, etc., the company mainly deals with two segments – Iron and Steel.

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FACOR Steel

Spread across the world, FACOR Steel marked its beginning in 1956. The company is also known as The Ferro Alloys Corporation Limited headquartered in Nagpur, Maharashtra. Being accredited under ISO 9001:2000, they give their quality service with Stainless Steel, Valve Steel, Silico Manganese Steel, and many more.