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India’s stainless steel production rose 7 percent in 2018

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India’s stainless steel production rose 7 percent in 2018

May 24, 2019

 

Indian stainless steel production rose more than 7 percent to 3.47 million tons in 2018, said k. k. Pahuja, President of the Indian stainless steel development association. India’s growth in stainless steel production has been helped by steady growth in construction, infrastructure, transportation and consumer durables. Last year saw a significant growth in the manufacture of stainless steel subway cars in India, as new generation of trains and modernization of railway stations opened up new application space for stainless steel. All these have become the driving force of Indian stainless steel growth. Affected by global trade protection, India’s exports of stainless steel fell.

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