The Indian steel industry dates back to the early 1600s. With industrialization, steel has become an integral part of and is extensively used in various industries like automobiles, construction, consumer durables, and railways, among others.
It is a well-known fact that steel has contributed and still contributes to India’s economic growth exceptionally. After China, India ranks second in crude steel production.
Many Indian entrepreneurs have developed an interest in the steel business, seeing how India offers extensive growth in this sector. Along with private businessmen, government enterprises also started showing interest in such businesses.
The first Indian steel industry Tata Iron and Steel Company (TISCO) started way back in 1907, in Bihar. Following the inception of TISCO, there was the development of many top steel companies in India. While some became steel wholesale dealers, others diverged into steel products like TMT bars and became TMT bar dealers.
Top Steel Companies in India
Let us check some of the leading and top steel companies in India:
Tata Steel Limited
The first name that comes to mind while talking about the leading Indian steel companies is none other than Tata Steel Limited. Founded by JamshedJi Tata in 1907, this was Asia’s first steel company. With its headquarters in Mumbai, Tata Steel Limited is based in Jamshedpur. The company was previously known as Tata Iron and Steel Company Limited (TISCO).
The company has a crude steel capacity of more than 30 million tonnes yearly. Tata Steel Limited is the second-largest steel producer in Europe and it acquired Bhushan Steel Limited and Usha Martin Limited. It is needless to say that Tata Steel Limited has a global presence now catering to steel demands across various industries around the world.
Steel Authority of India Limited (SAIL)
If you are looking for the top steel companies in India owned by the Indian government, Steel Authority of India Limited (SAIL) tops the list for sure. This government-owned steel company is in New Delhi and it has 5 integrated plants for iron and steel manufacturing and 3 steel factories exclusively. All these factories are located in the central and eastern regions of India close to the sources of the raw materials.
SAIL excels in manufacturing and distributing a wide variety of steel products and the company is India’s largest as well as the world’s 20th-largest steel producer.
Jindal Steel and Power Limited
Many people don’t know that Jindal Steel and Power Limited is not only involved in steel manufacturing, but they generate power as well. The business operations of the steel giant are not only in India but in other countries of the world too. Based on turnover, Jindal Steel and Power Limited ranks 5th among the top steel companies in India. The company can also be regarded as a pioneering steel wholesale dealer.
The power generation capacity of the company has helped it in making a strong impact in the steel and power industry. The company owns and operates combined power generation capabilities of 5034 MW. This figure includes the 3400 MW O.P Jindal Super Thermal Power Complex at Chhattisgarh’s Tamnar.
JSW Steel Limited
The parent organisation of JSW Steel Limited is JSW Group. Needless to say, JSW Steel Limited is one of the biggest steel manufacturing companies in India. The company started its steel business with a single plant in 1982. Currently, it is one of the leading manufacturers of high-grade and value-added steel products in India.
Currently, the company has plants in different Indian states including Tamil Nadu, Karnataka and Maharashtra.
JSW Steel Limited has innumerable steel wholesale dealers not only in India but in many other countries in the world. The large-scale presence of the company in the international markets stands as evidence of the fact that the company manufactures the best quality steel for various industrial requirements.
Rashtriya Ispat Nigam Limited
Rashtriya Ispat Nigam Limited, abbreviated as RINL, is one of the leading manufacturers of iron bars and rods in India. A government-owned company, RINL was commissioned way back in 1992 with a production capacity of 3 million tonnes per annum (MTPA) of liquid steel.
The capacity grew to 6.3 MTPA and then to 7.3 MTPA. By increasing the growth capacity, the company experienced a huge increase in revenue earnings too over the years.
Some of the most in-demand products manufactured by Rashtriya Ispat Nigam Limited include rounds, wire rods, rebars, billets and blooms, structurals, pig iron, etc. The company also sells various by-products like slag and coal chemicals including benzol products, ammonium sulphate, etc.
Sree Metaliks Limited
Another renowned and trusted company in India that produces steel is Sree Metaliks Limited (SML). Started recently in 1995, SML has since become a top manufacturer and among the most well-known steel wholesale dealers in India.
If you are looking for authentic top TMT bar manufacturers for your construction requirements, consider purchasing from SML. With the headquarters located in Odisha, apart from supplying quality steel products, SML also boasts of sustainable processes and ethical mining practices.
With an integrated setup of manufacturing and mining units in the Keonjhar district of Odisha, one of the main strengths of SML is its own supply of iron ore from its captive mines. Accredited with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and more, SML is one of the best TMT steel bar manufacturers in India.
You can visit the Sree Metaliks for further information on its myriad steel products such as pellets, iron ore, TMT steel bars, pig iron, and billets.
Apart from the above-mentioned steel companies, there are many other leading steel manufacturing companies in India producing high-grade, good-quality steel for various industrial requirements.
Frequently Asked Questions
It is a matter of great pride that almost all the leading steel companies of India have excellent international reach across various continents and countries, thus generating generous volumes of revenue from international trade.
Most of the leading steel manufacturing companies in India are diverging their business into different areas to increase market reach. They are manufacturing various kinds of steel products including wire rods, billets and blooms, rebars, stainless steel strips for razor blades, hot rolled coils, coin blanks, etc.