India’s stainless steel production slides in 2020
6 Apr 2021 15:25 reported by Joy Liu
According to statistics from Indian Stainless Steel Development Association (ISSDA), the country’s stainless steel production totaled 3.17 million tons in the calendar year 2020, sliding by 19% compared to the previous year.
Although India implemented a national COVID-19 lockdown from April to June 2020 and suspended stainless steel production during the period, India still ranked second of the stainless steel producer in the world, only followed after China, which accounted for more than half of the global output.
The Indian government was urged by the ISSDA to take measures to support the local manufacturing and limit unnecessary imports in order to resume the Indian stainless steel industry.
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