Home Business Top 10 Steel Companies in India (2024) You need to know

Top 10 Steel Companies in India (2024) You need to know

In today’s world, you cannot move an inch without using steel in any of its myriad shapes or forms. There is steel in our cutlery, in our buildings, our watches, our vehicles and even in some of our electronics. Without steel, most of the modern technology would not exist in the form that it does.The importance of this metal cannot be overstated, and it is crucial that every country has a dependable production of it.

Making quality steel from iron ore takes a lot of precision and craftsmanship, and not every company is up for the task. Thankfully, the steel industry in India has some incredible companies that have taken a solemn vow to supply India and its citizen with only the best quality steel. This list of top ten steel manufacturers in India will help you decide the best option for your business requirements. So,

Here’s The list of Ten Best Steel Companies in India:

Rashtriya Ispat Nigam Limited (RINL) vizg steel Best Steel Company In India

One of the most profitable ventures of the Indian government, the Rashtriya Ispat Nigam Limited has been producing excellent steel ever since its inception in the year 1982. Rashtriya Ispat Nigam Limited is also known as Visag Steel since its headquarters are located at Visakhapatnam.

As a high profile government company Rashtriya Ispat Nigam Limited earns an estimated two billion dollars a year. This a testament to the fact that Rashtriya Ispat Nigam Limited has a steady patronage from customers not only within the country, but internationally as well.


NMDC

NMDC Best Steel Company In India

NMDC, which was previously known as National Mineral Development Corporation, is an Indian mineral producing company which is completely owned by the state. Around 73% of the company is owned by the Government of India under the administrative control of the state Ministry of Steel.

It was founded in 1958 and is headquartered in Hyderabad with around 5,700 employees working under it. The company specialises in the exploration and manufacturing of iron, copper, magnesium, rock phosphate, limestone, diamond, tin, tungsten etc. But the primary focus of the company is steel. During its foundation, it was purely an iron ore exploring company, but along with its diversification, the manufacturing of steel has become the primary target with the establishment of about three green field plants in Karnataka and Chhattisgarh.


MONNET ISPAT Pvt. Ltd.

MONNET ISPAT Pvt. Ltd. Best Steel Company In India

Monnet ISPAT Pvt Ltd is a private group of steel production plant companies in India which was created in December 2018 as a joint venture of the AION Steel Company and JSW steel Limited. It was originally established in 1994 but then it was known as Monnet ISPAT and Energy Limited (MIEL).

It is a company established as a manufacturing and marketing house for Sponge Iron, Copper and most primarily Steel in India. It has a world class integrated green field steel plant in Raipur which produces mainly HR plates, regards and other items to cater the increasing infrastructure in the country. The company claims to produce cost effective steel because of the use of modern technology which reduces the use of raw materials like coking coal and iron ore lumps.


JAISWAL NECO

JAISWAL NECO Best Steel Company In India

Jaiswal NECO or Jaiswal Steel Industries is a party of the Shiv Shambhu Group of Industries which has been an integral part of the steel production chain in India for over half a decade now. It is situated in Jamshedpur, Jharkhand and is one of the largest corporate groups of India.

Jaiswal Steel Plant is known to provide comprehensive and cost effective steel products all over India. The employees are hired based on their working skills and the design team assists the customers in designing and fulfilling their inventory demands. The steel plant is well connected through road, rail and air and hence the transportation of goods and the visits are an easy task for the people.


UTTAM GALVA STEEL LTDUTTAM GALVA STEEL LTD Best Steel Company In India

Uttam Galva Steel is one of the largest producers of cold rolled steel and galvanized steel in India. Uttam Steel Plants were founded in 1985 and are headquarter in Nagpur, Maharashtra. It primarily produces hot rolled steel and then turns them into both cold rolled steel and galvanized steel. Once upon a time it was the biggest revenue generating steel plant in India with a calculated revenue of about Rs. 44,963.8 million in the year 2009-10.

The plants also specialises in the production of colour coated steel rolls. The Uttam groups has two more running plants in Wardha, Maharashtra and the plan is to double the capacity of steel production in the two plants soon. A new integrated steel plant is also going to be established in Satarda District of Maharashtra by the Uttam groups but around 2023.


PSL STEEL

PSL STEEL Best Steel Company In India

PSL Steel Plants is one of the largest producers of steel in India and Pakistan, with included production of pipes and pipelines. PSL is one of the largest transporters of pipelines to the American Petroleum Institute (API) for the job of transportation of oil, gas and petroleum.

It is one of the largest steel and pipe manufacturing companies in the Asian subcontinent with about twelve green field plants scattered in India at Ahmedabad, Chennai, Kolkata etc. and Sharjah in Pakistan. The plants have an overall production capacity of an excess of 1 million ton, making it the largest producer of HSAW steel pipes in Asia. It is India’s largest steel producing plant and is branched globally as well. A separate green field plant has been set up in Mississippi with a capacity of 300,000 ton. The global market of the PSL ranges from the UAE to the United States of America.


PRAKASH IND

PRAKASH IND Best Steel Company In India

Prakash Ind or Prakash Steelage Limited is one of the leading producers of steel pipes in India. It is a part of the Prakash Group of Industries and specialises in the production of steel pipes, pipelines, tubes and U-Tubes. The Prakash Steelage has been a stable and growing industry of steel and pipe in India and was founded in 1996. It is a pre-eminent company producing high quality stainless steel welding pipes and tubes.

The Prakash Steelage recently set up a joint venture with the German steel company Tubacex and has been working with the technology since then. The market of the company is not limited in India only. The global market of Prakash Steelage Limited ranges from North America, South East Asia and Africa to Middle East and Europe.


MAH STEELMAH STEEL Best Steel Company In India

Maharashtra Steel Manufacturing Company is one of the eminent steel manufacture company of India established in Maharashtra. It was started in the year 1985 and has become one of the largest producers of steel products in the country and the Asian subcontinent as well. Along with steel, the company prioritises the production and marketing of steel pipes, which include Hollow section pipes, Seamless pipes, Carbon steel pipes and Welded pipes.

The company has gained a lot of trust because of its high quality products which undergo several tests after being finalised for sale. The steel pipes and products produced by the company are mostly used because of their properties of durability, dimensional stability, high strength, capacitive compatibility and resistance to corrosion. The company also offers various services like free sampling, wide range of delivery and timely delivery of products, making it a favourite in the steel market.


MSP STEEL PLANTSMSP STEEL PLANTS Best Steel Company In India

MSP Steel Plants is a big name in the Indian and Asian market of steel and steel products. It is one of the biggest manufacturers of steel in India and is market ranges from Asia to Europe, America and Africa. It was established in the year 2003 and hence has made a big name in a short span of time in the competitive steel market. It is currently one of the biggest turnover enterprise in India, with a turnover figure of Rs. 1200 Crores.

It has established its integrated green field steel plant in Raigarh, Chhattisgarh. The company also boasts of facilities like bar and structure mills, coal washery, billet and ferro –alloy units amongst others. Recently, MSP Steel plants signed a MOU with the Government of Chhattisgarh to facilitate the steel production and increase it to about 1 Million TPA, and this is one of the biggest production amount in the Asian Subcontinent.


GODAWARI POWER AND ISPAT LTD

GODAWARI POWER AND ISPAT LTD Best Steel Company In India

Godawari Power and ISPAT Limited is another integrated steel manufacturing plant in India. It was formerly known as ISPAT Godawari Ltd (IGL) and was established in the year 1999. It has an integrated green field steel plant in Raigarh, Chhattisgarh and works with a lot of skilled and experienced employees.

It is a constituent part of the Hira Group of Companies and is a flagship enterprise having a dominance in the competitive steel market of the country. The GPIL is one of the leading companies in the production of mild steel wires of great durability and resistance to corrosion. It also specialises in the production of sponge iron, billets, Ferro alloys, captive power, wires rods, steel wires, oxygen gas, fly ash brick and iron ore pellets.


KIOCL

KIOCL Best Steel Company In India

KIOCL is one of the largest and most capacitive steel producing company in India. It was formerly known as Kudremukh Iron Ore Company Limited at the early stage of its establishment as it was started as a manufacturing plant for iron ore. But it became one of the largest marketing company of steel in India and hence the name was changed. It was founded in the year 1976 and is headquartered in Bangalore, India. The KIOCL had one of the largest iron ore mine in the world as Kudremukh Mines, which was shut down by the Government of India in 2006 following some controversies.

Now, the KIOCL is a fully owned enterprise of the Indian Government. It was one of the first mining companies in the world to transport the mined ores from the Western Ghats to the palletisation plant in Mangalore through pipelines. The palletisation plant has a capacity of producing 3.5 million ton of steel per annum and the market ranges from Japan, Taiwan to Iran and China.


APL APOLLO

APL APOLLO Best Steel Company In India

APL Apollo is one of the largest and most reputed production company of steel in India. In fact, it is the largest producer of Electric Resistance Welded steel pipes in India. Electric Resistance Steel pipes are those pipes which do nothing conduct electricity and are good insulators, and APL Apollo is the largest producer of these steel pipes.

As per the company, the green field plants have a capacity to produce about 2.5 Million ERW steel pipes per annum. The company is not limited to marketing in India only, and the marketing ranges to around Asian Countries to America, Japan, China, Myanmar, Africa and other 20 countries all around the globe. APL Apollo has about 29 steel pipe plants and branches all over India which facilitate the large scale production of the steel products.


VISA Steel

visa steel Best Steel Company In India

Established in the early 2000’s by Vishambhar Saran, VISA Steel is a Kolkata based steel company. VISA Steel has revolutionised steel production in India, and is hailed as one of the pioneering private steel companies in the country. Current steel prices in India are mostly set by the competitiveness in the market, and VISA Steel does its best to deliver quality products at a reasonable rate.

VISA Steel mostly deals with two kinds of products. Firstly steel bars and wire rods, both of which are used in various construction works. Secondly ferro chrome, which is used to make stainless steel products.


Essar Steel Essar Steel Best Steel Company In India

Founded by the Essar Group in 1998, Essar Steel has been doing phenomenal business ever since. It has an unbelievable production rate, churning out ten million metric tonnes of steel every single year. As a result of their consistency, Essar Steel has customers coming in from all over Asia and North America.

Essar Steel also produces a wide variety of steel based material, such as burnt-to-shape plates, pipes, factory welded steel and beams. Thanks to such range and production capability, the company has an exceptional profit margin and earns nearly three billion dollars annually.


Also Read: List of 10 Best Cement Companies in India


TATA Steel tata steel Best Steel Company In India

Perhaps the largest steel plant in India, TATA Steel has for been for decades the most well-known steel producer in the entire country. The TATA group of companies has always been well known for their work ethic and their excellent products and services, but TATA Steel is a company that has uplifted the steel industry in India in a variety of ways.

They introduced new techniques, new machinery and have also been exceptionally mindful of their civic and social duties. With earnings surpassing twenty billion dollars each year, TATA Steel is the company to look up to if you are interested in steel production in India.


JSW Steel jsw Best Steel Company In India

One of India’s largest steel conglomerates, JSW Steel has been blazing the trails of business acumen and steel production for the past few decades. Part of the Jindal group, this company has been India’s steel ambassador to many countries such as the United States of America, Italy, Chile and the United Arab Emirates.

As India’s largest steel exporter, JSW Steel has not only created a name for itself internationally, but has made the country proud through is efficiency and high standards. Not only that JSW Steel has had a hand in the construction of various important infrastructures in India, such as the Yamuna Expressway, the Hyderabad Metro and the Mumbai T2 Airport.


Bhushan Steel

Bhushan Steel Best Steel Company In India

If you have owned, driven or ridden in any automobile manufactured by Hero Motocorp, Maruti Suzuki or Mahendra, then you have come across the fruits of Bhushan Steel’s labour. For it was with their steel that the chassis and many other essential parts of the car were constructed.

Their products have been used by many other high profile companies like LG, Godrej and Whirlpool. Just a look at their clientele list is enough to let you know that, as steel producers, they are at the top of their game.


MESCO Steel

MESCO Steel Best Steel Company In India

A steel plant located in Odisha, MESCO Steel began operations in 1992 and has been a force to reckon with since. It has set a competitive steel price in India and has made sure that no corners are cut is its production work.

MESCO Steel specialises in making iron ore fines, calibrated pump ore and pig iron. However, they also make sure to produce a variety of other steel products, such as plates, boulders and runners.


FACOR Steel

FACOR Steel Best Steel Company In India

One if the earliest steel plants established in the country, FACOR Steel saw the light of day in the year 1956, when it was founded by the Late Sri Durgaprasadji Saraf. Since then, FACOR Steel has strived to be a leading producer of steel products in the country.

They list of products are used in households as well as in construction sites all across the country. Stainless steel, valve steel, semi fine cutting steel, silico manganese steel and many more fine products are made by FACOR Steel.


Steel Authority of India Limited (SAIL)

Steel Authority of India Limited (SAIL) Best Steel Company In India

A name synonymous with steel production in India, the Steel Authority of India has been leading the governmental steel production in the country. They are, of course, the governing body that created the Rashtriya Ispat Nigam Limited in order to bolster steel production in the country. Steel Authority of India manufactures steel that can be utilised in all walks of life.

From making a roof in a rural village, to construction a railway station in a metropolitan location, the Steel Authority of India has made sure that each and every citizen has access to the finest quality steel.


Jindal Steel and Power

Jindal Steel and Power Best Steel Company In India

Yet another proponent of the Jindal Group, Jindal Steel and Power and become a major steel player in the private market. Famous for many products, especially their Jindal Panther TMT Bars, the company has been shooting for the stars from the get-go. Not only has Jindal Steel and Power been making expansive strides in the Indian market, it has also spread its wings abroad.

In Africa, the company has started its operations in the key cities of Melmoth, Botswana, Madagascar, Namibia and Senegal (amongst others). Not only has that, Jindal Steel and Power also established a firm foundation in Australia, Indonesia and Oman. As the days go by, it can only be expected that Jindal Steel and Power will continue its phenomenal growth, and bring prosperity and business opportunities to the country.


As we have learnt, steel is needed in almost every aspect of life. You could be a chef, a mechanic, a builder or an accountant, but in one way or the other, you will always need steel in your life. These companies are the best in the country and they have proven, time and again, that if you put your trust in their product, then that trust will not be misplaced.

Whether the company you choose is private or public, small or big, if they happen to be on this list, then you can rest assured of the quality. Because not only are these the ten best steel production companies in the country, but they happen to be some of the best steel producers in the world.

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