Question

    Which country is the world's largest producer of

    Steel?
    A India Correct Answer Incorrect Answer
    B China Correct Answer Incorrect Answer
    C Russia Correct Answer Incorrect Answer
    D South Africa Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    • In March 2022, with a production of 10.9 million tonnes of steel in India, the growth rate is 4.4%.
    • In October 2021, India was the world’s second-largest producer of crude steel, with an output of 9.8 MT.
    • India is also the largest producer of Direct Reduced Iron (DRI) or Sponge Iron in the world in January – December, 2019, producing 36.86 million Tonnes Sponge Iron with growth rate 7.7%.
    • The Government anticipates bringing in additional investment of about Rs.40,000 crore along with generating an overall employment to about 5.25 lakh.
    • Under Union Budget 2022-23, Rs. 47 crore were allocated by the government to the Ministry of Steel.

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