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      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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