Steel occupies a prominent place in the manufacturing industry in India. Development of Steel Industry in India covers the refractory industry, the cold rolling industry, the sponge iron industry and reserves, with focus on the export prospects, global competitiveness and research & development. Given the importance of infrastructure, a special analysis of it has been made. The book also discusses every major steel plant and examines different end uses of steel production, current and potential. Tables and charts have been suitably provided to explain various issues. A brief analysis of e-commerce is also included. In the technology appraisal section, core performance areas and key issues have been discussed at length. The conclusion details the future scenario of the industry. The book includes detailed discussions on complex matters, which would be of interest and use to both technologists and administrators.

This monograph aims to analyze the economic and business history of colonial India from a corporate perspective by clarifying the historical role of institutional developments based on archival evidence of a representative enterprise. The perspective is distinctively unique in that it highlights the salience of corporate-level institutional responses to explain the causes of colonial India’s industrial growth, in addition to two renowned perspectives focusing on government economic policy or factor endowment. One of the driving forces of India’s high growth rate since the 1980s is the expansion of modern business corporations whose origins date back to the colonial era in the mid-nineteenth century. This monograph explores the historical foundation of the growth of such corporations in colonial India, guided by a substantial collection of documents of Tata Iron and Steel Company, whose rich records have not received the due attention they have long deserved. As clarified by numerous economic and business historians of leading industrialized countries since the works of Douglass North and Alfred Chandler, this study as well proposes that the development of modern business corporations in colonial India was broadly supported by the reciprocal evolution of economic institutions and corporate organizations. Adding a new perspective to the business and economic history of colonial India, the analysis also provides an important case study of the development of corporate business in the non-Western world to the study of global business history.

Steel is the foundational material of modern civilization and constitutes the core of industry, and yet, it is overproduced across the world. This supply glut is reducing margins and turning steel into a sunset industry. Steel consumes as much as four times the amount of raw materials as its produced volume, and the sheer bulk of the steel makes it costly to transport. Because of this, countries prefer to make their own rather than to source it across land and sea. The Indian steel industry has grown from being the tenth largest steel producer in the world in 1991 to emerging as the second largest, after China. This book aims to reveal, through data and the use of simple economic concepts, the mistakes that abound in the discourses surrounding the steel industry. Its main objective is to dispel the many myths that are perpetuated by policy makers and the industry in order to benefit a small coterie of large firms, and discusses how through such favours the Indian steel industry is set to lose out in terms of margins, products and growth in technology. It covers the unique role of the Indian state in the development of the broad base of steel production, and observes the change in the direction in policy, which reverses the economic equality of the past and promotes collusion among oligopolies leading to overexpansion in capacities. Economics of the Indian Steel Industry will be of interest to students of industrial economics and corporate strategy, as well as financial managers and policy makers.

Study of the development of the steel sector of the iron and steel industry in India and of its role in national planning for economic growth - covers capital and labour force resources, government policy and control, location of industry, raw materials, investment, production, domestic and foreign demand for steel, etc., and includes in appendix financial aspects (incl. Historical aspects), cost and regression analyses. Maps, statistical tables, references, and annotated bibliography pp. 311 to 326.

The Birth of an Indian Profession is the first comprehensive history of engineers in modern India. Charting the development of the engineering profession in the country from 1900 to 1947, it explores how engineers, their roles, and their organization were transformed during the politically tumultuous interwar years. Through detailed case studies of engineers in public works, railways, and private industry, the book argues that the profession, once dominated by expatriate British engineers closely associated with the state, saw an increasing proportion of Indian members, and an emerging emphasis on industrial engineering. In the process, it fashioned for itself an Indian identity. Turning the spotlight on practitioners of technology and their professional lives, Ramnath explores several themes including the work culture of engineers, their conception of their own identity, their status in society, and their relationship with the evolving colonial state. In so doing, he provides a fresh perspective on the history of science and technology in twentieth-century India.

In this preface, we emphasize the pivotal role of the Indian steel industry in driving India's economic growth. We highlight steel as an essential product for the development of any modern economy, often considered the backbone of human civilization. The per capita steel consumption serves as a crucial indicator of a country's socioeconomic development and living standards. India, a key player on the global steel map, has continually advanced its steel sector. It has established state-of-the-art steel mills, continuously modernized older plants, enhanced energy efficiency, and integrated with global raw material sources. Strong linkages between large, technologically complex industries and steel products exist, contributing to both material flow and income generation. The survival of robust steel industries characterizes major industrial economies in India, significantly shaping their early progress. The liberalization of the industrial sector marked a turning point for the Indian steel industry, which swiftly adopted the latest technologies, including the installation of new Greenfield plants. This led to increased output and higher positioning within the value chain, resulting in a rise in exports and greater integration with the global economy. However, this expansion also led to regional diffusion, affecting domestic supply, particularly in the western region. Considering India's status as a developing nation, the steel industry's significance cannot be overstated. The demand for steel is extensive, from constructing bridges and railways to manufacturing rolling stock, ships, vessels, and various machinery. Critical sectors like railway locomotive production, shipbuilding, and light machine construction depend on a stable steel supply. Consequently, steel consumption remains a key indicator of our country's economic development. In traditional sectors, steel holds a monopoly, while specialized steels find applications in engineering industries such as power generation, petrochemicals, and fertilizers due to increased production.