INDIAN STEEL INDUSTRY – SNAPSHOT
In the year 2019 India was the world’s second-largest steel producer with a production of 111.2 million tonnes (MT). The growth in the Indian steel sector has been influenced majorly by the domestic availability of raw materials and cost-effective labor. The steel sector has been one of the major contributors to India’s manufacturing output.
Market Size
- India’s finished steel consumption has grown at a CAGR of 5.2% during FY16-FY20 and reached around 100 MT of production
- India’s crude steel and finished steel production increased to 108.5 MT and 101.03 MT in FY20P, respectively
- During the period of April 2020 and January 2021, India’s cumulative production of crude steel recorded at 87.21 MT and finished steel at 76.04 MT
- Export of finished steel recorded at 8.84 MT between April 2020 and January 2021
Applications for Industries
- Aerospace and defense industries also required printing on metal components such as parts for aircraft engines, structural parts, aircraft fittings, and more.
- Consumer-products manufacturers require inkjet printing for printing on control panels, knobs, controls, and other components
- Medical-device requires inkjet printing to categorize devices with marking and coding
- Art & Sculpture metal print has become an essential element in today’s market. Several different printing processes have been adapted to their needs
- Architecture metals used for architectural purposes in a range of applications including roofing and decoration
Steel printing machine:
Pixeljet® VELOCITY
