The steel industry refers to the sector of the economy that is involved in the production, processing, and distribution of steel, which is a vital material used in construction, manufacturing, and various engineering applications. It encompasses the entire supply chain, from the extraction of raw materials such as iron ore and coal to the production of finished steel products. This industry is characterized by its use of large-scale industrial processes, including smelting, refining, and alloying. The steel industry plays a crucial role in the global economy, as steel is essential for infrastructure development, transportation, and machinery. Additionally, it is influenced by global demand, technological advancements, environmental regulations, and market fluctuations. The steel industry also focuses on sustainability and reducing carbon emissions through innovations in production methods, such as electric arc furnaces and recycling initiatives.
India's primary steel manufacturer, the Steel Authority of India Ltd (SAIL), has announced an exciting collaboration with the Indian division of the John Cockerill Group. This strategic partnership signifies a…