The steel industry refers to the sector of the economy that involves the production, processing, and distribution of steel, a vital material used in construction, manufacturing, and infrastructure. This industry encompasses various activities, including the extraction of iron ore, its conversion into iron and then steel through processes such as smelting and refining, as well as the fabrication and distribution of steel products. The steel industry is critical for economic development and is closely linked to other sectors, such as construction, automotive, and shipbuilding. It is characterized by its large-scale operations, significant energy consumption, and substantial environmental impact, including greenhouse gas emissions. The industry plays a key role in job creation and is a major contributor to global trade.
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…