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Metals and mining
Mining & Metals are the backbone of the global economy. Standing at the beginning of most value chains, the Mining & Metals industry is a critical supplier of essential inputs and a global generator of trade and employment. It also has important environmental, fiscal and social effects, and acts as a catalyst for the economic progress of numerous mining-dependent countries in the world.
The Mining & Metals industry comprises the extraction of useful minerals from the ground, including oil and gas, coal, metal ores and non-metallic minerals, and related support activities. It also includes activities lower down the supply chain, such as metal processing, manufacturing of metals and a variety of fabricated metal products, such as cutlery, metal structures, boilers, tanks and ammunition.
The Indian steel industry contributes around 2% of the country GDP and employs some 500,000 people directly and about 2mn indirectly. The Indian government sees the steel sector as strategically important and as a foundation for rapid ...
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Alongside mining, non-ferrous metal processing is vital to the Indian economy, as it provides inputs to industries across the country’s manufacturing spectrum. Despite the high reported levels of self-sufficiency in many metallic minerals, ...
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The Indian mining sector’s GVA accounted for some 3.8% of GDP in FY2016, as against 4.5% in the previous year. A number of mining commodities, such as crude oil, coal and iron ore, are not only domestically produced but also imported, which ...
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India is the world’s third-largest crude steel producer, third-largest finished steel consumer and the global leader in sponge iron manufacturing. The country claims nearly 6% of the global crude steel production and around 5% of the pig iron ...
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