Indian stainless steel consumption touches 2.5kg/capita

Per capita consumption of stainless steel in India has touched a new peak of 2.5 kg in 2019, against 1.2 kg per capita in 2010, registering an increase of over 100% in a period of just eight years. This milestone achievement was announced during the inaugural session of the 30th foundation anniversary celebration of the Indian Stainless Steel Development Association (ISSDA). Henceforth, India ranks among the top 15 countries in the world in terms of per capita consumption of stainless steel. This was accomplished through collaborative efforts of the domestic stainless steel industry led by ISSDA, along with the pro-industry policy initiatives of the Ministry of Steel. Stainless steel demand in diversified applications such as Architecture, Building & Construction (ABC), Automobile, Railways & Transport (ART), Process Industries and White Goods, apart from conventional use in kitchenware and utensils, led to this increase.

High recyclability, resistance to corrosion, and a virtually maintenance-free life make stainless steel an indispensable metal for diverse sectors including railways, metro projects, bridges, nuclear, transportation, heavy machinery, process industries, kitchenware, etc.

Source: Stainless Steel World, Photo: Fotolia