India Can Lose the Badge of Second Largest Stainless Steel to Indonesia

On Monday ISSDA (Indian Stainless Steel Development Association)said that in 2021 India can lose the tag of the World’s second-largest stainless steel producer to Indonesia. Surplus production in Indonesia is the main reason. Currently, Indonesia is at 4th position in the production of Stainless steel and can overtake Japan & India with a production of 4.2 million tonnes of stainless steel.