In FY-20, India’s steel production was 109 MT, and it is the second-largest steel producer on the planet, after China. India’s per capita consumption of steel was around 75 kg, which has risen from 59 kg in FY-14. Despite the increase in consumption, it is much lower than the average global consumption of 230 kg. The per capita consumption of steel is one of the strongest indicators of economic development across the nation. Thus, India has an ambitious plan of increasing steel production to around 250 MT and per capita consumption to around 160 kg by the year 2030. Steel manufacturers in India can be classified based on production routes as (a) oxygen route (BF/BOF route) and (b) electric route (electric arc furnace and induction furnace)....