Productivity analysis of select steel companies in India
Dr. P Chellasamy, R Selvakumar
India is the world’s third-largest producer of crude steel in 2016. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Steel is a critical industry in worldwide, and steel products are a heavily traded commodity. In recent years, market changes, shifts in import and export levels, and weakness in the global demand for steel have negatively impacted steel industries across the India. The objectives of the study are examining the productivity efficiency of the steel companies in India. The study used to secondary data in the year of 2006-2007 to 2015-2016. The study found that even though the steel production has been increasing, the companies are not in a position to export more.