Capital Market News India has become the 2nd largest consumer of finished steel in the world. The finished steel consumption was 106 million tons (MT) during the FY22. The per capita steel consumption in the World is around 233 kg. However, the per capita consumption of steel in India is around 77.2 kg, gone up by 50% in last 8 years, which is 1 3rd of the average world per capita steel consumption.