India's crude steel production rose 12.2 percent to 140.7 million tonnes in 2023, the fastest growth among the world's major steelmakers, consolidating the country's position as the second largest producer after China. Japan, by contrast, saw output fall 2.5 percent to 87.0 million tonnes. India's mills benefited from strong domestic demand for infrastructure and construction, and the country also became the world's second largest importer of recycled steel, with imports up 40.4 percent to 11.8 million tonnes, mostly from Europe and North America. Recycled steel use inside India rose 11.5 percent to 29 million tonnes. India's rise has been the main shift in the global steel map in recent years: it overtook Japan as the world's second largest producer in 2018, and the gap has widened every year since.
Source: Bureau of International Recycling (BIR) — https://www.bir.org/members-area/world-mirrors/mirrors-ferrous/1000030286-world-steel-recycling-in-figures-january-december-2023-update
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