The real beginning of modem iron
and steel industry was made in 1907 only when Tata Iron and Steel Company
(TISCO) were set up at Jamshedpur (Sakchi at that time). The Indian Iron and
Steel Company (IISCO) were set up in 1919 at Bumpur followed by the setting up
of Mysore Steel Works at Bhadravati (now Visveswaraya Iron and Steel Works) in
1923.
Iron and steel Industry witnessed rapid growth after Independence. India produced 16.9 lakh tonnes of pig iron in. 1950-51. The development of iron and steel industry was envisaged during the first Five-Year Plan, but it was during the Second Five-Year Plan that the three integrated steel projects were started at Bhilai, Rourkela and Durgapur.