Internationalism No. 84, February 2026 Page 13 From the series The world steel battle Just over fifteen years ago, in the article “La rincorsa siderurgica dell’India” [ India’s Steel Catch-Up , April 2010], we focused on the rise of the Indian steel industry. Today, it ranks among the world’s giants and second only to China, having overtaken the United States, Japan, and finally the EU-27 plus the United Kingdom. In the early months of 2025, the annual growth rate of Indian steel production was still above 10%, compared with stable figures not only for global production but also for Chinese output. Alongside the advance of the national steel industry, Indian families at the head of major steel groups are increasingly active internationally. In addition to the Mittal and Tata dynasties, Gupta’s Liberty Steel and the two branches of the Jindal family are now present on the global market. ...