Abstract
India is a reputed name in the world steel industry; the country' s steel
industry is catching up the pace and luring the steel majors from all over the
world. The industry has gained strength from the strong Indian economy, and
strong sectors like infrastructure, construction and automobile. Although
India consumes less steel as compared to other Asian countries, it was ranked
the fifth major crude steel producer in the world in 2008. Thus, the country
offers vast scope for the steel industry in future.
However, the current economic turmoil has dented the growth curve of various
industries such as construction, which, in turn, has hit the Indian steel
industry hard. But with the government' s plans to boost up the economy by
injecting funds in various industries like infrastructure, construction,
automobile and power, growth is well expected in near future, says
“Indian Steel Industry Outlook to 2012”, a new report by RNCOS.
As per our research report, steel consumption in India is expected to grow
considerably in the coming years. Per capita finished steel consumption in the
country is estimated at around 44 Kg in 2008-09, which is projected to reach
54 Kg by the end of 2011-12, thereby representing tremendous growth potential
in the coming years.
“Indian Steel Industry Outlook to 2012” provides the rational
analysis and extensive research on the steel industry of India. The report
gives a detailed analysis of the forces which have shaped the Indian steel
industry over the past years. The report also includes detailed analysis and
future outlook of various industries related to the steel industry, including
automotive, consumer durables, aerospace and marine, power, telecom, railways,
and housing industries.
The report classifies the finished steel product market into two categories -
alloy and non-alloy. It also covers the information on industry-wise steel
demand, overall steel consumption, production and trading market. Apart from
this, it also provides industry forecast (FY 2010 to FY 2012) on the
following segments:
- Finished steel consumption
- Non-alloy steel products demand
- Per capita finished steel consumption
- Import of steel products
- Stainless steel production and consumption
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