India is the eighth largest producer of crude steel in the world. With total crude production of 38 million metric tonnes (mmt), India accounted for 3.37% of global steel production.
Key Findings & Highlights - Indian steel industry is the world’s 8th largest steel industry. - India is a major exporter of pig iron. India’s finished steel exports have declined by 5.37% (CAGR) from 4.83mmt in 2003-04 to an estimated 4.35mmt in 2005-06. - Steel companies are in capacity expansion mode as the industry is targeting to achieve 100mmt capacity by 2020. - With a large number of infrastructure and housing projects coming up in India, steel consumption is expected to grow at a CAGR of 4.26% during 2006-09
Reasons to purchase - Reveals significant mergers & acquisitions occurred in global steel industry. - Understand the growth rate of carbon steel production and about the contribution of primary & secondary producers. - Explains the future industry trends in terms of positive steel price prospects in US & EU. Also understand the capacity expansion plans by Indian steel industry.
