Steel is composed of iron, carbon, metal impurities, and alloying elements that determine its chemical and physical properties. Based on its properties, steel is classified into carbon steel, alloy steel, and stainless steel. It has numerous advantages such as strength, durability, corrosion resistance, hardening ability, formability, welding ability, and ductility.
The analysts forecast the Indian steel industry to grow at a CAGR of 6.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Indian steel industry for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Indian steel industry.
The report, Indian Steel Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- JSW Steel
- Tata Steel
- Essar Steel
Other prominent vendors
- Bhushan Steel
- Facor Steels
- Jindal Steel & Power
- Mahamaya Steel Industries
- MESCO Steel
- VISA Steel
- Increase in residential projects.
- Increase in construction costs.
- Steel as a sustainable material.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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- Market overview
- Research methodology
- Economic indicators
- Key market highlights
- Steel industry overview
- Indian steel industry overview
- Safety, health, and environment
- Steel industry value chain
PART 06: Global steel scrap market
PART 07: Global steel industry
PART 08: Market landscape
- Economic scenario in India
- Indian steel industry
- Indian steel industry dynamics
- SWOT analysis
- Five forces analysis
- Indian long steel market
- Indian flat steel market
- Indian steel industry in construction sector
- Indian steel industry in infrastructure and transport sector
- Indian steel industry in automotive sector
- Indian steel industry in other end-use sectors
- Rapid urbanization in India
- Increase in residential projects
- Growth in automotive industry
- Increase in infrastructure investments
PART 14: Market challenges
- Excess production capacity
- Increase in construction costs
- Volatile raw material prices
PART 16: Market trends
- Rise of renewable energy industry
- Tapping into high-growth sectors
- Steel as a sustainable material
- Competitive scenario
- Competitive advantage
- Value chain analysis
- Key market vendors
- Other prominent vendors
- Essar Steel
- JSW Steel
- Tata Steel
- List of abbreviations
List of Exhibits
Exhibit 01: Indian steel industry
Exhibit 02: Indian steel industry by product forms
Exhibit 03: Indian steel industry by end-user
Exhibit 04: Indian steel industry by steel type
Exhibit 05: Top 10 crude steel producers 2014 (million metric tons)
Exhibit 06: Top 10 exporters 2014 (million metric tons)
Exhibit 07: Top 10 importers 2014 (million metric tons)
Exhibit 08: Steel industry value chain
Exhibit 09: Global iron ore market 2015-2020 (billion metric tons)
Exhibit 10: Major iron ore-producing countries 2013-2015 (million metric tons)
Exhibit 11: World reserves of iron ore by country 2015 (million metric tons)
Exhibit 12: Global steel scrap market 2015-2020 (million metric tons)
Exhibit 13: Global exports 2013-2015 (million metric tons)
Exhibit 14: Top five countries by steel scrap exports 2013-2015 (million metric tons)
Exhibit 15: Global imports 2013-2015 (million metric tons)
Exhibit 16: Top five countries by steel scrap imports 2013-2015 (million metric tons)
Exhibit 17: Global steel industry by production volume 2015-2020 (billion metric tons)
Exhibit 18: Global steel industry by consumption volume 2015-2020 (billion metric tons)
Exhibit 19: Indian steel industry by production volume 2015-2020 (million metric tons)
Exhibit 20: Indian finished steel market 2015
Exhibit 21: Indian exports 2011-2015 (million metric tons)
Exhibit 22: Indian imports 2011-2015 (million metric tons)
Exhibit 23: Dynamics of Indian steel industry: Drivers
Exhibit 24: Dynamics of Indian steel industry: Challenges
Exhibit 25: SWOT analysis 2015
Exhibit 26: Five forces analysis
Exhibit 27: Market segmentation by product forms 2015
Exhibit 28: Market segmentation by product forms 2020
Exhibit 29: CAGR (%), market share (%), and market volume (million metric tons) 2015
Exhibit 30: Indian long steel market by production volume 2015-2020 (million metric tons)
Exhibit 31: Long steel production in India 2015
Exhibit 32: Rods and bars steel production in India 2015
Exhibit 33: Indian steel rebars market share 2015
Exhibit 34: Indian flat steel market by production volume 2015-2020 (million metric tons)
Exhibit 35: Flat steel production in India 2015
Exhibit 36: Market segmentation by end-user 2015
Exhibit 37: Market segmentation by end-user 2020
Exhibit 38: CAGR (%), market share (%), and market volume (million metric tons) 2015
Exhibit 39: Indian steel industry in construction sector 2015-2020 (million metric tons)
Exhibit 40: Indian steel industry in infrastructure and transport sector 2015-2020 (million metric tons)
Exhibit 41: Indian steel industry in automotive sector 2015-2020 (million metric tons)
Exhibit 42: Indian steel industry in other end-user sectors 2015-2020 (million metric tons)
Exhibit 43: Society of Automotive Engineers (SAE) designation and type
Exhibit 44: Extent of urbanization in different countries
Exhibit 45: Automotive production in India 2011-2015 (millions of units)
Exhibit 46: Vehicle per 1,000 individuals in different countries
Exhibit 47: Anticipated infrastructure spending in emerging economies by 2017 ($ trillions)
Exhibit 48: Impact of drivers
Exhibit 49: Top 10 countries by crude steel production capacity 2014 (million metric tons)
Exhibit 50: Projected average freight on board steel prices of different regions 2015-2019 ($ per metric ton)
Exhibit 51: Impact of drivers and challenges
Exhibit 52: Growth rates of steel end-users 2014
Exhibit 53: Vendor ranking based on production capacity
Exhibit 54: Anticipated competitive advantage during forecast period
Exhibit 55: Value chain of Indian steel industry
Exhibit 56: Key market vendors 2015
Exhibit 57: Domestic sales in India by region 2014 and 2015
Exhibit 58: Exports sales by geography 2015 (% revenue)
Exhibit 59: Essar Steel: Performance overview
Exhibit 60: JSW Steel: Product segmentation 2015 (% revenue)
Exhibit 61: JSW Steel: Product segmentation by volume 2015 (million metric tons)
Exhibit 62: JSW Steel: Performance overview
Exhibit 63: RINL: Product segmentation by volume 2015 (million metric tons)
Exhibit 64: RINL: Product segmentation by revenue 2015 ($ millions)
Exhibit 65: RINL: Performance overview
Exhibit 66: SAIL: Finished product segmentation by revenue 2015
Exhibit 67: SAIL: Segmentation of product type by volume 2015 (million metric tons)
Exhibit 68: SAIL: Performance overview
Exhibit 69: Tata Steel: Business segmentation by revenue 2015
Exhibit 70: Tata Steel: Geographical segmentation by revenue 2015
Exhibit 71: Tata Steel: Performance overview
The author of the report recognizes the following companies as the key players in the Indian steel industry: Essar Steel, JSW Steel, RINL, SAIL, and Tata Steel.
Other prominent vendors in the market are: Bhushan Steel, Facor Steels, Gerdau Steel India, Jindal Steel & Power, Mahamaya Steels Industries, MESCO Steel, and VISA Steel.
Commenting on the report, an analyst from the research team said: “One of latest trends in the market is rise of renewable energy industry. The rise of the renewable energy industry will require steel in order to develop infrastructure. The demand for energy by every industry has been on the rise in recent years. However, the natural resources consumed to produce this energy are fast depleting, driving manufacturers to tap energy through renewable resources. Therefore, steel plays an important role in developing infrastructure for the generation of electricity from renewable energy such as solar, tidal, and wind energy. The use of steel in developing the infrastructure will enable stronger, taller, and lighter-weight tower for wind turbines increasing their productivity as well as reducing carbon emissions associated with their construction. The global wind energy industry is anticipated to grow at a CAGR of 15%-17%. The global solar energy market is anticipated to grow at a CAGR of 13%-15%. All the above applications will lead to higher demand for steel in the near future.”
According to the report, one of the primary drivers in the market is growth in automotive industry. The automotive industry has been the primary end-user of steel and is driving steel demand for many years. The automotive industry accounted for 16% share of the Indian steel industry in 2015 is poised to increase at a high rate during the forecast period. This will lead to a constant increase in the demand for steel over the next few years, thereby fueling the market growth.
Further, the report states that one major challenge in the market is excess production capacity. One of the major challenges in the steel market is excessive production capacity for steel manufacturers. With steel supply overtaking demand, the capacity utilization ratio has been 78%. This has led to reduced profit margins for steel producers. Over the past decade, the steel industry has been investing in capacity expansion at a rapid pace because of reasons such as the availability of relatively cheap capital for new investment, low production costs, and an open international market. This acts as a major hurdle for the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.