It includes: A strategic alliance in the industry Budget 2k18 and its impact on the industry New Exim policy and its impact on the industry

1. Steel Industry
Submitted by:
Mr. Pratik Deshmukh
MBA-MKT 1st Year
18MBAMKT098

2. INDUSTRY ANALYSIS AND DESK RESEARCH
STEEL INDUSTRY

3. CONTAIN
 TRENDS IN THE INUSTRY
 STRATEGIC ALLIANCES IN THE INDUSTRY
 BUDGET 2018 AND ITS IMPACT ON INDUSTRY
 NEW EXIM POLICYAND ITS IMPACT ON
INDUSTRY
 REFRENCE

4. Trends Shaping the Steel Industry
 India is currently the world's 3rd largest producer of crude steel
and is expected to become the 2nd largest producer of crude
steel in the world soon.
 India is the largest producer of direct reduced iron (DRI) or
sponge iron in the world.
 The country is also the 3rd largest consumer of finished steel
(83.5 million tonnes in 2017) in the world preceded by China
(681.0 million tonnes in 2017) and the USA (91.6 million
tonnes in 2017)[source: world steel association].
 The steel sector contributes to over 2% of the country's GDP
and employs around 25 lakhs employed in steel/allied sectors.

5. In case of total finished steel (non-alloy + alloy/stainless):
 Production for sale stood at 79.049 million tonnes, a growth of
5.3% compared to last year.
 Exports stood at 7.60 6 million tonnes, a growth of 52.9%
compared to last year.
 Imports stood at 6.097 million tonnes, a growth of 10.9%
compared to last year.
 India was a net exporter of total finished steel.
 Consumption stood at 64.867 million tonnes, a growth of 5.2%
compared to last year.

6. STRATEGIC ALLIANCES IN STEEL INDUSTRY

7. BUDGET 2018
 Custom Duty Waiver on Nickel: The government has waived
basic custom duty on nickel, a key steelmaking raw material
used in stainless steel. This brought in some relief to the steel
industry facing tough times. The basic custom duty on nickel
has removed from 2.5% earlier. Nickel alloy imports to India
are expected to come down to 1,300 mt in FY17 against 3,295
mt in Fy16.
 Customs Duty Reduced on LNG: The decision to cut
down customs duty to 2.5% from 5% on LNG (liquefied
natural gas) will boost domestic steel companies that rely
on imports to run gas-based steel plants.

8. Untouched Areas in the Budget for Steel Sector
 Export Duty on High Grade Iron Ore remains Unchanged
i.e 30%.
 Coking Coal Import Duty Remains Unaltered at 2.5%
 Import Duty on Long Steel Products Remains Unchanged
i.e 10%

9. STEEL POLICIES AND THEIR IMPACT
The Government has recently rolled out two national
landmark policies
 (i) National Steel Policy
 (ii) Policy on Preference to Domestically Manufactured
Iron & Steel Products.

10. IMPACT OF POLCIES
 India to be world leader in energy efficiency and
sustainability .
 Cost-effective and quality steel destination.
 Domestically meet the entire demand of high grade.

11. REFERENCES
• Firoz, A.S., (2017). Indian Steel: Critical Details, Evolving Structure and
Strategic Options, Steel Business Briefings, UK.
• Firoz, A.S (2017). Mineral Policy Issues in the Context of Domestic Use and
Export of Iron Ore, ICRIER.
• Radhakrishna, B.P., (2007). Boom in India’s Iron and Steel Industry, Current
Science, 1210 Vol. 92, NO. 9, 10 May 2007.
•Government of India, Ministry of Steel, Glossary of Terms/Definitions
commonly used in Iron and Steel Industry. (www.steel.nic.in, Annual report
2017-18).
• https://news.steel-360.com/union-budget-2017-18the-shine-remains-steel-industry/

12. Thank you !