The document provides an overview of the Indian steel industry. It discusses key trends such as India becoming the third largest producer of crude steel in 2015. It also highlights growth opportunities in the industry given India's low per capita steel consumption and expected rise in demand from the infrastructure and automotive sectors. The document outlines factors like technological advancements, investments from domestic and international players, and the government's policy support as positives for the industry. It also examines aspects like leading companies, end use segments, production and consumption trends.
India has become the second largest steel producer in the world in 2018. Steel production capacity has expanded rapidly from 59.84 million tonnes in FY08 to 137.98 million tonnes in FY18. The National Steel Policy aims to further increase capacity to 300 million tonnes by 2030-31. Crude steel production grew at a CAGR of 6.71% during FY08-FY18 to reach 103.13 million tonnes. Finished steel consumption also increased at a CAGR of 5.70% over the same period to 90.70 million tonnes. Per capita steel consumption is expected to rise to 160kg by 2030-31 from 68.90kg in FY
The document summarizes the Indian steel industry. It states that India is the 5th largest steel producer globally and is projected to become the 2nd largest by 2015-2016. The key players in the industry are Tata Steel, Jindal Steel & Power, Jindal Iron & Steel, Essar Steel, and Steel Authority of India. The industry faces challenges such as delays in land acquisition and lack of infrastructure. The government aims to support the industry through infrastructure development and policies promoting foreign investment and SEZs.
Challenges & future scenario of steel industry 1GS Dhir
Power point copy of Presentation made by me on "Challenges & Future Scenario of Steel "Industry in Reliance General Insurance (RGICL's) National Conference on "Latest Trends & Practices in Steel Sector" held at Mumbai on 17-18 Jan 2014
The steel industry in India is affected by macroeconomic factors like GDP growth and inflation. Higher GDP growth leads to increased steel consumption for infrastructure and other sectors, fueling steel industry growth. However, high inflation has negatively impacted the steel industry by slowing growth in key customer industries like automobiles and construction. Rising inflation has also reduced consumer demand for housing and vehicles. The Reserve Bank of India's interest rate hikes to combat inflation have further raised borrowing costs, negatively impacting steel-intensive industries.
The document discusses the steel industry in India. It provides an introduction to the steel industry, noting that India is the 8th largest producer of crude steel globally. It then discusses the market scenario for steel in India, highlighting increasing consumption. The document also discusses the global steel scenario, major players in the Indian steel industry like SAIL and Tata Steel, pricing strategies, and opportunities for growth in the industry.
The document analyzes the major steel industry in India. It provides an overview of the economic environment and demand for steel in India driven by infrastructure and automobiles. It then discusses the production and consumption of steel in India. It analyzes the performance and research & development efforts of major Indian steel companies like SAIL, TATA Steel, JSW Steel, Jindal Steel, and Ispat Industries. It highlights the key investment rationales and concerns for these companies. Finally, it discusses the challenges faced by the Indian steel industry.
This document provides an overview of the steel industry in India. It discusses key topics such as the major players in the industry, the market structure and competition, policies supporting the sector, and recent developments. The industry has seen significant growth in recent decades and consolidation, with a few large companies now dominating production. The government aims to facilitate the industry's continued development and competitiveness on the global stage.
India has become the world’s fourth-largest producer of crude steel. The country is slated to become the second-largest steel producer by 2015 as large public and private sector players strengthen steel production capacity in view of the rising demand.
The total market value of the steel sector in India stood at US$ 57.8 billion in 2011 and is expected to touch US$ 95.3 billion by 2016. Total crude and finished steel production grew at a compound annual growth rate (CAGR) of 6.6 per cent and 4.2 per cent over FY08-11 to reach 69.6 million tonnes (MT) and 66 MT respectively.
Steel consumption is expected to grow at an average rate of 6.8 per cent to reach 104 MT by 2017 driven by rising infrastructure development and growing demand for automotives. The infrastructure sector is India’s largest steel consumer, accounting for 63 per cent of total consumption in FY11. Attracted by the growth potential of the Indian steel industry, several global steel players have been planning to enter the market. The Government of India (GOI) has allowed 100 per cent foreign direct investment (FDI) in the sector through automatic route in order to attract foreign investments.
India has become the second largest steel producer in the world in 2018. Steel production capacity has expanded rapidly from 59.84 million tonnes in FY08 to 137.98 million tonnes in FY18. The National Steel Policy aims to further increase capacity to 300 million tonnes by 2030-31. Crude steel production grew at a CAGR of 6.71% during FY08-FY18 to reach 103.13 million tonnes. Finished steel consumption also increased at a CAGR of 5.70% over the same period to 90.70 million tonnes. Per capita steel consumption is expected to rise to 160kg by 2030-31 from 68.90kg in FY
The document summarizes the Indian steel industry. It states that India is the 5th largest steel producer globally and is projected to become the 2nd largest by 2015-2016. The key players in the industry are Tata Steel, Jindal Steel & Power, Jindal Iron & Steel, Essar Steel, and Steel Authority of India. The industry faces challenges such as delays in land acquisition and lack of infrastructure. The government aims to support the industry through infrastructure development and policies promoting foreign investment and SEZs.
Challenges & future scenario of steel industry 1GS Dhir
Power point copy of Presentation made by me on "Challenges & Future Scenario of Steel "Industry in Reliance General Insurance (RGICL's) National Conference on "Latest Trends & Practices in Steel Sector" held at Mumbai on 17-18 Jan 2014
The steel industry in India is affected by macroeconomic factors like GDP growth and inflation. Higher GDP growth leads to increased steel consumption for infrastructure and other sectors, fueling steel industry growth. However, high inflation has negatively impacted the steel industry by slowing growth in key customer industries like automobiles and construction. Rising inflation has also reduced consumer demand for housing and vehicles. The Reserve Bank of India's interest rate hikes to combat inflation have further raised borrowing costs, negatively impacting steel-intensive industries.
The document discusses the steel industry in India. It provides an introduction to the steel industry, noting that India is the 8th largest producer of crude steel globally. It then discusses the market scenario for steel in India, highlighting increasing consumption. The document also discusses the global steel scenario, major players in the Indian steel industry like SAIL and Tata Steel, pricing strategies, and opportunities for growth in the industry.
The document analyzes the major steel industry in India. It provides an overview of the economic environment and demand for steel in India driven by infrastructure and automobiles. It then discusses the production and consumption of steel in India. It analyzes the performance and research & development efforts of major Indian steel companies like SAIL, TATA Steel, JSW Steel, Jindal Steel, and Ispat Industries. It highlights the key investment rationales and concerns for these companies. Finally, it discusses the challenges faced by the Indian steel industry.
This document provides an overview of the steel industry in India. It discusses key topics such as the major players in the industry, the market structure and competition, policies supporting the sector, and recent developments. The industry has seen significant growth in recent decades and consolidation, with a few large companies now dominating production. The government aims to facilitate the industry's continued development and competitiveness on the global stage.
India has become the world’s fourth-largest producer of crude steel. The country is slated to become the second-largest steel producer by 2015 as large public and private sector players strengthen steel production capacity in view of the rising demand.
The total market value of the steel sector in India stood at US$ 57.8 billion in 2011 and is expected to touch US$ 95.3 billion by 2016. Total crude and finished steel production grew at a compound annual growth rate (CAGR) of 6.6 per cent and 4.2 per cent over FY08-11 to reach 69.6 million tonnes (MT) and 66 MT respectively.
Steel consumption is expected to grow at an average rate of 6.8 per cent to reach 104 MT by 2017 driven by rising infrastructure development and growing demand for automotives. The infrastructure sector is India’s largest steel consumer, accounting for 63 per cent of total consumption in FY11. Attracted by the growth potential of the Indian steel industry, several global steel players have been planning to enter the market. The Government of India (GOI) has allowed 100 per cent foreign direct investment (FDI) in the sector through automatic route in order to attract foreign investments.
Indian steel demand is expected to be muted over the next two years due to economic slowdown affecting end user demand. Global flat steel prices are set to decline in 2012-2013 as global prices for iron ore and coking coal decline due to weak demand and oversupply. Profitability for players across the steel value chain will come under pressure due to demand side concerns and potential shortages of iron ore and coal in the domestic market. Indian steel demand is projected to pick up from 2013-2014 as infrastructure project execution gains traction.
The document discusses the Indian steel industry. It states that India has emerged as the 5th largest crude steel producer in the world and is projected to have a steel production capacity of nearly 124 million tons by 2011-12. It also notes that India has abundant iron ore and coal reserves as well as a large pool of technical manpower. However, the industry also faces challenges such as high costs, lack of infrastructure, and competition from substitutes.
The iron and steel industry is one of India's most important industries, supporting development across multiple sectors. It accounts for 50% of India's total metal production and exports. Major players in the industry include Tata Steel, SAIL, and JSPL. India is the world's 4th largest steel producer and is expected to become 2nd largest by 2025, producing over 125 million tons annually, driven by growth in end use industries like automotive and infrastructure. The iron and steel industry contributes significantly to India's GDP and employment. However, the industry faces challenges of high coal costs, lower productivity, and lack of infrastructure.
The document discusses the Indian steel industry. It provides details on the first integrated steel plant established in 1907. It also lists the top three steel manufacturing companies in India and their annual production capacities. The document outlines the different production processes used in steelmaking and how steel is used across various sectors in India. It analyzes factors driving the growth in steel demand in India and expectations for continued high growth in demand over the next decade.
The document discusses the steel industry in India from a global perspective. It provides statistics on India's position as the 4th largest steel producer in the world in 2011. The key growth drivers for steel demand in India are identified as infrastructure development, manufacturing sector growth, and an increasing population. While the steel industry has grown significantly, challenges remain around dependence on imported materials, low production efficiency, and inadequate infrastructure. The document examines trends in steel production, consumption, technology and raw material sources. It outlines India's potential for further industry expansion to meet rising domestic demand.
Industry Analysis-Steel Industry of Indiasandeep7162
The steel industry in India is the 5th largest producer of crude steel globally and is expected to become the 2nd largest by 2015. Major players include Tata Steel, SAIL, JSW Steel, and Jindal Steel. The industry is growing at around 8-9% annually due to increased infrastructure investment and automobile growth. Success factors for steel companies include low production costs, expanding downstream value-added products, technology improvements, and pursuing mergers and acquisitions for economies of scale. The industry faces competition from new entrants and substitutes but benefits from growing domestic demand.
This document provides an overview of the Indian steel industry. It states that India is the 4th largest producer of crude steel globally, producing around 89 million tonnes in 2011-2012. It also discusses the major players in the industry, reasons for the industry's growth including abundant resources and a strong global presence. The document analyzes the industry using PEST and Porter's Five Forces frameworks and outlines challenges, opportunities and future prospects for further development of the Indian steel sector.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
Iron and Steel Industry in India ( Seminar Presentation)DineshKumar4749
This file is all about understanding about Iron and Steel Industry in India. This file can directly be used for seminar presentations about India and the steel industry in India.
The document summarizes the history and development of the steel industry. It discusses how steel was first produced in ancient China and India, but was very expensive. In the 1850s, Henry Bessemer developed the Bessemer process, which allowed for mass production of steel in an inexpensive way. Global steel production then grew enormously in the 20th century. In India, Visakhapatnam Steel Plant was established in 1971 to be an integrated steel producer, using German and Soviet technology. The document also analyzes some of the divisions in Tata Steel based on the BCG matrix and lists the top steel producing companies in India.
The document summarizes the Indian steel industry. It discusses that India is the 3rd largest producer of raw steel globally. It outlines the history and establishment of major steel plants in India such as Tata Steel and Steel Authority of India Limited (SAIL). Current major steel producers in India like Tata Steel, Essar Steel, and JSW Steel are also summarized. The role of the steel industry in the Indian economy and employment opportunities are highlighted. Issues faced by the industry such as capital, technology, productivity, and shortage of raw materials are briefly mentioned.
This document summarizes the iron and steel industry in India. It discusses that India is the 4th largest producer of iron and steel in the world, with production growing annually by 8% from 2005-2012. It provides a brief history of major steel plants in India and details how capacity has expanded from 51 mtpa in 2005 to 89 mtpa in 2012. The document also examines factors impacting steel prices in India, the effects of rupee depreciation, global demand trends, and initiatives to boost infrastructure spending and the steel industry.
The document provides an overview of the iron and steel industries in India and other countries. It discusses the following key points:
- India has a nearly century-old iron and steel industry that is expanding rapidly due to strong global and domestic demand. Major Indian producers include SAIL, Tata Steel, and RINL.
- The industry can be divided into integrated producers like Tata Steel and secondary producers that use scrap iron. Early plants included Jamshedpur (1907) and later public sector facilities.
- The US industry began in the 1600s and grew significantly in the 1800s, fueled by iron ore deposits and the development of railroads. U.S. Steel became the first billion-
Global steel industry and in particular China: future outlookMining On Top
Mining On Top: Stockholm 2013
26-27 Nov 2013
Global steel industry and in particular China: future outlook – Dr Nae Hee Han, World Steel Association; Chief Economist
about the steel industry,Product of the industry, PEST analysis, Porter's five forces, Market Share, Future of the industry, Growth of the industry, Nation steel policy.
This annual report from the Ministry of Steel in India provides an overview of the steel sector in India in 2020-21. Some key highlights include:
- India was the 2nd largest producer of crude steel globally in 2020, producing 99.57 million tonnes, though production declined 10.6% over the previous year due to the pandemic.
- Major steel producers like SAIL, TSL, and JSW saw production declines, while private sector production declined 10.8%.
- The public sector steel companies SAIL, RINL, NMDC, MOIL, MECON, MSTC and KIOCL provided updates on their production, sales, profits and other details for 2020-21.
Global steel production is dominated by China, which produces over half of the world's steel. Other major producers include Japan, the United States, India, Russia, South Korea, Germany, Ukraine, Brazil, and Turkey. Steel production is expected to continue growing in developing countries like India, Brazil, and China. The steel industry faces challenges from availability and costs of raw materials like iron ore and coal.
Iron and steel industry India vs Japan - Animated
iron and steel industry India vs japan, iron industry, steel industry, India, Japan, India vs Japan, iron, and steel, iron in India, iron in japan, steel in India, steel in japan, economic geography, geography
The document provides an overview of the Indian steel industry. It notes that India is the third largest producer of crude steel globally and is expected to become the second largest producer by 2016. Key points covered include growing domestic demand for steel driven by infrastructure development, the automotive sector being a major consumer, imports declining due to policies like the Minimum Import Price, and major players like Tata Steel, SAIL, JSW Steel being leading producers. The steel sector is seen as strategically important for India's economic growth.
- India is the third largest producer of crude steel in the world and is expected to become the second largest producer by 2016. Total finished steel production in India reached 92.16 million tonnes in FY15.
- Demand for steel is expected to grow significantly due to India's low per capita steel consumption and increased infrastructure development. Consumption is projected to reach 104 million tonnes by 2017.
- However, domestic production has not been able to keep up with rising demand, leading to increased steel imports. The government has imposed measures like minimum import prices to boost domestic production and reduce imports.
Indian steel demand is expected to be muted over the next two years due to economic slowdown affecting end user demand. Global flat steel prices are set to decline in 2012-2013 as global prices for iron ore and coking coal decline due to weak demand and oversupply. Profitability for players across the steel value chain will come under pressure due to demand side concerns and potential shortages of iron ore and coal in the domestic market. Indian steel demand is projected to pick up from 2013-2014 as infrastructure project execution gains traction.
The document discusses the Indian steel industry. It states that India has emerged as the 5th largest crude steel producer in the world and is projected to have a steel production capacity of nearly 124 million tons by 2011-12. It also notes that India has abundant iron ore and coal reserves as well as a large pool of technical manpower. However, the industry also faces challenges such as high costs, lack of infrastructure, and competition from substitutes.
The iron and steel industry is one of India's most important industries, supporting development across multiple sectors. It accounts for 50% of India's total metal production and exports. Major players in the industry include Tata Steel, SAIL, and JSPL. India is the world's 4th largest steel producer and is expected to become 2nd largest by 2025, producing over 125 million tons annually, driven by growth in end use industries like automotive and infrastructure. The iron and steel industry contributes significantly to India's GDP and employment. However, the industry faces challenges of high coal costs, lower productivity, and lack of infrastructure.
The document discusses the Indian steel industry. It provides details on the first integrated steel plant established in 1907. It also lists the top three steel manufacturing companies in India and their annual production capacities. The document outlines the different production processes used in steelmaking and how steel is used across various sectors in India. It analyzes factors driving the growth in steel demand in India and expectations for continued high growth in demand over the next decade.
The document discusses the steel industry in India from a global perspective. It provides statistics on India's position as the 4th largest steel producer in the world in 2011. The key growth drivers for steel demand in India are identified as infrastructure development, manufacturing sector growth, and an increasing population. While the steel industry has grown significantly, challenges remain around dependence on imported materials, low production efficiency, and inadequate infrastructure. The document examines trends in steel production, consumption, technology and raw material sources. It outlines India's potential for further industry expansion to meet rising domestic demand.
Industry Analysis-Steel Industry of Indiasandeep7162
The steel industry in India is the 5th largest producer of crude steel globally and is expected to become the 2nd largest by 2015. Major players include Tata Steel, SAIL, JSW Steel, and Jindal Steel. The industry is growing at around 8-9% annually due to increased infrastructure investment and automobile growth. Success factors for steel companies include low production costs, expanding downstream value-added products, technology improvements, and pursuing mergers and acquisitions for economies of scale. The industry faces competition from new entrants and substitutes but benefits from growing domestic demand.
This document provides an overview of the Indian steel industry. It states that India is the 4th largest producer of crude steel globally, producing around 89 million tonnes in 2011-2012. It also discusses the major players in the industry, reasons for the industry's growth including abundant resources and a strong global presence. The document analyzes the industry using PEST and Porter's Five Forces frameworks and outlines challenges, opportunities and future prospects for further development of the Indian steel sector.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
Iron and Steel Industry in India ( Seminar Presentation)DineshKumar4749
This file is all about understanding about Iron and Steel Industry in India. This file can directly be used for seminar presentations about India and the steel industry in India.
The document summarizes the history and development of the steel industry. It discusses how steel was first produced in ancient China and India, but was very expensive. In the 1850s, Henry Bessemer developed the Bessemer process, which allowed for mass production of steel in an inexpensive way. Global steel production then grew enormously in the 20th century. In India, Visakhapatnam Steel Plant was established in 1971 to be an integrated steel producer, using German and Soviet technology. The document also analyzes some of the divisions in Tata Steel based on the BCG matrix and lists the top steel producing companies in India.
The document summarizes the Indian steel industry. It discusses that India is the 3rd largest producer of raw steel globally. It outlines the history and establishment of major steel plants in India such as Tata Steel and Steel Authority of India Limited (SAIL). Current major steel producers in India like Tata Steel, Essar Steel, and JSW Steel are also summarized. The role of the steel industry in the Indian economy and employment opportunities are highlighted. Issues faced by the industry such as capital, technology, productivity, and shortage of raw materials are briefly mentioned.
This document summarizes the iron and steel industry in India. It discusses that India is the 4th largest producer of iron and steel in the world, with production growing annually by 8% from 2005-2012. It provides a brief history of major steel plants in India and details how capacity has expanded from 51 mtpa in 2005 to 89 mtpa in 2012. The document also examines factors impacting steel prices in India, the effects of rupee depreciation, global demand trends, and initiatives to boost infrastructure spending and the steel industry.
The document provides an overview of the iron and steel industries in India and other countries. It discusses the following key points:
- India has a nearly century-old iron and steel industry that is expanding rapidly due to strong global and domestic demand. Major Indian producers include SAIL, Tata Steel, and RINL.
- The industry can be divided into integrated producers like Tata Steel and secondary producers that use scrap iron. Early plants included Jamshedpur (1907) and later public sector facilities.
- The US industry began in the 1600s and grew significantly in the 1800s, fueled by iron ore deposits and the development of railroads. U.S. Steel became the first billion-
Global steel industry and in particular China: future outlookMining On Top
Mining On Top: Stockholm 2013
26-27 Nov 2013
Global steel industry and in particular China: future outlook – Dr Nae Hee Han, World Steel Association; Chief Economist
about the steel industry,Product of the industry, PEST analysis, Porter's five forces, Market Share, Future of the industry, Growth of the industry, Nation steel policy.
This annual report from the Ministry of Steel in India provides an overview of the steel sector in India in 2020-21. Some key highlights include:
- India was the 2nd largest producer of crude steel globally in 2020, producing 99.57 million tonnes, though production declined 10.6% over the previous year due to the pandemic.
- Major steel producers like SAIL, TSL, and JSW saw production declines, while private sector production declined 10.8%.
- The public sector steel companies SAIL, RINL, NMDC, MOIL, MECON, MSTC and KIOCL provided updates on their production, sales, profits and other details for 2020-21.
Global steel production is dominated by China, which produces over half of the world's steel. Other major producers include Japan, the United States, India, Russia, South Korea, Germany, Ukraine, Brazil, and Turkey. Steel production is expected to continue growing in developing countries like India, Brazil, and China. The steel industry faces challenges from availability and costs of raw materials like iron ore and coal.
Iron and steel industry India vs Japan - Animated
iron and steel industry India vs japan, iron industry, steel industry, India, Japan, India vs Japan, iron, and steel, iron in India, iron in japan, steel in India, steel in japan, economic geography, geography
The document provides an overview of the Indian steel industry. It notes that India is the third largest producer of crude steel globally and is expected to become the second largest producer by 2016. Key points covered include growing domestic demand for steel driven by infrastructure development, the automotive sector being a major consumer, imports declining due to policies like the Minimum Import Price, and major players like Tata Steel, SAIL, JSW Steel being leading producers. The steel sector is seen as strategically important for India's economic growth.
- India is the third largest producer of crude steel in the world and is expected to become the second largest producer by 2016. Total finished steel production in India reached 92.16 million tonnes in FY15.
- Demand for steel is expected to grow significantly due to India's low per capita steel consumption and increased infrastructure development. Consumption is projected to reach 104 million tonnes by 2017.
- However, domestic production has not been able to keep up with rising demand, leading to increased steel imports. The government has imposed measures like minimum import prices to boost domestic production and reduce imports.
The document provides an overview of the steel industry in India. It mentions that India is the third largest producer of crude steel globally and is expected to become the second largest producer by 2026. It also highlights that steel production in India has been growing at a CAGR of 7.65% during FY11-15. The document further discusses the key players in the Indian steel industry such as SAIL and Tata Steel and provides statistics on their production shares. It also lists various growth opportunities and drivers for the industry such as rising domestic demand and investments.
The document provides an overview of the steel industry in India. Some key points:
- India is the 3rd largest producer of crude steel globally and is expected to become the 2nd largest producer by 2025.
- Total steel production in India has grown at a CAGR of 4.7% between FY12-16 reaching 90.98 MTPA in FY16. Capacity increased to 121.97 MT in FY16.
- Demand is expected to grow due to increasing infrastructure development and growth in the automobile and railways sectors. Per capita consumption is also low compared to other countries, offering scope for growth.
- Major players in the industry are SAIL, Tata
The document provides an overview of the Indian steel industry. It notes that India is the third largest producer of crude steel globally and is expected to become the second largest producer by 2016. Total steel production in India has grown at a CAGR of 7.65% during FY11-15. Domestic demand for steel has outpaced supply in recent years. Key growth drivers for the industry include rising infrastructure spending, increasing investments to expand capacity, and growing domestic consumption. The largest consumers of steel in India are the construction and infrastructure sectors, which together account for over 65% of total steel consumption.
- India has become the second largest producer of crude steel in the world in 2017. Total finished steel production in India increased at a CAGR of 8.39% during FY12-17.
- Capacity has increased to 126 million tonnes in FY17, while production is anticipated to reach 300 MT in the coming decade. Domestic and international investments are rising in the sector.
- Key players like SAIL and Tata Steel dominate production. The government has implemented policies like the National Steel Policy to encourage growth and competitiveness in the industry.
India's steel production has grown significantly over the past decade. In FY17, India became the second largest producer of crude steel globally. Total steel production reached 97.4 million tonnes in FY17, up from 53.7 million tonnes in FY11. Capacity has also increased, reaching 126 million tonnes in FY17. Domestic demand for steel has consistently outpaced supply due to growth in infrastructure, automotive, and other sectors. Per capita steel consumption in India remains lower than global averages, indicating further growth potential. Large investments are being made to boost domestic production capacity to 300 million tonnes by 2025.
The document provides an overview of the steel industry in India. Some key points:
- India has become the 2nd largest producer of crude steel globally as production has increased at a CAGR of 8.39% from FY12-17.
- Capacity has grown to 126 MT in FY17 and is expected to reach 300 MT in the next decade.
- Domestic demand is growing due to infrastructure development and rising automobile sector. Per capita consumption is lower than global average, representing opportunities for growth.
- Major players like SAIL, Tata Steel, and JSW Steel dominate production in India. Investments are expanding capacity and reducing reliance on imports.
The document provides an overview of the steel industry in India. Some key points:
- India has become the 2nd largest producer of crude steel globally in 2017, up from 8th in 2003. Total steel production reached 90.98 MT in FY16 growing at a CAGR of 4.7% from FY12-16.
- Capacity has increased to 121.97 MT in FY16, 11% more than FY15. India aims to produce 300 MT of steel in the next 10 years.
- Major players like SAIL and Tata Steel dominate production. SAIL accounted for 14.8% of crude steel production and 11.47% of finished steel in
The document provides an overview of the Indian steel sector. It mentions that India is the 3rd largest producer of crude steel globally and is expected to become the 3rd largest producer in 2016. Steel production in India has increased at a CAGR of 4.7% during FY12-16 reaching 90.98 MTPA in FY16. The capacity has also increased to 121.97 MT in FY16. The document discusses the key growth drivers for the sector including growing demand, policy support, and increasing investments. It provides statistics on production volumes and shares of major players.
The document provides an overview of the steel industry in India. Some key points:
- India has become the 3rd largest crude steel producer globally in 2017, producing over 97 million tonnes of crude steel.
- Domestic steel production and consumption has grown significantly over the past decade, driven by growth in infrastructure, automotive, and other sectors.
- Major players like SAIL, Tata Steel, and JSW Steel dominate production, with SAIL and Tata Steel each accounting for over 10% of total production.
- Exports have grown substantially while imports have declined, as the government imposed anti-dumping duties and domestic production has increased to meet demand.
The document provides an overview of the Indian steel industry. It discusses that India is the 3rd largest producer of crude steel globally and is expected to produce 300 million tonnes of steel by 2025. Key players like SAIL and Tata Steel dominate production. Demand for steel has been growing at a faster pace than supply due to growth in infrastructure, automotive and other sectors. The government has also implemented policies to support the industry and encourage investments.
India's steel production has grown significantly in recent years, with total finished steel production increasing at a CAGR of 8.39% between FY12-17. India is now the second largest producer of crude steel globally. Capacity has also increased over the period, reaching 128.28 million tonnes in FY17. Domestic demand for steel has outpaced supply, with consumption growing at a CAGR of 5.44% between FY08-17. The market value of the Indian steel sector has grown strongly as well, with a CAGR of 12.76% between FY07-17(estimated). Key players like SAIL and Tata Steel have leading market shares in steel production
The document provides an overview of the steel industry in India. It discusses that India has become the 3rd largest producer of crude steel globally. Total steel production has increased at a CAGR of 8.39% between FY12-17. Capacity has grown to 130.08 MT in 2017 and is expected to reach 300 MT in the next 10 years. Demand is supported by growth in infrastructure, oil/gas, and automotive sectors. The per capita steel consumption in India is lower than global averages, indicating significant growth potential.
The document provides an overview of the steel industry in India. Some key points:
- India has become the 3rd largest producer of crude steel globally, producing over 111 million tonnes of finished steel in FY17.
- Domestic steel production and consumption have grown significantly in recent years at a CAGR of 8.39% and 5.44% respectively between FY12-17.
- Major players like SAIL and Tata Steel dominate production, together accounting for over 20% of India's finished steel output in FY17.
- Government policies aim to boost domestic manufacturing capacity to 300 million tonnes by 2030 through investments and reducing reliance on imports.
The document provides an overview of the steel industry in India. Some key points:
- India has become the 2nd largest producer of crude steel globally as production has increased at a CAGR of 8.39% from FY12-17.
- Domestic demand and capacity have also grown steadily, with capacity reaching 128.28 MT in FY17.
- Major players like SAIL and Tata Steel dominate production, while emerging sectors like infrastructure, automotive and railways are driving growth.
- Government policies aim to boost domestic manufacturing through investments, R&D initiatives and measures like import duties.
The document provides an overview of the steel industry in India. Some key points:
- India is the 3rd largest producer of crude steel globally and production has been growing at a CAGR of 5.43% from FY12-18.
- Major players like SAIL and Tata Steel account for a significant share of total production.
- Consumption has outpaced supply, growing at a CAGR of 5.69% from FY08-18. Per capita consumption is also rising.
- Imports and exports have both increased in recent years, with exports growing faster than imports.
- The industry is seeing growing investments to expand capacity and modernize plants to increase efficiency.
The steel industry in India has been growing at a fast pace in recent years. Crude steel production has increased at a CAGR of 5.43% between FY12-18 to reach 102.34 MT in FY18. Capacity has also risen to 134.6 MT in 2017-18 and is projected to reach 300 MT in the next decade. Major trends in the industry include growing investments, strategic alliances between companies, entry of international players, and an increased emphasis on technological innovations and benchmarking against global standards to improve efficiency. The government and companies are undertaking expansion plans and new projects to boost domestic production capacity.
The steel industry in India has been growing rapidly, with total crude steel production reaching 102.34 million tonnes in FY18. Capacity has increased to 134.6 million tonnes in 2017-18 and is expected to reach 300 million tonnes in the next decade. Major players like SAIL, Tata Steel and JSW Steel have been undertaking expansion and modernization activities. The government has also implemented policies like the National Steel Policy and allowed 100% FDI to encourage growth in the sector.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
India is a major producer and exporter of agricultural products globally. Some key points:
- India ranks among the top producers globally for many agricultural commodities like spices, pulses, milk, tea, cashew and jute.
- Agricultural exports from India have grown significantly at a CAGR of 16.45% from 2010-2018 to reach $38.21 billion in FY2018.
- Major agricultural exports include marine products, basmati rice, buffalo meat, spices, cotton, oil products and sugar. Marine product exports alone were $7.39 billion in FY2018.
- Government schemes aim to boost agricultural exports to $60 billion by 2022 and $100 billion
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
3. 33MARCH 2017 For updated information, please visit www.ibef.org
EXECUTIVE SUMMARY
Third-largest producer
of crude steel
• Total finished steel production in India has increased at a CAGR of 7.65 per cent during FY11–
15, with country’s steel production reaching to 92.16 million tonnes per annum (MTPA) in FY15
and 67.71 MTPA in FY16(1). The country became the third-largest crude steel producer in 2015
and is expected to become the third-largest crude steel producer in 2016, as large public and
private sector players strengthen steel production capacity in view of rising demand. Moreover,
capacity is also expected to increase from 100 million tonnes (MT) in FY15 to 112.5 MT by FY16
while in the coming 10 years the country is anticipated to produce 300 MT of steel
• During FY16(1) , steel production in the country stood at 58.49 MT
Strong growth
opportunities
• Huge scope for growth is offered by India’s comparatively low per capita steel consumption and
the expected rise in consumption due to increased infrastructure construction and the thriving
automobile and railways sectors
• National Mineral Development Corporation is expected to increase the iron ore production 75
MTPA until 2021 indicating new opportunities in the sector
Technological
advancements
• Increased government and corporate sector focus on using innovative production techniques for
enhancing operational as well as financial performance is a positive
Rising domestic and
international
investments
• Domestic players’ investments in expanding and upgrading manufacturing facilities are expected
to reduce reliance on imports. In addition, the entry of international players would provide benefits
in terms of capital resources, technical know how and more competitive industry dynamics
Source: World Steel Association, Ministry of Steel, TechSci Research
Note: (1) April-December 2015
STEEL
5. 55MARCH 2017
Growingdemand
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
2015
Market
size: 91.46
million
tonnes
2025E
Market
size: 300
million
tonnes
Advantage
India
STEEL
Source: Metallurgical & Materials Engineering Division Board, TechSci Research
Notes: FDI - Foreign Direct Investment, MT - Million Tonnes, E- Estimated
MoUs - Memorandum of Understanding, 2016E - Estimated figure for the year 2016; These estimates are from Data monitor, PPP - Public-Private Partnership
Robust demand
• Demand would be supported by growth in the
domestic market
• Infrastructure, oil & gas and automotives
would drive the growth of the industry
• Lower per capita consumption compared to
international average
Competitive advantage
• India is the world’s third-largest producer of
crude steel (up from eighth in 2003); the
country is expected to become the second-
largest producer of steel by 2016
• Easy availability of low-cost manpower and
presence of abundant iron ore reserves
make India competitive in the global set up
Policy support
• 100 per cent FDI through the automatic route is
allowed . Large infrastructure projects in the PPP
mode are being formed
• National Steel Policy (NSP) implemented to
encourage the industry to reach global
benchmarks
• Policy clarity and stability expected in respect of
mining leases and forest clearances
• 20 per cent safeguard duty on steel imports
Increasing investments
• To achieve steel capacity build-up of 300
million tonnes per annum (MTPA) by 2025,
India would need to invest USD210 billion over
the next decade
• 301 MoUs have been signed with various
states for planned capacity of about 486.7 MT.
In 2015, 4 MOU’s were signed at Dantewada
• Ministry of Steel plans to set up Steel Research
and Technology Mission in India to promote
R&D activities in the sector
7. 77MARCH 2017 For updated information, please visit www.ibef.org
EVOLUTION OF INDIAN STEEL SECTOR
Notes: TISCO - Tata Iron and Steel Company; IISC - Indian Iron & Steel Company; SAIL - Steel Authority of India Ltd
FY16 (1) - April to December 2015
STEEL
• Production
of steel
started in
India (TISCO
was setup in
1907)
• IISC was set
up in 1918 to
compete
with TISCO
• Mysore Iron
and Steel
Company was
set up in 1923
• According to
the new
Industrial Policy
Statement
(1948), new
ventures were
only
undertaken by
the central
government
• Hindustan Steel
Ltd and Bokaro
Steel Ltd were
setup in 1954 and
1964, respectively
• In the early 1990s,
the public sector
dominated steel
production
• Private players
were in
downstream
production mainly
producing finished
steel using crude
steel products
• SAIL was
created in 1973
as a holding
company to
oversee most of
India's iron and
steel production
• In 1989, SAIL
acquired
Vivesvata Iron
and Steel Ltd
• In 1993, the
government set
plans in motion
to partially
privatise SAIL
1907–1918
1923–1948
1954–1964
1973–1992
1993–2014
• Foreign players
began entering the
Indian steel market
• No license
requirement for
capacity creation
• Imposition of export
duty on iron ore, to
focus more on
catering growing
domestic demand
• Decontrol of
domestic steel
prices
• Launch of Scheme
for promotion of
Research and
Development in
Iron & Steel sector
• Reduction in basic
custom duty on the
plants and
equipments required
for initial set up or
expansion of iron ore
pellet plants & iron
ore beneficiation
plants, to encourage
beneficiation and
pelletisation of iron
ore fines in the
country
• Government is
implementing many
infra projects such
as construction of
ports, freight
corridors etc which
would boost steel
industry
• In 2015, India
ranked as the third
largest crude steel
producer in the
world, leaving
behind United
States.
• The total finished
steel production in
FY16(1) stood at
67.711 MT
• During FY16(1),
8.39 million tonnes
of finished steel
was imported into
India
2015
8. 88MARCH 2017 For updated information, please visit www.ibef.org
STRUCTURE OF THE STEEL SECTOR
STEEL
Steel
End use
Structural
steel
Construction
steel
Rail steel
Form
Liquid steel Crude steel
Ingots
Semis
Finished steel
Flat
Non-flat
Composition
Non-alloy
steel
Low carbon
steel
Medium
carbon steel
High carbon
steel
Alloy
Stainless
Silicon
electrical
High speed
Source: Report on Indian steel industry by Competition
Commission of India, TechSci Research
9. 99MARCH 2017 For updated information, please visit www.ibef.org
STEEL PRODUCTION IN INDIA HAS BEEN GROWING AT A FAST PACE
STEEL
Total crude steel production (million tonnes)
In FY16, crude steel production in India was 89.8 MT, with the total crude steel production growing at a CAGR of 12.61 per cent over
the last five years and reached 88.98 MT in FY15
Crude steel production by private sector grew at a CAGR of 7.87 per cent between FY15-16
Finished steel production increased at a YoY of 5.11 per cent from 87.68 MT in FY14 to 92.16 MT in FY15; analysts expect production
figures to improve rapidly over the next five years, with the Ministry of Steel forecasting production levels at 115.3 MT by FY17
The steel sector contribute 2 per cent to the GDP of the nation and provides 6 lakh jobs in the country
In September 2016, steel production in India grew by 8.5 per cent to 7.8 MT as compared to 7.2 MT in the same month last year
During April-August 2016, crude steel production in India grew by 7 per cent YoY and stood at 39.98 MT.
Total finished steel production (million tonnes)
Source: Ministry of Steel Annual Report, TechSci Research;
Notes: FY - Indian Financial Year (April – March), MT - Million Tonnes, CAGR - Compound Annual Growth Rate;
(1) - April to December 2015 , Figures mentioned are as per latest data available
16.71 16.99 16.48 16.48 16.77 17.21 13.34
49.13
53.68
57.81
61.94
64.92
71.77
53.74
FY10
FY11
FY12
FY13
FY14
FY15
FY16⁽¹⁾
Public Sector Private Sector
13.25 12.52 12.82 13.44 12.83 9.23
55.37
63.18
68.86
74.24
79.34
58.49
FY11
FY12
FY13
FY14
FY15
FY16⁽¹⁾
Public Sector Private Sector
10. 1010MARCH 2017 For updated information, please visit www.ibef.org
SHARES IN PRODUCTION: SAIL AND TATA LEAD THE WAY
STEEL
India’s crude steel market share by production – FY16(1)
Total proposed crude steel capacity during 2016-17(2) by the private investors is expected to rise by 76.8 MT
As of FY16(1), SAIL was the leader in India’s steel sector with the company accounting for 13 per cent of country’s finished steel
production and 15.8 per cent of country’s crude steel production. Tata Steel, another household name in the country, leads private
sector activity in the steel sector. During FY16(1), the firm accounted for 10.33 per cent of finished steel production and 11.03 per
cent of the country’s crude steel production
In January 2017, Indian government inaugurated Universal Rail Mill (URM) worth USD 178.49 million at SAIL’s Bhilai steel plant.
The production of the world’s longest single rail of 130 meters from the new URM also commenced in the new mill
India’s finished steel market share by production – FY16(1)
Source: Ministry of Steel Annual Report 2015, TechSci Research
Notes: RINL - Rashtriya Ispat Nigam Limited, (1) - April to December 2015; (2) - Provisional
Figures mentioned are as per latest data available
15.8%
11.03%
4.08%
69.09%
SAIL
Tata Steel
RINL
Other
13%
10.33%
3.73%
72.94%
SAIL
TATA
RINL
OTHERS
11. 1111MARCH 2017 For updated information, please visit www.ibef.org
GROWTH IN MARKET VALUE OF THE INDIAN STEEL SECTOR HAS ALSO BEEN STRONG
Market value of the Indian steel sector
(USD billion)
The sector has benefitted from the hike in prices and
production, especially since the beginning of the millennium
Over 2007–16(E), the sector’s market value is estimated to
have posted a strong CAGR of 13.7 per cent
Market value of Indian steel sector is expected to reach
USD95.3 billion by FY16
STEEL
CAGR: 13.7%
Source: Ministry of External Affairs, TechSci Research
Note: E - Estimates
E
30.1
43
36.5
46.8
57.8
81
87.9
100
FY07 FY08 FY09 FY10 FY11 FY14 FY15E FY16E
12. 1212MARCH 2017 For updated information, please visit www.ibef.org
DEMAND HAS OUTPACED SUPPLY OVER THE LAST FIVE YEARS
Real consumption of steel (in million tonnes)Total real consumption of steel is estimated at 58.94 MT in FY16
(from April-December 2015)
Driven by rising infrastructure development and growing demand for
automotives, steel consumption is expected to reach 104 MT by
2017
It is expected that consumption per capita would increase supported
by rapid growth in the industrial sector, and rising infra expenditure
projects in railways, roads & highways, etc.
During the month of September 2016, consumption of finished steel
was estimated at 6.7 MT, showing a significant improvement of 7.6
per cent on year on year basis
During FY2016-17, India’s steel consumption is expected to grow at
5.3 per cent YoY to reach 85.8 MT, on the back of anticipated
growth in capital goods and construction sector of the country.
Source: JPC India Steel, Ministry of Steel, TechSci Research
Notes: MT - Million Tonnes
FY16(1) -April-December 2015
STEEL
CAGR: 5.74%
52.1 52.4
59.3
66.4
71 73.5 74.1 76.99
58.94
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16⁽¹⁾
13. 1313MARCH 2017 For updated information, please visit www.ibef.org
DEMAND SUPPLY GAP LEADING TO RISE IN IMPORTS
STEEL
Total domestic demand for steel is estimated at 113.3 mtpa by 2016-17
In FY16(1), India imported 8.39 MT of steel, while steel exports from the
country declined to 2.91 MT in FY16(1) from 5.59 MT during FY15
In order to reduce imports and boost domestic steel manufacturing
industry, the Central Government extended the minimum import price
(MIP) on 19 products, till February 4, 2017. These products include
semi-finished products of iron or non-alloyed steel, flat-rolled products
of different widths, bars and rods
According to DGFT, the MIP for these products would range between
USD 643-752 per tonne
Steel imports into the country fell 34.5 per cent YoY to 3.01 MT, where
as steel exports rose 23.6 per cent YoY to 2.38 MT, during April-
August 2016.
In February 2016, Indian government imposed Minimum Import Price
(MIP) on 173 steel products
Steel exports and imports (in million tonnes)
Source: Ministry of Steel, JSPL Presentation, TechSci Research
Notes: FY - Indian Financial Year (April - March),
E – Estimates, (1) - Provisional,
FY16(1) -April-December 2015
DGFT - Directorate General of Foreign Trade
6.6
6.86
7.93
5.45
9.32
8.39
3.64
4.59
5.37
5.98
5.59
2.91
FY11 FY12 FY13 FY14 FY15 FY16⁽¹⁾
Imports Exports
14. 1414MARCH 2017 For updated information, please visit www.ibef.org
CONSTRUCTION AND INFRASTRUCTURE: KEY STEEL CONSUMERS IN INDIA
STEEL
Construction is India’s largest steel consumer, accounting for 35 per cent of total consumption in FY14
This is not surprising given the heavy use of steel in this sector and soaring construction and infrastructure activity in
the country over the past decade
Infrastructure and Automobiles are the next largest consumer, with 32 per cent of total consumption
Based on higher demand requirements from construction and other steel-intensive sectors, the government plans to double
the domestic per capita consumption of the alloy to 120 kg by 2020.
15. 1515MARCH 2017 For updated information, please visit www.ibef.org
KEY PLAYERS OF THE INDUSTRY
STEEL
Company Products
Tata Steel Ltd Finished steel (non-alloy steel)
SAIL Finished steel (non-alloy steel)
JSW Steel Ltd Hot-rolled coils, strips and sheets
Jindal Steel & Power Ltd Iron and steel
Ispat Industries Ltd Hot-rolled coils, strips and sheets
Welspun-Gujarat Stahl Rohren Ltd Tubes and pipes
Bhushan Steel Ltd Cold-rolled coils, strips and sheets
Visa Steel Ltd Ferro Chrome, coke and special steel
Source: TechSci Research
16. 1616MARCH 2017 For updated information, please visit www.ibef.org
NOTABLE TRENDS IN THE INDIAN STEEL INDUSTRY … (1/2)
Source: Ministry of Steel, Ministry of Railways, TechSci Research
Notes: MOUs - Memorandum of Understanding, MT - Million Tonnes
STEEL
Growing investments
• Potential steel addition capacity would attract an investment of USD83 to USD166 billion
• India stood as the third-largest crude steel producer in 2015
• Most of the companies in the industry are undertaking modernisation & expansion of plants to be
more cost efficient. E.g. SAIL has undertaken modernisation & expansion for its 6 plants
• An Inter-Ministerial Group (IMG) functioning under the Ministry of Steel, is monitoring and
coordinating major steel investments across the country
• The production capacity of SAIL is expected to increase from 13 MTPA to 50 MTPA in 2025 with the
total investment of USD24.88 Billion
Strategic alliances
• International Coal Ventures Pvt Ltd, comprising SAIL, RINL, CIL, NTPC and NMDC, has been set up
for acquisition of coal mines overseas
• The consortium of SAIL and National Fertiliser Limited (NFL) has been nominated for revival of
Sindri Unit of the Fertiliser Corporation of India Limited
• RINL, Vishakhapatnam Steel Plant & the Power Grid Corporation of India Ltd (POWERGRID) signed
an MoU to set up a joint venture company to manufacture transmission line towers & tower parts
including R&D of new high-end products
Entry of international
companies
• Attracted by the growth potential of the Indian steel industry, several global steel players have been
planning to enter the market
• National Mineral Development Corporation (NMDC) has signed an MoU with Russia’s 3rd -largest
steelmaker, Severstal, for a greenfield steel plant in Karnataka
17. 1717MARCH 2017 For updated information, please visit www.ibef.org
STEEL
Increased emphasis on
technological
innovations
• Indian steel companies have now started benchmarking their facilities and processes against global
standards, to enhance productivity
• These steps are expected to help Indian companies improve raw material and energy consumption as
well as improve compliance with environmental and pollution yardsticks
• Companies are attempting coal gasification and gas-based Direct-Reduced Iron (DRI) production.
Other alternative technologies such as Hlsmelt, Finex and ITmk3 being adopted to produce hot metal
• Ministry of Steel has issued necessary direction to the steel companies to frame a strategy for taking
up more R&D projects by spending at least 1 per cent of their sales turnover on R&D to facilitate
technological innovations in the steel sector.
• Ministry has established a task force to identify the need for technology development and R&D
• Ministry has adopted energy efficiency improvement projects for mills operating with obsolete
technologies
• In January 2017, Noamundi iron ore mine of Tata Steel introduced drone technology in mine
monitoring
Source: Ministry of Steel, TechSci Research
NOTABLE TRENDS IN THE INDIAN STEEL INDUSTRY … (2/2)
18. 1818MARCH 2017
KEY STEEL PLANTS IN INDIA
For updated information, please visit www.ibef.org
STEEL
Steel integrated plants
under SAIL (Bhilai, Rourkela,
Bokaro, Durgapur and
Burnpur)
Tata Steel’s largest steel
plant, based in Jamshedpur
RINL steel plant in
Vishakhapatnam
Alloy and special steel plants
under SAIL (Bhadrawati and
Salem); Iron and Steel Plant
at Visvesvaraya
Source: Company websites, TechSci Research
Steel integrated plants
under SAIL (Bhilai, Rourkela,
Bokaro, Durgapur and
Burnpur)
Tata Steel’s largest steel
plant, based in Jamshedpur
RINL steel plant in
Vishakhapatnam
Alloy and special steel plants
under SAIL (Bhadrawati and
Salem); iron and steel plant
at Visvesvaraya
20. 2020MARCH 2017 For updated information, please visit www.ibef.org
STEEL
• Major steel consumption sectors,
such as automobiles, oil & gas,
shipping, consumer durables and
power generation, enjoy high
bargaining power and get
favourable bulk deals. Smaller
customers, however, do not enjoy
this benefit
PORTER’S FIVE FORCES ANALYSIS
Competitive Rivalry
• The steel industry is highly concentrated, with the top five players accounting
for more than 70 per cent of the market share
• Price is generally market determined. Steel companies usually compete on the
basis of production capacity, economies of scale, access to raw material, etc.
Threat of New Entrants Substitute Products
Bargaining Power of Suppliers Bargaining Power of Customers
• Capital intensive, industry players
are large and enjoy economies of
scale. Some have their own mines
for sourcing key raw materials
• Several regulatory clearances
required, including environmental,
land acquisition, etc.
• Large integrated companies have
their own mines to source key raw
materials
• Low threat of substitutes
• Aluminium and plastics are being
used in few cases in automotive
and other consumer durable
sectors. However, it still does not
pose significant threat to steel
Competitive
Rivalry
(Medium)
Threat of New
Entrants
(Low)
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Medium)
Bargaining
Power of
Suppliers
(Medium)
22. 2222MARCH 2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED
STEEL
Source: CCI, Ministry of External Affairs
• Companies in the steel industry are investing heavily in expanding their capacity. Major public &
private companies, including Tata Steel, SAIL & JSW Steel, are expanding their production
capacity. Steel production is expected to reach 200 mtpa by 2020 compared to 91.46 mtpa in 2015
• India is the 3rd-largest steel producer in the world & is expected to become the 2nd largest by 2016
• The government has stepped up infrastructure spending from the current 5 per cent of GDP to 10
per cent by 2017, and the country is committed to investing USD1 trillion in infrastructure during the
12th Five Year Plan. Considering 15 per cent as steel component in the total investment, the
initiative has a potential to generate an additional demand for steel of 18.75mtpa
• The Ministry of Steel is encouraging R&D activities by providing financial assistance from Steel
Development Fund (SDF) & Plan Scheme of the Central Government. Furthermore, the
government has allowed 100 per cent FDI through the automatic route in the Indian steel sector
• A long term perspective is to achieve capacity of 300 mtpa by 2025
Capacity expansion
• In the last few years, rapid & stable growth in demand has also prompted domestic entrepreneurs
to set up fresh greenfield projects in different states of the country. Mittal Steel announced two 12
mtpa greenfield steel projects, 1 each in Jharkhand & Orissa
• As India surges ahead in building infrastructure, investments in steel pave the way ahead
Greenfield projects –
focus on downstream
value-added products
23. 2323MARCH 2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED
STEEL
Source: CCI, Ministry of External Affairs
• Steel companies are strengthening their position through cross border mergers and
acquisitions. The focus is on improving existing technology to upgrade production process and
developing new value added-products.
• In 2014, Arcelor Mittal along with Nippon Steel & Sumitomo Metal Corporation acquired
ThyssenKrupp Steel USA. Notable deals include Essar Global’s acquisition of Canada-based
Algoma Steel.
• On 1st August 2016, Kirloskar Ferrous Industries Ltd has announced to acquire pig iron plant
of VSL Steels Ltd. for USD23.68 million. Also on 18 August 2016, JSW Steel Ltd. has acquired
74 per cent stake of Praxair Oxygen Pvt. Ltd. in their joint venture for USD36 million
• As on December 01, 2016, JSW Steel, the flagship steel company of JSW Group, entered into
a consortium to acquire 35 per cent stakes of Ilva steel plant, in Italy.
• Tata Steel has executed an agreement with Creative Port Development (CPDPL) for the
acquisition of the majority stakes, i.e., 51 per cent in CPDPL in January 2017
Mergers & Acquisition
25. 2525MARCH 2017 For updated information, please visit www.ibef.org
STRONG DEMAND AND POLICY SUPPORT DRIVING INVESTMENTS
STEEL
Policy support
100 per cent FDI in
the steel sector
Encouragement of
sector-based R&D
activities by the
government
Reduced custom
duty and other
favourable
measures
Growing demand in
the construction
industry
Increasing investments
Rising investments
from domestic and
foreign players
Increasing number
of MoUs signed to
boost investment in
steel
Foreign investment
of nearly USD40
billion committed in
the steel sector
Inviting Resulting in
Growing demand in
the automotives
sector
Rising demand for
consumer durables
and capital goods
Growing demand
Note: FDI - Foreign Direct Investment
26. 2626MARCH 2017 For updated information, please visit www.ibef.org
STEEL GROWTH DRIVEN BY CONSTRUCTION & INFRASTRUCTURE
STEEL
Projected values of investment in infrastructure
(USD billion)
Investment in infrastructure by NITI Aayog is expected to
expand at a CAGR of 14.5 per cent over FY12–17
Investment of USD650 billion in the urban infrastructure
sector is expected in the next 20 years
This increase in infrastructure investment is set to raise
steel demand by roughly 18.75 mtpa
Investments of USD33.06 billion* would be made in the
steel sector in the coming years
Source: TechSci Research, Tata Steel
Note: MTPA - Million Tonnes Per Annum
*As per Tata Steel’s estimates
97.3
114.1
131.2
149.1
169.0
191.4
FY12 FY13 FY14 FY15 FY16 FY17
CAGR:
14.5per cent
27. 2727MARCH 2017
3.5 3.8 4.2 4.7 5.2
6.3
7.3 7.3 7.4
9.7
12.5
20.6
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY14
FY15
FY16E
FY20F
For updated information, please visit www.ibef.org
CAPITAL GOODS, CONSUMER DURABLES AND AUTOMOTIVES FURTHER DRIVING STEEL GROWTH
STEEL
Consumer durables market size (USD billion)
Over FY05–20F, the consumer durables sector will expand at a CAGR of 12.54 per cent as growth in disposable income is
expected to result in increase in demand for such products
The consumer durables market is expected to reach USD12.5 billion in FY16 and is projected to reach USD20.6 in FY20
The capital goods and consumer durables sectors are expected to grow at 7.5–8.8 per cent over 2012–21
Automotive production in India expanded at a CAGR of 9.28 per cent during FY10–16
Over FY14–21, the automotive sector is projected to rise at a CAGR of 10.2 per cent
Total automobile production in India (million units)
Source: SIAM, JSPL presentation, Corporate Catalyst India, TechSci Research
Notes: E - Estimate; F- Forecast, FY - Indian Financial Year (April - March)
CAGR:12.54%
2.36
2.98
3.15
3.23
3.09
3.22
3.41
0.57
0.76
0.93
0.83
0.7
0.7
0.78
11.13
14.15
16.31
16.58
17.71
19.45
19.76
FY10 FY11 FY12 FY13 FY14 FY15 FY16
Passenger Vehicles Commercial Vehicles Two & Three Wheelers
28. 2828MARCH 2017 For updated information, please visit www.ibef.org
POLICY SUPPORT AIDING GROWTH IN THE STEEL SECTOR … (1/2)
National Steel Policy
2016
• In view of the sector’s changed dynamics, globally as well as domestically, the Ministry of
Steel has initiated the process of drafting a new National Steel Policy to replace the
existing National Steel Policy of 2005
• New National Steel Policy has been formulated by the Ministry of Steel in 2016, which will
retain the objectives included in National Steel Policy (NSP) 2005. It aims at covering
broader aspects of steel sector across the country including environment and facilitation of
new steel projects, growth of steel demand in India and raw materials
R&D and innovation
• A new scheme, ‘The scheme for the promotion of R&D in the iron and steel sector’, has
been approved with budgetary provision of USD24.6 million to initiate and implement the
provisions of the scheme as per the 11th Five-Year Plan which has continued in the 12th
Five Year Plan
• The development of technology for Cold-Rolled Grain Oriented (CRGO) steel sheets and
other value-added products is also included under the policy purview and is allocated
USD6.7 million
STEEL
Source: Ministry of Steel, TechSci Research
Foreign Direct
Investment
• 100 per cent FDI through the automatic route is allowed in the Indian steel sector
29. 2929MARCH 2017 For updated information, please visit www.ibef.org
Rise in export duty
• The government hiked the export duty on iron ore to 30 per cent ad valorem on all varieties of
iron ore (except pellets)
• Export duty on chrome ore and concentrates has been enhanced to 30 per cent ad valorem
STEEL
POLICY SUPPORT AIDING GROWTH IN THE STEEL SECTOR … (2/2)
Source: The Economic Times, Ministry of Steel, Business Standard,
Make In India, TechSci Research
Reduction in custom
duty on plants &
equipment
• The government has reduced the basic custom duty on the plants & equipments required for
initial set up or expansion of iron ore pellets plants & iron ore beneficiation plants from 7.5/5 per
cent to 2.5 per cent
• Customs duty on imported flat-rolled stainless steel products has been increased to 10 per cent
from 7.5 per cent
• Basic customs duty on steel grade dolomite & steel grade limestone is being reduced from 5
per cent to 2.5 per cent
• Basic customs duty is being reduced from 10 per cent to 5 per cent on forged steel rings used
in the manufacture of bearings of wind-operated electricity generators
Push due to Make in
India initiative
• Going forward, the Make in India initiative & policy decisions taken under it are expected to
augment the country’s steel production capacity & resolve issues related to the mining industry
To meet the target of 300 MT capacity by 2025, the government is planning to come up with a new & dynamic steel
policy for the sector. The government is also planning to create independent regulators for steel and mining sectors.
30. 3030MARCH 2017 For updated information, please visit www.ibef.org
MAJOR INITIATIVES TAKEN BY THE MINISTRY OF STEEL
STEEL
• Export duty on iron ore has been increased to 30
per cent ad valorem on all varieties of iron ore
(except pellets), to preserve iron ore resources for
domestic use
• As per the government’s decision, the Government
of India’s 51 per cent shareholding in Eastern
Investments Company Limited (EIL), under Bird
Group of Companies, was transferred to RINL
• New Research and Development policy for the
steel sector have been finalised/adopted for
implementation
• New techno-economic benchmarks have been
evolved on international patterns to improve
performance of steel PSUs; implementation is
being monitored closely
• The Steel Ministry is preparing a feasibility report to
merge all the small PSUs. Feasibility study is under
preparation for the merger of MSTC(1) and Ferro
Scrap Nigam Limited, Bhilai (FSNL)
• Under R&D scheme in assistance with SDF, 91
R&D projects have been approved upto April 2016,
with total fund of USD145.23 million, wherein SDF
contributed for USD81.91 million
• Under the Ministry, the Joint Plant Committee
(JPC) studied 300 districts, 1,500 villages, 4,500
manufacturers and 8,000 retailers spread over
India’s 28 states and 7 union territories to assess
steel demand in the rural areas and examine the
potential to increase steel consumption levels
• The Ministry of Steel set up the Steel Innovation
Council to promote innovative ideas in the steel
sector
• The National Steel Policy 2017 for the forthcoming
years has been drafted
• To lead the research in the steel sector, Ministry
will be setting up Steel Research and Technology
Mission of India (SRTMI) with an initial corpus of
USD33 million
• Government has initiated Project Monitoring
Group(PMG) constituted under the Cabinet
Secretariat in order to fast track various clearance
issues that results in the delay in investments in the
steel industry
Source: Ministry of Steel, Ministry of External Affairs, TechSci Research
Notes: FSNL: Ferro Scrap Nigam Ltd, (1) Previously known as Metal Scrap Trade Corporation Limited,
SDF: Steel Development Fund
31. 3131MARCH 2017 For updated information, please visit www.ibef.org
STEEL SEZs IN INDIA
STEEL
Developer Location Product
Viraj Profiles Ltd Thane, Maharashtra Stainless steel engineering products
SAIL Salem SEZ Pvt Ltd Salem, Tamil Nadu Steel
Orissa Industrial Infrastructure
Development Corporation
Jaipur, Orissa
Metallurgical-based engineering and
ancillary/downstream industry
Tata Steel Special Economic Zone
(TSSEZ)
Gopalpur, Odisha
Steel and allied downstream
industries
Source: Formal approvals granted in the Board of Approvals after the SEZ rules coming into force,
Special Economic Zones in India website, www.sezindia.nic.in
32. 3232MARCH 2017 For updated information, please visit www.ibef.org
THE SECTOR WITNESSED RISING INVESTMENTS IN THE LAST DECADE
STEEL
Cumulative FDI inflows
Period: April 2000 to March 2016
Sector
Metallurgical industries USD8.890 billion
Per cent of total FDI inflow 3.08
Source: Thomson ONE Banker, “Fact Sheet on Foreign Direct Investment (FDI)”, Department of Industrial Policy and Promotion
Date announced Acquirer name Target name Value of deal (USD million)
Aug-16 JSW Steel Ltd Praxair Oxygen Pvt. Ltd. 36
Aug-16 Kirloskar Ferrous Industries Ltd VSL Steels Ltd. 23.68
Aug-14 JSW Steel Ltd Welspun Maxsteel Ltd 165.85
Apr-14 JSW Steel Ltd Vallabh Tinplate Pvt Ltd 7.63
Mar-14 Lalitanjali Group Pvt Ltd Centom Industries Ltd -
Dec-13 Venus Insec Pvt Ltd Goodluck Steel Tubes Ltd 23.73
Oct-13 JSW Projects Ltd IST Steel & Power Ltd
Aug-13 Readymade Steel India Ltd Kridhan Infra Solutions Pvt
Jul-13 Swelect Energy Systems Ltd Amex Alloys Pvt Ltd
Apr-13 Metallurgica Siderfoge S.r.l AMW-MGM Forgings Pvt Ltd
Feb-13 Wayzata II Indian Ocean Ltd Ramkrishna Forgings Ltd 51.90
Nov-12 Rabale Engineering India Ltd Pradeep Metals Ltd 6.85
Nov-12 Suncoke Energy Inc Visa Steel Ltd-Coke division
Oct-12 Aum Saw Pipes & Industries Pvt Greenearth Resources 2.77
33. 3333MARCH 2017
PLANNED CAPACITY ADDITIONS BY 2016-17
Crude steel capacity addition plans up to FY2015-16 (in mtpa) for private sector companies
Company
Existing
capacity
Brownfield
expansion
Greenfield
expansion
Total capacity
addition
Tata Steel Limited 9.7 0.4 10 20.1
Essar Steel Limited 10 1.46 0 11.46
JSW Steel Limited 14.3 3.8 0 18.1
Jindal Steel & Power Limited 4.5 1.6 7.5 13.6
Bhushan Steel Limited 5.6 0 3.9 9.5
Bhushan Power & Steel Ltd 2.5 0 0 2.5
Monnet Ispat & Energy Ltd 1.5 1.2 0 2.7
Electrosteel Steel 1.7 0 2.51 4.21
Visa Steel Ltd 0.5 1.0 0 1.5
POSCO India Project 0 0 4.0 4.0
Source: Ministry of Steel Annual Report, Joint Plant Committee
Note: MTPA - Million Tonnes Per Annum
STEEL
For updated information, please visit www.ibef.org
35. 3535MARCH 2017 For updated information, please visit www.ibef.org
OPPORTUNITIES … (1/2)
Source: Make In India, SIAM, Ministry of Steel, Airport Authority of India
Notes: Capex – Capital Expenditure, P - Provisional
STEEL
Automotive
• The automotives
industry is forecasted
to grow in size by
USD74 billion in 2015
to USD260-300
billion by 2026
• With increasing
capacity addition in
the automotive
industry, demand for
steel from the sector
is expected to be
robust
• In 2016, Indian
automotive sector is
estimated to be third
largest automotive
market, by volume
Capital goods
• The capital goods
sector accounts for
11 per cent of steel
consumption and
expected to increase
14/15 per cent by
2025-26, and has the
potential to increase
in tonnage and
market share
• Corporate India’s
capex is expected to
grow and generate
greater demand for
steel
Infrastructure
• The infrastructure
sector accounts for 9
per cent of steel
consumption and
expected to increase
11 per cent by 2025-
26.
• Due to such a huge
investment in
infrastructure the
demand for long steel
products would
increase in the years
ahead
Airports
• More and more modern
and private airports are
expected to be set up
• In 2016, passenger traffic
at Indian airport stood at
223.61 million and number
of operational airports
stood at 95 in FY16
• Development of Tier-II city
airports would sustain
consumption growth
• Estimated steel
consumption in airport
building is likely to grow
more than 20 per cent
over next few years
36. 3636MARCH 2017 For updated information, please visit www.ibef.org
STEEL
OPPORTUNITIES … (2/2)
Source: Make In India, Ministry of Power, TechSci Research
Railways
• The Dedicated Rail
Freight Corridor (DRFC)
network expansion would
be enhanced in future
• Gauge conversion,
setting up of new lines
and electrification would
drive steel demand
• Indian Railways started
the PPP mode of funding
and has already awarded
projects worth around
USD1.73 billion during
the first seven months
(April-October) of FY16
Oil and gas
• The liquid fuel
transportation pipeline
network is likely to grow
from the present 16,800
km to 22,000 km in 2014
• Oil and gas amongst
major end-user segment
accounted for ~34.4 per
cent of primary energy
consumption in FY16
• This would lead to an
increase in demand of
steel tubes and pipes,
providing a lucrative
opportunity to the steel
industry
• Investment of USD70
billion are expected
during 2012-17
Power
• The government targets
capacity addition of 88.5
GW under the 12th Five-
Year Plan (2012–17) and
around 100 GW under the
13th Five-Year Plan (2017–
22)
• Both generation and
transmission capacities
would be enhanced,
thereby raising steel
demand from the sector
• Conventional power
capacity addition of 23.98
GW has registered to be
the highest in FY16
Rural India
• Rural India is expected to
reach per capita
consumption of 12.11 kg
to 14 kg for finished steel
by 2020.
• Policies like Food for
Work Programme (FWP)
and Indira Awaas
Yojana, Pradhan Mantri
Gram Sadak Yojana are
driving growing demand
for construction steel in
rural India
• In FY16, per capita
consumption of steel in
rural India is estimated at
60 kg, which is lower in
comparison with the
global average of 216 kg
38. 3838MARCH 2017 For updated information, please visit www.ibef.org
JINDAL STEEL AND POWER LTD: REAPING BENEFITS OF PRUDENT INVESTMENTS … (1/3)
STEEL
Jindal Steel and Power Limited
Incorporated in 1979, Jindal Steel & Power Limited (JSPL) is an
integrated steel producer & the largest coal-based sponge iron
manufacturer in the world. The company has an installed steel production
capacity of 3 MTPA at Raigarh in Chhattisgarh. JSPL is engaged in
manufacturing long products & is specialised in producing long rails for
railways & large sized H-beams as well as columns for the infrastructure
& construction sector
JSPL also has significant presence across the mining, power generation
& infrastructure sectors
In March 2017, Jindal Steel has entered into an agreement with Defence
Research and Development Organisation (DRDO), which would allow the
agency to transfer technology facilitating manufacturing of high-nitrogen
steel, for application in defence sector.
New & expansion projects include setting up of a 7 MTPA integrated steel
plant in Chhattisgarh, 12 MTPA integrated steel plant in Jharkhand & a
12.5 MTPA integrated steel plant in Orissa.
• Achievements:
• 2014 - Company has commissioned the billet caster plant with
capacity of 6 MTPA at Angul with record time of one year
• 2015 - Company has created history with its Raigarh steel
facility producing 10,000 tonnes of crude steel in a single day
Projected crude steel production (million tonnes)
Source: Ministry of Steel,
Company website (www.jindalsteelpower.com),
TechSci Research
E- Estimated
CAGR:
36.0per cent
12.56
31.75
FY15 FY18E6
40. 4040MARCH 2017 For updated information, please visit www.ibef.org
STEEL
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2016
Long track rails
Hot-rolled parallel
flange beams
Column sections
Plate and coils
Wire rods
Organic growth
through capacity
additions
Foray into the oil &
gas and cement
sectors as a part of
diversification
1991
Commenced
operations
FY08
ISO
9001:2008
accreditation
FY15
Steel capacity:
5.75 MTPA
The iron and steel
segment continues
to be a major
contributor (~75per
cent)
Expansion in
international
markets
TMT Re-bars
Strong diversified
customer base of
more than 1 lakh
JINDAL STEEL AND POWER LTD: REAPING BENEFITS OF PRUDENT INVESTMENTS … (3/3)
FY16
Gross
Revenue is
USD2813
Million
Source: Company Website
FY16
Steel capacity:
4.75 MTPA
41. 4141MARCH 2017 For updated information, please visit www.ibef.org
STEEL
Bhushan Steel Limited
Established in 1983, Bhushan Steel Limited (BSL) is the third-
largest secondary steel producer in India. The company is
headed towards an installed capacity of 7 MTPA (post
completion of Phase III; 4.7 MTPA of primary and 2.2 MTPA of
secondary). It primarily manufactures flat steel products for the
automobile industry
Products – Cold-rolled closed annealed coils, galvanised coils
and sheets, high tensile steel strapping, colour coated coils,
galume sheets and coils, hardened and tempered steel strips,
billets, sponge iron, precision tubes and wire rods
• Milestones:
• Emerged as third largest cold rolled steel producer
with an installed capacity of 1 MT and sales more
than USD1 Billion
• Transformed itself as one of the largest and only Cold
Rolled Steel plant in India
Projected crude steel production (million tonnes)
Source: Company website (www.bhushansteel.com), Ministry of Steel
Annual Report 2015, TechSci Research
E- Estimated
CAGR:
78.1per cent
BSL: TRANSITION INTO INTEGRATED STEEL PRODUCER, A STRATEGIC MOVE … (1/3)
2
7.34
FY16 FY18E
43. 4343MARCH 2017 For updated information, please visit www.ibef.org
STEEL
Cold-rolled
Wheel, tyre and
axle plant (railways)
Alloy steel
Iron making and
castings
Organic growth in
steel and flat
products
Capacity
expansion
(0.9 MT to 2.5 MT)
Partnership with
Japanese steel
producer,
Sumitomo
FY06
Primary steel
production in
Odisha
FY15
USD1.76
billion
turnover
Galvanised
Color coated tiles
and pipes
Alloy billets
Sponge iron
Other
developed products Technological
upgradation and
further capacity
addition
Company has 6,047
employees as of
March 2014
BSL: TRANSITION INTO INTEGRATED STEEL PRODUCER, A STRATEGIC MOVE … (3/3)
FY16
USD1.94
billion
turnover
Note: (1) - Data is in terms of crude steel, till December 2015
March, 2016: Received the
environment clearance of
USD458.3 million for
setting up a pellet unit
having production capacity
of 7 MTPA
Company has
existing capacity(1)
of 5.6 MT
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2014 2016
1989
Secondary
steel
production in
UP
44. 4444MARCH 2017 For updated information, please visit www.ibef.org
TATA STEEL: A COMPELLING GROWTH STORY … (1/3)
STEEL
Tata Steel Limited
Established in 1907 by the visionary founder – JN Tata, Tata Steel is
among the top ten global steel companies with an annual crude steel
capacity of nearly 30 MTPA
The company caters to sectors such as automotive, construction,
consumer goods, engineering, packaging, energy & power, ship
building, rail and defense & security
• Milestones:
• 2009 – Tata Ryerson and HMPCL merge with Tata Steel
• 2007 – Tata Steel and Corus were integrated at USD12 billion,
making Tata Steel one of the top ten global steel producers
• 2013 – Tata Steel made a transition from open cast mining to
underground mining
• 2016 – Company would increase its crude steel capacity from
the current level of 9.96 MTPA in FY16 to 33.2 MTPA by FY18
• As per Dow Jones Sustainability Index 2016, the company was
declared global industry leader in the steel sector.
• As on December 7, 2016, Tata Steel announced its plans to
invest USD1.36 billion during 2017-2027, to support its steel
manufacturing at Port Talbot, United Kingdom
• In accordance with all technical parameters, Tata Steel’s 1st
ever Ferro Chrome plant started production at Gopalpur in
Bhubaneshwar, in February 2017
Projected crude steel Production (million tonnes)
Source: Ministry of Steel Annual Report 2016, Company website
(www.tatasteel.com), TechSci Research
F- Forecast
CAGR:
82.6per cent
9.96
33.2
FY16 FY18EFY18F
45. 4545MARCH 2017 For updated information, please visit www.ibef.org
STEEL
Financial growth (USD billion)(1)Production and sale of steel (million tonnes)
Source: Company website (www.tatasteel.com), TechSci Research
Notes: NPAT - Net Profit After Tax,
(1)Financials reflect figures of Indian operations
TATA STEEL: A COMPELLING GROWTH STORY … (2/3)
4.6
4.9
4.9
5.4
6.4
6.7
7.0
7.9
8.9
9.1
10
4.4
4.8
4.8
5.2
6.2
6.4
6.6
7.5
8.5
8.8
9.5
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Production Sales
3.90
4.50
5.60
5.90 5.80
7.20 7.10 7.00 6.90 6.90
5.84
0.80 0.90
1.20 1.10 1.10
1.50 1.40
0.90 1.10 1.10
0.75
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Gross Revenue NPAT
46. 4646MARCH 2017 For updated information, please visit www.ibef.org
Source: Company website (www.tatasteel.com), TechSci Research
Notes: M&A - Mergers and Acquisitions, (1)- Revenues from Indian operations; (2) – Data is in terms of crude steel, till December 2015
STEEL
TATA STEEL: A COMPELLING GROWTH STORY … (3/3)
Blast furnace
Organic growth in
steel
Capacity
expansion
(3 MT)
M&A
(Tata-Corus)
Technological
upgradation
1912
Production
capacity (1.6
lakh tonnes)
Diversification
(coal injection
unit)
FY06
USD3,625
million
turnover
Pig iron and
steel ingots
Wheel, tyre and
axle plant (railways)
Alloy steel
FY15
USD6.9
billion
turnover(1)
Iron making and
castings
Developed products
Announced plans to
merge Tata
Metaliks Ltd and
Tata Metaliks
Kuboto Pipes Ltd
with itself in April
2013
Company has
existing
capacity(2) of
9.6 MT
FY16
USD5.84
billion
turnover(1)
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2016
47. 4747MARCH 2017 For updated information, please visit www.ibef.org
JSW STEEL: SURGING AHEAD ON COST COMPETITIVENESS … (1/3)
STEEL
JSW Steel
Established in 1994, JSW Steel Ltd manufactures iron and
steel products in India and abroad. The company has an
installed capacity of 14.3 million tonnes per annum,
Products – Hot-rolled coils, plates and sheets; cold-rolled coils
and sheets; galvanised sheets and coils, galvume; TMT bars,
wire rods, cast products, pre-painted galvanised coils, sheets.
• Achievements:
• 2011 – National Sustainability Award by the Indian
Institute of Metals
• 2009 – Gold Award in the Metal and Mining sector
• 2008 – National Energy Management Award instituted
by CII
• 2014 – Company plans to increase the crude steel
capacity to 47 MTPA by FY18 from the current level of
14.3 MTPA
• In FY15, JSW reported net sales of USD8.79 billion
and became the largest steel producer in the country
leaving behind SAIL and Tata Steel
• In FY16, JSW accounted for net sales of USD6.4 billion
Projected crude steel production (million tonnes)
Source: Ministry of Steel Annual Report 2016,
Company website (www.jsw.in), TechSci Research
E- Estimated
12.56
47
FY16 FY18E
CAGR:
93.4per cent
51. 5151MARCH 2017
INDUSTRY ASSOCIATIONS
Indian Stainless Steel Development Association
L-22/4, DLF Phase-II
Gurgaon, Haryana –122 002
Phone: 91-124-4375501
Fax: 91-124-4375509
E-mail: nissda@gmail.com
For updated information, please visit www.ibef.org
STEEL
52. 5252MARCH 2017
GLOSSARY
CAGR: Compound Annual Growth Rate
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
So FY10 implies April 2009 to March 2010
JV: Joint Venture
MoU: Memorandum of Understanding
MT: Million Tonnes
MTPA: Million Tonnes Per Annum
NPAT: Net Profit After Tax
SEZ: Special Economic Zone
TMT: Thermo Mechanically Treated
USD: US Dollar
Wherever applicable, numbers have been rounded off to the nearest whole number
For updated information, please visit www.ibef.org
STEEL
53. 5353MARCH 2017
Exchange rates (Fiscal Year)
For updated information, please visit www.ibef.org
EXCHANGE RATES
Exchange rates (Calendar Year)
STEEL
Year INR equivalent of one USD
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-2017E 66.95
Source: Reserve bank of India,
Average for the year
Year INR equivalent of one USD
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 (Expected) 67.22
54. 5454MARCH 2017
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STEEL