- 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.
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.
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.
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 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
- 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.
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.
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.
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.
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 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
- 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.
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.
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. 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 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. 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 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 steel industry in India has seen notable trends in recent times:
1) Major players are undertaking modernization and expansion projects to increase efficiency and production capacity.
2) Growing investments are coming from strategic alliances between public and private sector companies as well as entry of international players.
3) Companies are benchmarking facilities against global standards to improve productivity, reduce costs, and meet environmental standards.
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.
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 seen significant growth in recent years. India has become the second largest producer of crude steel in the world, with production reaching 103 million tonnes in FY18. Capacity has also increased rapidly to around 138 million tonnes in FY18, and plans are in place to reach 300 million tonnes by 2031. Consumption has grown at a CAGR of 5.7% from FY08 to FY18 to reach around 91 million tonnes. However, demand has generally outpaced supply in recent years. The government has implemented policies like the National Steel Policy 2017 to encourage further growth and help the industry reach global benchmarks.
Major steel companies in India are increasing production capacity to meet growing demand. Capacity has increased to 137.98 million tonnes in 2017-18 from 59.84 million tonnes in 2008. The National Steel Policy aims to further increase capacity to 300 million tonnes by 2030-31 by attracting investments of US$ 156.08 billion. Consumption has also grown steadily, with India expected to become the second largest steel consumer globally by 2019. The industry is consolidating with both domestic expansions and entry of international players, providing opportunities for further growth.
India's 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 production also increased at a CAGR of 6.47% over the same period. Steel consumption has outpaced supply, growing at a CAGR of 5.70% to reach 90.71 million tonnes in FY18.
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.
India is the second largest producer and consumer of steel next to China. The steel industry contributes around 2% of the GDP and employs 500,000 people directly and 2.5 million indirectly.
Steel is fundamental to the growth of a country. So, let us talk about this industry.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
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 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 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 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.
The document provides an overview of metals and mining in India. Some key points:
- India is the 3rd largest producer of coal and 4th largest producer of iron ore globally. It is also the 3rd largest steel producer.
- The metals and mining sector saw strong growth over the years, with iron ore and steel accounting for a major share.
- Key states contributing to mineral production are Odisha, Rajasthan, Jharkhand and Gujarat.
- Rising infrastructure development and automotive production are driving demand for steel and metals in India.
The document discusses strategies for India's energy sector in the 12th Five Year Plan and beyond. It outlines recommendations from the Integrated Energy Policy including pricing policies for different energy sources, enhancing domestic energy production, sector initiatives, renewable energy, energy efficiency, R&D, and more. It also provides data on India's current energy production and consumption compared to other countries, future projections, capacity additions in the power sector, and strategies around oil/gas exploration, pipelines, clean cooking fuel access and more.
The document discusses energy and energy resources. It defines energy and lists various forms of energy. It notes that the three primary energy sources are solar energy, geothermal energy from the Earth's interior, and planetary energy from gravitational attraction and tides. It describes how humans have historically harvested more useful forms of energy, from grass and meat to modern fossil fuels and electricity. The document also discusses trends in global and Indian energy consumption and production over time and by sector. It notes that while population and development have increased energy demand, conventional energy sources are depleting and environmentally hazardous. More sustainable non-conventional energy sources need to be adopted.
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.
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. 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 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. 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 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 steel industry in India has seen notable trends in recent times:
1) Major players are undertaking modernization and expansion projects to increase efficiency and production capacity.
2) Growing investments are coming from strategic alliances between public and private sector companies as well as entry of international players.
3) Companies are benchmarking facilities against global standards to improve productivity, reduce costs, and meet environmental standards.
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.
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 seen significant growth in recent years. India has become the second largest producer of crude steel in the world, with production reaching 103 million tonnes in FY18. Capacity has also increased rapidly to around 138 million tonnes in FY18, and plans are in place to reach 300 million tonnes by 2031. Consumption has grown at a CAGR of 5.7% from FY08 to FY18 to reach around 91 million tonnes. However, demand has generally outpaced supply in recent years. The government has implemented policies like the National Steel Policy 2017 to encourage further growth and help the industry reach global benchmarks.
Major steel companies in India are increasing production capacity to meet growing demand. Capacity has increased to 137.98 million tonnes in 2017-18 from 59.84 million tonnes in 2008. The National Steel Policy aims to further increase capacity to 300 million tonnes by 2030-31 by attracting investments of US$ 156.08 billion. Consumption has also grown steadily, with India expected to become the second largest steel consumer globally by 2019. The industry is consolidating with both domestic expansions and entry of international players, providing opportunities for further growth.
India's 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 production also increased at a CAGR of 6.47% over the same period. Steel consumption has outpaced supply, growing at a CAGR of 5.70% to reach 90.71 million tonnes in FY18.
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.
India is the second largest producer and consumer of steel next to China. The steel industry contributes around 2% of the GDP and employs 500,000 people directly and 2.5 million indirectly.
Steel is fundamental to the growth of a country. So, let us talk about this industry.
This reports gives reader an overview of India steel industry. It will explain India position from world prospective, its working and dominant players.
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 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 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 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.
The document provides an overview of metals and mining in India. Some key points:
- India is the 3rd largest producer of coal and 4th largest producer of iron ore globally. It is also the 3rd largest steel producer.
- The metals and mining sector saw strong growth over the years, with iron ore and steel accounting for a major share.
- Key states contributing to mineral production are Odisha, Rajasthan, Jharkhand and Gujarat.
- Rising infrastructure development and automotive production are driving demand for steel and metals in India.
The document discusses strategies for India's energy sector in the 12th Five Year Plan and beyond. It outlines recommendations from the Integrated Energy Policy including pricing policies for different energy sources, enhancing domestic energy production, sector initiatives, renewable energy, energy efficiency, R&D, and more. It also provides data on India's current energy production and consumption compared to other countries, future projections, capacity additions in the power sector, and strategies around oil/gas exploration, pipelines, clean cooking fuel access and more.
The document discusses energy and energy resources. It defines energy and lists various forms of energy. It notes that the three primary energy sources are solar energy, geothermal energy from the Earth's interior, and planetary energy from gravitational attraction and tides. It describes how humans have historically harvested more useful forms of energy, from grass and meat to modern fossil fuels and electricity. The document also discusses trends in global and Indian energy consumption and production over time and by sector. It notes that while population and development have increased energy demand, conventional energy sources are depleting and environmentally hazardous. More sustainable non-conventional energy sources need to be adopted.
This document provides a summary of the Indian energy sector and key insights from the 2017 post-budget. It discusses the installed capacity, generation and consumption of energy in India. The budget announced proposals to increase strategic crude reserves, develop more solar parks, achieve rural electrification targets and commence the second phase of solar development. It also covers policy impacts on sectors like LNG, impacts of GST on renewables and analysis using Porter's five forces model. The conclusion states that while the budget affirms commitment to reforms, bolder measures were needed to help the energy sector with its sluggish growth.
A presentation on opportunities for employment in the Indian Energy Sector. This presentation was given to the final year students of my Alma Matter - Birla Institute of Technology, Mesra (BIT Mesra) during the Silver Jubilee Reunion on 21st November 2008.
Industrial Energy Consumption in Pakistan is the presentation based on the consumption of Energy (MTOE) and fuel types by different industrial sectors in Pakistan mainly cement, textile, fertilizer, sugar, brick kilns, steel industry and other small and medium sized industries.
The document provides an overview of Pakistan's energy sector. It notes that energy is a key determinant of economic development. Pakistan's total energy consumption in 2009-10 was 63.1 million tons of oil equivalent. The majority of Pakistan's energy comes from natural gas and oil. However, there is a push to increase the use of domestic coal, hydropower, and renewables. Key challenges facing Pakistan's energy sector include a growing demand, reliance on imported fuels, underdevelopment of domestic resources, and poor governance. Addressing these issues through integrated energy planning and developing indigenous energy sources is seen as important for Pakistan's economic growth.
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 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 a presentation given by Amit Agarwal on the Indian steel industry. It discusses key topics like the role of steel in infrastructure and construction sectors in India, which account for over 50% of India's steel consumption. It also outlines the government's impetus on infrastructure spending and the National Steel Policy 2017, which aims to increase India's crude steel capacity and production. The document then provides an overview of Jindal Steel and Power Limited, noting its annual turnover, steelmaking capacity, investments, steel consumption served in India, and production facilities.
The document provides an overview of India's metals and mining sector. It discusses that India is the 3rd largest producer of coal and 4th largest producer of iron ore globally. Iron and steel accounts for a major share of the sector. It also outlines growth in the sector over years, with value of imports peaking at USD 201.46 billion in FY2012. Key states contributing to mineral production are Odisha, Rajasthan, and Jharkhand. The sector is expected to continue growing due to rising infrastructure development and industrial activity.
The document summarizes the Indian steel industry and JSPL's role in it. It discusses how infrastructure and construction sectors drive 50% of India's steel demand and will continue to do so. It outlines the government's impetus on infrastructure spending and the National Steel Policy 2017 which aims to increase steel production capacity and per capita consumption. JSPL is well positioned as a major steel producer in India, with multiple production facilities and plans for continued investment and growth. It supplies steel across various industries to meet 4.5% of India's total steel demand.
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.
India is a major producer and consumer of metals and mining resources. It is the third largest producer of coal, fourth largest producer of iron ore, and third largest steel producer globally. Demand for metals and mining resources has been growing in India due to increased infrastructure development and manufacturing activity. While domestic production has increased for many resources like steel, demand has outstripped supply for some items, resulting in India becoming a net importer of metals like iron ore. The metals and mining sector is expected to continue growing in India, driven by the country's rapid economic and industrial development.
India is a major producer and consumer of metals and minerals globally. It is the third largest producer of coal, fourth largest producer of iron ore, and third largest steel producer. Metals and mining contributes significantly to India's GDP and the sector is expected to grow substantially over the coming years due to rising infrastructure development and industrialization. The key segments in India's metals and mining industry are coal, iron and steel, aluminium, base metals, precious metals and minerals, and bauxite. States like Odisha, Jharkhand and Chhattisgarh are the major contributors to the country's mineral production.
India ranks 4th globally in iron ore production and had around 8% of the world's deposits. It became the 3rd largest steel producer in 2017 with production reaching 83.01 million tonnes. India also has the 7th largest bauxite reserves at 2,908.85 million tonnes in 2017. The metals and mining sector in India has seen strong growth over the years due to rising infrastructure development and increasing demand for steel and aluminum. Iron and steel accounts for a major share of India's metals and mining sector.
The document is a study paper that analyzes the financial performance of Tata Steel and Jindal Steel and Power using ratios over a 5-year period from 2013-2014 to 2016-2017. It includes an introduction to the Indian steel industry, objectives of the study, company profiles of Tata Steel and Jindal Steel, the theoretical framework and research methodology used. It also presents data analysis, interpretation of the comparative financial performance, and conclusions and recommendations.
The document provides an overview of India's metals and mining sector. Some key points:
- India ranks 4th globally in iron ore production and 3rd in steel production. It also has significant reserves of bauxite and coal.
- The sector has seen strong growth in recent years due to rising infrastructure development and automotive production. Steel demand is expected to continue growing.
- Iron and steel accounts for the majority share of the metals and mining sector due to India's position as a leading steel producer. Iron ore production and steel demand have both increased substantially.
- Rising domestic demand has put pressure on domestic supply, causing India's imports of iron ore and steel to rise in order to meet growing
The document provides an overview of metals and mining in India. Some key points:
- India is the 3rd largest producer of coal, 4th largest producer of iron ore, and 3rd largest steel producer globally.
- Iron and steel accounts for over 50% of India's mining sector. Coal and non-metallic minerals also have significant shares.
- Production of iron ore, steel, and coal has been growing steadily over the years. Steel demand is expected to continue rising with infrastructure development.
- Rising domestic demand has made India a net importer of iron and steel, even as domestic production increases, showing strong potential for further growth.
The document provides an overview of India's cement industry. It states that India has the second largest cement production capacity in the world at around 395 million tonnes. The industry is dominated by private players who account for 98% of total capacity. Large cement plants with capacities over 350 million tonnes are concentrated in the states of Andhra Pradesh, Rajasthan and Tamil Nadu. Cement demand is expected to grow due to increased infrastructure development. Production capacity is projected to reach 550 million tonnes by 2025.
The document discusses challenges facing the Indian steel industry and its future outlook. It notes that while Indian steel companies have achieved higher profit margins than global peers, the industry now faces issues like volatile domestic iron ore supply, potential overcapacity, and changing customer demands. The industry must improve resource management, project execution, customer focus, supply chain management, and human capital management to better position itself for future growth opportunities in India.
Similar to Steel Sectore Report - January 2017 (14)
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
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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[4:55 p.m.] Bryan Oates
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Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
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2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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3. 33JANUARY 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 FY15, total steel production was 91.46 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
• In 2015, India’s per capita consumption of steel was ~60 kg, which is close to one fourth of
the international average, indicating strong growth opportunity
• 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. 55JANUARY 2017
Growing demand
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
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
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
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
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
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
7. 77JANUARY 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. 88JANUARY 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. 99JANUARY 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. 1010JANUARY 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
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. 1111JANUARY 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
30.1
43
36.5
46.8
57.8
81
87.9
100
FY07 FY08 FY09 FY10 FY11 FY14 FY15E FY16EE
12. 1212JANUARY 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. 1313JANUARY 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
US$ 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.
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. 1414JANUARY 2017 For updated information, please visit www.ibef.org
CONSTRUCTION AND INFRASTRUCTURE: KEY STEEL CONSUMERS IN INDIA
Source: Ernst & Young , TechSci Research
Note: Figures mentioned are as per latest data available
STEEL
Sector-wise steel consumption FY14Construction 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.
35%
20%
12%
10%
8%
15%
Construction
Infrstructure
Automobiles
Pipes and Tubes
Capital Goods
Others
15. 1515JANUARY 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. 1616JANUARY 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
• To enhance capacity by 488.66 million tonnes, 301 MOUs have been signed with states
• 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 and expansion of
plants to be more cost efficient. E.g. SAIL has undertaken modernisation and expansion
for its six 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 and the Power Grid Corporation of India Ltd
(POWERGRID) signed an MoU to set up a joint venture company to manufacture
transmission line towers and 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
third-largest steelmaker, Severstal, for a greenfield steel plant in Karnataka
17. 1717JANUARY 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
Source: Ministry of Steel, TechSci Research
NOTABLE TRENDS IN THE INDIAN STEEL INDUSTRY … (2/2)
18. 1818JANUARY 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. 2020JANUARY 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. 2222JANUARY 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 and private companies, including Tata Steel, SAIL and 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 third-largest steel producer in the world, and is expected to become the second
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) and 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 and 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, one each in Jharkhand and Orissa
• As India surges ahead in building infrastructure, investments in steel pave the way ahead
Greenfield projects –
focus on downstream
value-added products
23. 2323JANUARY 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% stakes of Ilva steel plant, in Italy.
Mergers & Acquisition
25. 2525JANUARY 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. 2626JANUARY 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
As per Tata Steel’s estimates, USD33.06 billion would be
invested in the steel sector in the coming years
Source: TechSci Research, Tata Steel
Note: MTPA - Million Tonnes Per Annum
97.3
114.1
131.2
149.1
169.0
191.4
FY12 FY13 FY14 FY15 FY16 FY17
CAGR: 14.5%
27. 2727JANUARY 2017 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%
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
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. 2828JANUARY 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. 2929JANUARY 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 and equipments
required for initial set up or expansion of iron ore pellets plants and 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 and 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 and policy decisions taken under it are expected
to augment the country’s steel production capacity and 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 and dynamic steel
policy for the sector. The government is also planning to create independent regulators for steel and mining sectors.
30. 3030JANUARY 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 2016 for the forthcoming
years is under finalisation
• 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. 3131JANUARY 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. 3232JANUARY 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. 3333JANUARY 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. 3535JANUARY 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. 3636JANUARY 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. 3838JANUARY 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 and Power Limited (JSPL) is an
integrated steel producer and 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 and is specialised in
producing long rails for railways and large sized H-beams as well
as columns for the infrastructure and construction sector
JSPL also has significant presence across the mining, power
generation and infrastructure sectors
New and expansion projects include setting up of a 7 MTPA
integrated steel plant in Chhattisgarh, 12 MTPA integrated steel
plant in Jharkhand and 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: 36.0%
12.56
31.75
FY15 FY18E6
40. 4040JANUARY 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 (~75%)
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. 4141JANUARY 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: 78.1%
BSL: TRANSITION INTO INTEGRATED STEEL PRODUCER, A STRATEGIC MOVE … (1/3)
2
7.34
FY16 FY18E
43. 4343JANUARY 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. 4444JANUARY 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
Projected crude steel Production (million tonnes)
Source: Ministry of Steel Annual Report 2016, Company website
(www.tatasteel.com), TechSci Research
F- Forecast
CAGR:
82.6%
9.96
33.2
FY16 FY18EFY18F
45. 4545JANUARY 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. 4646JANUARY 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. 4747JANUARY 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: 93.4%
51. 5151JANUARY 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. 5252JANUARY 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. 5353JANUARY 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. 5454JANUARY 2017
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STEEL