Indian Steel industry has shown the second highest growth rate for steel production in Asia after China in 2006. With a GDP growth of around 8% in 2005-06, Indian economy as well as the industrial development got a boost and this helped to shape the increasing steel demand and production in India. The report "Opportunities in Indian Steel Industry” by RNCOS undertakes a detailed analysis of the forces that have shaped the Indian steel industry in order to predict the future trends and prospects.
Industry Performance
This section gives a detailed analysis of steel industry in India. This section looks into the factors that have influenced the industry over a period of time, like steel production and raw materials, steel consumption, and export-import of steel products etc. The section also puts forth a comprehensive analysis on the fluctuating performance of the Indian steel industry.
Key Players Analyzed
In this section, business overview and financial facts of key players including, Steel Authority of India, Tata Iron & Steel Company Limited, Ispat Industries Limited, and Essar Steel Limited, are provided for better understanding of the competitive environment in the indsutry.
Key Issues and Facts Analyzed
- What will be the future demand and production capacity for steel industry?
- What are the growth opportunities for the steel manufacturers?
- What are the major driving factors for the steel industry?
- What will be the major constraints for future growth of steel industry?
- Who are the key competitors in the Indian steel industry?
Key Findings
- Indian steel industry is closely linked with domestic economic growth.
- India housing and construction industry is likely to grow in India, which is one of the major steel consuming industries.
- Growing Indian automobile industry, which depends on steel industry for parts manufacturing, will lead to a strong steel demand in future.
- The high cost of electricity in India may hamper the steel industry’s production level.
- Recent increase in production capacity and foreign investment in India is pushing the Indian steel production.
- Demand is expected to rise in future with economic and industrial growth.
Research Methodology Used
Information Sources
The information has been compiled from various authentic and reliable sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and access to more than 3000 paid databases.
Analysis Method
Methods like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis have been used to prudently analyze the report.
