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A number of government initiatives and growing domestic demand are driving the Indian steel industry in tough economic time, said RNCOS new research report, "Indian Steel Industry Outlook to 2012". Steel demand in India is expected to rise at least 5% in the current fiscal year despite slump in the global demand.

The Indian Steel Ministry after the formation of new government has announced an investment of Rs 11 Lakh crore in the sector, and the central government is taking all necessary measures like adding anti-dumping duties on cheap imports to protect domestic players.

Besides, the government spending on infrastructure projects will further spur the steel demand in the country. To sustain growth rate during global meltdown, the Indian government is targeting an investment of US$ 20.38 Billion over the next two years in the infrastructure sector.

According to the report, India consumes only 46 Kilograms per head of steel as compared to the global average of 150 Kilograms. This low level of consumption is expected to create huge demand in coming years due to rapid economic development.

"Indian Steel Industry Outlook to 2012" provides comprehensive information along with rational analysis on the Indian steel industry. It includes past, present and future data of steel production, consumption, trade and various other segments. The report also covers sectors like automobile, railways, housing, aerospace to help clients to understand how these sectors contribute to the growth of steel industry.

The report thoroughly evaluates advantages/disadvantages India has to become an attractive destination for carrying out steel business. It gives an insight into the potential of Indian steel industry by focusing on the growth prospects of steel consuming industry in terms of fresh investments. The research provides forecast of various industry segments to enable clients to identify un-tapped critical opportunities available in the industry.

For more information visit: http://www.rncos.com/Report/IM182.htm