10-05-2012, 02:54 PM
INDIAN STEEL INDUSTRY
steel-industry-in-india-1231838708590051-1.ppt (Size: 966.5 KB / Downloads: 48)
INTRODUCTION
Steel is crucial to the development of any modern economy and is considered to be the backbone of human civilisation.
It is a product of a large and technologically complex industry having strong forward and backward linkages in terms of material flows and income generation.
Global Steel Industry
The current global steel industry is in its best position in comparing to last decades. The price has been rising continuously.
The demand expectations for steel products are rapidly growing for coming years. The shares of steel industries are also in a high pace.
The subprime crisis has lead to the recession in economy of different countries, which may lead to have a negative effect on whole steel industry in coming years.
However steel production and consumption will be supported by continuous economic growth.
Steel production in india
Indian steel industry is poised for rapid growth.
India’s share in world production of crude steel increased from 1.5% in 1981 to around 7.3% in 2008.
The private sector is considered engine of growth in the steel industry and technological changes and modernization are taking place in both the public and the private sector integrated steel plants in India.