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Steel Industry

 Essay regarding Steel Market

REPORT WITH THE WORKING GROUP ON STEEL INDUSTRY TO GET THE TWELFTH FIVE 12 MONTHS PLAN (2012 – 2017)

Ministry of Steel (November 2011)

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RECORD OF THE WORKING GROUP ABOUT STEEL INDUSTRY FOR THE TWELFTH FIVE YEAR PLAN (2012 – 2017)

LIST OF CONTENTS Sl. No .

1 . 2 . a few. 4. My spouse and i

CHAPTER NO .

PREFACE INTRO

SUBJECT

SITE NO .

5–6 7 on the lookout for – 20 21 – 30 thirty-one – thirty seven

EXECUTIVE BRIEF SUMMARY PERFORMANCE OF INDUSTRY DURING 11TH PREPARE (2007-2012) PROSPECTIVE CUSTOMERS OF HOUSEHOLD DEMAND FOR STEEL – REPORT ON RELEVANT MACRO ECONOMIC ELEMENTS DEMAND AND PROVIDE PROJECTIONS INTENDED FOR 12TH PLAN (2012-2017) UNCOOKED MATERIAL CONCERNS INFRASTRUCTURE CONCERNS TECHNOLOGICAL CONCERNS, PROMOTION OF RESEARCH AND DEVELOPMENT IN IRON & STEEL MAKING ENVIRONMENT MANAGING AND SAFETY ISSUES RECOMMENDATIONS ANNEXURES / DESKS LIST OF ANNEXURES LIST OF DESKS ABBREVIATIONS

five.

II

six.

III

39 – 52 53 – 88 89 – 98 99 – 137

six. 8. on the lookout for.

IV V VI

12.

VII

139 – 157

11 12 13 18 15

VIII

159 -- 184 185 – 227 229 231 -234 235 – 236

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PREFACE

The decade subsequent liberalisation was a period of powerful economic progress, increased liquidity and low interest rates. As the resultant developing boom was also taken care of during the 10th plan, the steel market prospects within the eve of eleventh strategy (2007-12) had been largely positive. These anticipations were also validated by the primary plan efficiency but the sudden global hardship of 08 triggered by the sub-prime personal debt crisis was going to prove the spoilsport leading to substantial scaling down of businesses and income. However due to Indian economy‘s inherent resilience these reverses were only temporary and even the domestic stainlesss steel sector managed to make an improvement helped with a resurgence in sectors like automotive devices, capital merchandise and structure. 2 . Today as the 11th plan draws into a close, the growth indicators intended for the market remain positive but the overall performance levels are lower than the thing that was achieved throughout the pre- crisis phase. Regarding future potential customers - which includes the 12th plan (201217) period, the view remains hopeful despite worries regarding the existing domestic and global economic scenario. The optimism comes from the fact that as compared to various other emerging economies the basic basics of the economy remains good which is important for an industry depended even more on home than exterior demand developments. But the developing budgetary shortage sliding rupee and double digit inflation will be worrying and from a business perspective there are fears of a slowing down while reflected inside the volatile share markets, decrease investment due to increasing cost of credit and rising insight prices specifically of imported fuel and raw materials. In addition there are fears about a likely shrinkage in global demand inside the wake of the new global crisis brought on by uncontrollable public financial debt in the US and a lot of European countries. several. However , because highlighted in the 12th plan Approach Newspaper the above difficulties may only be temporary and given the strong fundamentals the economy is very well placed to achieve a growth rate of 9% over the following five years. The home growth prospects for the industry therefore remain great. The sector already has certain inherent advantage like easy access to key raw materials, low cost of labour, requisite technical staff members, a high prospect of technology compression and most important a growing domestic market. Because demand for stainlesss steel is essentially a derived require, any progress in the main consuming areas may be anticipated to provide the essential performance incitement. In this context the recommended huge purchase for system development and implementation of the new Countrywide Manufacturing Coverage (NMP) during the 12th program period are relevant. 4. Presently we could the fourth most significant producer of crude metallic and the largest producer of sponge straightener in the world. In terms of techno economical efficiency of operations each of our steel producing units are...

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