Iron & Steel Industry in India

6375 Words Jul 4th, 2009 26 Pages
The objectives of the study are as follows: To analyze the top and bottom five Iron and Steel Industries in India Analyzing the trend of key ratios across the top and bottom five Iron and Steel companies in India Finding the factors responsible in the production of Iron and Steel To analyze the data of the associated factors and finding a model for demand in Indian Iron and Steel Industry in 2010 Overview The steel industry is a dynamic, innovative sector, which is constantly adapting and refining itself to become more competitive in the market. The industry does this by developing new, improved steel grades and production procedures that produce better and more cost-effective product lines for …show more content…
However, the 1973–4 oil crisis put a brake on the fast pace of steel production growth and further led the global steel industry into a transformation era lasting two decades. The period 1975–2000 was characterized by production stagnation, in terms of scale, and structural transformation driven by widespread technological innovation which created 75% of the categories of steel products used today. Current Global Scenario In the year 2000, the World Crude Steel production was 848 million tonnes, showing an impressive growth of 7.6% over the previous year. The world steel consumption also rose by almost 8%. The international steel trade constituted around 303 million tons or 40.5% of the production. In 2001 and 2002, world crude steel production was 833.70 million tonnes and 886.70 million tonnes, respectively. The following significant developments have been witnessed recently in the global steel scenario: There has been a spate of mergers and acquisitions all over the world in the steel industry. This is a relatively new development in the steel industry and is not confined only to companies within the same country but often involved cross border acquisitions and mergers. China has emerged as the most vibrant market for steel production and consumption. The crisis of excess capacity and

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