Trade Analytics
Steel
India is expected to become the second-largest steel producer in the world by 2016.

Indian Steel Industry Analysis

Latest update: January, 2017

Steel demand has outpaced supply over the last five years

  • Driven by rising infrastructure development and growing demand for automotives, steel consumption is expected to reach 104 MT by 2017
  • It is expected that consumption per capita would increase supported by rapid growth in the industrial sector, and rising infra expenditure projects in railways, roads & highways, etc.
  • It is expected that consumption per capita would increase supported by rapid growth in the industrial sector, and rising infra expenditure projects in railways, roads & highways, etc.
Growth

Shares in Production: SAIL and Tata lead the way

  • As of FY16(1), SAIL was the leader in India’s steel sector with the company accounting for 13 per cent of country’s finished steel production and 15.8 per cent of country’s crude steel production.
  • Tata Steel, another household name in the country, leads private sector activity in the steel sector. During FY16(1), the firm accounted for 10.33 per cent of finished steel production and 11.03 per cent of the country’s crude steel production
Growth

 

Last Updated: January, 2017

India is the third-largest steel producer in the world. In 2015, India produced 91.46 million tonnes (MT) of finished steel. Total finished steel production in the country increased at a CAGR of 7.45 per cent over FY011–15.

Driven by rising infrastructure development and growing demand for automotives, steel consumption is expected to reach 104 MT by 2017. India’s steel production is expected to increase from 100 MTPA to 112.5 MTPA by FY16 and 300 MTPA by 2025. The Government of India has allowed 100 per cent foreign direct investment (FDI) in the steel sector under the automatic route. Nearly 301 MoUs have been signed with various states for planned capacity of about 486.7 MT.

A new scheme, ‘The scheme for the promotion of R&D in the iron and steel sector’, has been approved with budgetary provision of US$ 24.6 million to initiate and implement the provisions of the scheme as per the 11th Five-Year Plan which has continued in the 12th Five Year Plan. The development of technology for Cold-Rolled Grain Oriented (CRGO) steel sheets and other value-added products is also included under the policy purview and is allocated US$ 6.7 million.

Sectoral Presentation (January, 2017)

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