| Title: | India: Steel |
| Price: | $675.00 |
| Publication Date: | Apr 11, 2008 |
| Source: | ISI Analytics |
| Abstract: | According to International Iron and Steel Institute, the Indian steel industry was once ranked 9th largest producer of steel in the world in 2002 and have gone up 4 places to rank 5th in 2007. In 1991, the Indian government unanimously passed the new Industrial Policy with the aim to unshackle the steel industry. The government has relaxed the rules to allow foreigners to acquire up to 51% of any steel and iron companies in India. In 2007, India's total steel production is around 53 million tonnes, up 7.3% from 2006. India is the 2nd largest growing economy in the world. The automotive, consumer durables, auto components, infrastructure, construction and housing sectors are showing double digit growth which drives up steel demand. The total consumption of steel in India is expected to reach 70 million tonnes by 2011 even assuming a conservative growth rate of 10%. |
| Word Count: | 5998 |
| Length: | 21 Pages |
| Document ID: | IS1 |
| Industry: | Building Products |
| Country: | India |
| Format: | 
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