After almost a decade of indifferent growth, the recovery of the global economy and that of the steel industry in 2017 points to a positive outlook for India’s steel sector. Economic growth is contingent upon the growth of the steel industry as it is used in most of the economic activities; in car...
The Indian government is focusing on the steel sector. Bolstering infrastructure and industries will augur well for the sector. However, the steel industry is being impeded by scarcity of good quality coking coal- a key ingredient in steel making. Indian coking coal demand to rise for steel in...
The Indian steel industry had suffered in the past from the structural ailment of fragmentation. Consolidation efforts were offset by growth in secondary steel units with low capacities, leaving the steel industry highly fragmented. This resulted in structurally imbalanced industry dynamics where ca...
The Indian government has defined an ancillary industry as, “An unit, having capital investment not exceeding Rs. 1 crore, which produce parts, components, sub-assemblies and tooling for supply against known or anticipated demand of one or more large units manufacturing and assembling complete pro...
India has achieved the position of second biggest steel producer of the world. But it has to substantially increase its production level. This is because India has not reached the level of development at the desired level. In an interview with BE’s Kishore Kumar Biswas, Dr. Debashish Bhattacharjee...
Driven by the domestic availability of raw materials such as iron ore and cheap labour, the Indian steel industry has been witnessing dynamic growth in recent times. It is increasingly gaining its place in the global steel market.Import and ExportAccording to the report of International Trade Admini...
Dear Readers,Steel Industry: India is now the world’s second largest steel producer after China. It was the third largest steel producer in 2017. Steel production was 101.4 million tonnes in 2017 compared to 95.5 million tonnes in 2016. The Government aims to increase the production to 300 million...