NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/02/28 - With increasing private sector investments and positive growth in infrastructure, production of stainless steel will surge at a CAGR of 6% during 2008-09 - 2012-13, RNCOS acknowledged.
According to our research report “India Steel Industry Outlook to 2012”, steel industry in India has witnessed rapid progress during the past few years. Even in the tough times of economic slowdown, the industry succeeded to sustain its positive growth momentum on the strong fundamentals of domestic demand from construction, automobile, and infrastructure sectors. Moreover, with favorable government support, private sector investment and growing industrial base, production of stainless steel will grow at a CAGR of nearly 6% during 2008-09 - 2012-13.
The ongoing analysis found that the global economic slowdown hampered the growth curve of various steel intensive industries, such as construction in 2009 and its impact also fell on the steel demand. However, the government proactive incentive plans to boost economic growth by injecting funds in various industries, such as construction, infrastructure, automobile, and power will help the steel industry to again achieve its previous growth trajectory.
The report provides extensive research and rational analysis of the Indian steel industry, with focus on current outlook and future prospects. It facilitates quantitative and qualitative evaluation of steel production, consumption, segmentation, trade, industry wise steel demand, etc. The report also provides deep insight into the steel raw material industry, including coking coal, iron ore, pig iron, and limestone, to help clients gain complete market intelligence of the Indian steel industry.
“Indian Steel Industry Outlook to 2012” is an outcome of an extensive research and conceptual analysis of the steel industry in India. The report provides detail information of forces, which have led to the industry towards remarkable developments during the past few years. The report also gives an insight into the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing.
The report classifies the finished steel product market into two categories - Alloy and Non-alloy. It also covers information on industry-wise steel demand, overall steel consumption, production, and trading market. Besides, the report provides industry forecast (FY 2011-FY 2013) for different market segments.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.