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Steel Demand Poised to Grow in the Indian Automobile Sector Finds RNCOS - With increase in investments and rise in domestic demand, steel demand from the automobile sector will surge at a CAGR of around 13% during FY2008 – FY 2013, says RNCOS - RNCOS.com
Steel Demand Poised to Grow in the Indian Automobile Sector Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2011/05/26 - With increase in investments and rise in domestic demand, steel demand from the automobile sector will surge at a CAGR of around 13% during FY2008 – FY 2013, says RNCOS - RNCOS.com.

   
 
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According to our research report “Indian Steel Industry Outlook to 2012”, Indian automobile industry has one of the strongest economic linkages with other sectors, like steel and has a very strong multiplier effect. The domestic demand for steel by this sector is likely to pick up in the coming years as a part of the governments’ efforts to boost investments. Moreover, increase in private investments owning to a rise in demand will further propel the demand for steel by this sector. It is estimated that, the steel demand by this sector will surge at a CAGR of 13% during FY 2008 – FY 2013.

Additionally, most of the industries still need to cover a long distance to attain maturity level. Thus, steel consumption rate in the domestic market is poised to grow. However, recent slowdown in industrial growth and tight credit market has retarded its growth. Further, the government proactive incentive plans to boost economic growth by injecting funds in various industries, such as construction, infrastructure, 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 the 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 the industry towards remarkable developments during the past few years. The report also presents an insight into the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing.

Report/IM182

About RNCOS
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.

 
 
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Steel Demand Poised to Grow in the Indian Automobile Sector Finds RNCOS

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