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Noida, Uttar Pradesh, India, 2011/07/14 - Rising demand from the manufacturing sector and broadening of industrial base, apparent steel demand in the country will surge at a CAGR of 7% during FY 2012-2014.
According to our research report,“Indian Steel Industry Outlook to 2012”, Indian manufacturing sector witnessed a rapid growth during the past few years. The sector has emerged as one of the major consumer of steel in the recent past. Industrial equipments or capital goods, packaging, and consumer durables are some of the key sub sectors under this segment. Moreover, rising demand from end consumers and broadening industrial base will also boost the steel demand in this sector. We expect that the steel consumption in the country will surge at a CAGR of around 7% during FY 2012-2014.
The ongoing research found that manufacturing of industrial equipments remains the largest consumer of steel in overall consumption by manufacturing sector. The sector still needs to cover a long distance to attain maturity level. The recent slowdown in industrial growth and tight credit market has retarded its growth to an extent. However, government’s 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 regain its earlier growth trajectory.
The report provides extensive research and rational analysis of the Indian steel industry, with special 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 insight on the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing.
RNCOS (rncos.com) mspecializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a 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.