NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/08/17 - With increasing demand from construction sector and favorable government support, India stainless steel production will surge at a CAGR of 6% FY 2009 and FY 2013, says RNCOS in its latest research report.
According to our research report,“Indian Steel Industry Outlook to 2012”, Indian steel sector has been tremendously growing on the back of increasing government support and rising demand from various consumption sectors. The industry is consistently witnessing the increase in investment by various industry players to increase the production capacities. Moreover, we expect that with the rise in demand from various industrial sectors and favorable government support, the stainless steel production in the country will surge at a CAGR of around 6% during FY 2009 and FY 2013.
Our research revealed that the construction industry has one of the strongest economic linkages with other sectors like steel and cement of the economy and has a very strong multiplier effect. The domestic demand for steel by this sector is likely to pick up in the current fiscal year as part of increase in the governments’ efforts to boost investments in construction activities. Private investment in the construction sector is also expected to pick up stream this year owing to rising residential demand for housing units.
Further, the government’s 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 achieve its previous growth trajectory.
“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 detailed information of forces that have led to 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.
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
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.