Stainless Steel Demand to Witness Astounding Growth in India

The construction and transportation industries in India will trigger stainless steel demand to grow at a CAGR of around 8.1% during FY 2011–FY 2013, says RNCOS.

Online PR News – 14-September-2010 – – According to our research report “Indian Steel Industry Outlook to 2012”, the Indian steel sector stood strong against the global economic slowdown and posted positive growth in FY 2010. Rising demand for steel from government backed infrastructure construction projects (including railways coaches, high capacity bus corridor, etc) kept the industry momentum going. Additionally, a boost in demand is experienced from the Commonwealth Games infrastructure construction projects. The report has further revealed that various upcoming transportation and infrastructure projects will further drive stainless steel demand to grow at a CAGR of around 8.1% between FY 2011-FY 2013.

The research has inferred that the construction and transportation industries will represent a significant market share in the stainless steel consumption pie by the end of eleventh five year plan. Economic slowdown in the global and domestic credit or financing market will impact drastically 100% owned private sectors’ stainless steel usage in coming years. But as most of the transport and construction industries are funded by the Indian government, these two sectors will have bigger market shares.

In view of rejuvenated economy and fast increasing stainless steel demand, various companies such as SAIL, TATA steel, etc have started formulating plans for increasing production capacities. Moreover, the promising future of the sector will witness many new international giants coming into the Indian arena. The industry developments will boost competition and may result into considerable shift in pricing mechanism.

“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 which have led to the industry towards remarkable developments in 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 the information on industry-wise steel demand, overall steel consumption, production and trading market. Apart from this, it provides industry forecast (FY 2011-FY 2013) for different market segments.

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RNCOS 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.