Indian Steel Industry to Witness Rise in Consumption Share
Finished steel consumption in India is projected to grow at a CAGR of around 12% during FY 2012 - FY 2014, says RNCOS in its latest research report.
- (1888PressRelease) April 28, 2011 - According to our research report "Indian Steel Industry Outlook to 2012", finished steel consumption is continuously increasing in the country with rise in demand from the automobile, power, construction, and infrastructure sectors (including railways coaches, high capacity bus corridor, etc). Finished steel is also getting new applications due to its corrosion resistive property. Further, India has a low per capita consumption of steel compared to other countries, which provides enormous future growth potential in the country. Additionally, housing demand and developments is expected to account for more steel consumption in the country, growing at a CAGR of around 12% during FY 2012 - FY 2014.
Our report has found that, metal products are the largest consumer of stainless steel among different industries. Besides, infrastructure accounts for the maximum steel consumption among the industry segments. Moreover, demand from other industries, such as process, and engineering are expected to grow in the coming years on the back of various factors covered in our report.
The ongoing research analysis 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. A brief overview of the major players has also been included to facilitate a balanced research outlook.
Our report "Indian Steel Industry Outlook to 2012" is an outcome of extensive research and conceptual analysis of the Indian steel industry. The report provides detail information on forces, which have led the industry towards remarkable developments during the past few years. The report also provides an insight into the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing. In this way, the report presents a complete and coherent analysis of the Indian steel industry, which will prove decisive for the clients.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM182.htm
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About RNCOS:
RNCOS specializes 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.
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