HEADLINES:  

India's steel production is estimated to be around 100 million tonnes (MT) in 2013 and the production is expected to reach 275 MT by 2020. The per capita steel consumption increased from 34 kilograms (kg) in 2004-05 to 59 kg in 2011-12.

The World Steel Association has estimated steel consumption in India to grow at five per cent in 2013. Steel producers may see a spurt in demand in the medium term if the Indian Government implements its US$ 1 trillion infrastructure investment plan. India's steel-making capacity is slated to cross 100 MT in 2013 which will require about 160-170 MT of iron ore.


The steel industry is expected to add 12.8 MT of capacity in the second half of 2012-13, with the major contributors identified as SAIL, RINL, Bhushan Steel and Jindal Steel.

Indian crude steel production is estimated to grow at a compound annual growth rate (CAGR) of around 10 per cent during 2010-2013, whereas the finished steel consumption is estimated to grow at a CAGR of around 12 per cent during FY 2012-14, as per a RNCOS research report.

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