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The Indian steel sector has key advantages of domestic



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India is currently the 5th largest steel producing nation in the world with production of over 53 million tonne (MT). The Indian steel sector has key advantages of domesti. more

India is currently the 5th largest steel producing nation in the world cheap canada goose with production of over 53 million tonne (MT). The Indian steel sector has key advantages of domestic availability of raw material and cheap labor. However, Indian steel companies have to bear additional cost pertaining to capital equipment, power and inefficiencies (low per employee productivity). The basic import duty on steel has been consistently brought down and cheap canada goose bomber is nil currently while the government canada goose black friday deals uk has cheap canada goose coat levied export duty on steel products. Steel is most common material and is used in infrastructure, housing, automobiles consumer canada goose offers uk durables. The major products are semi finished product, ordinary steel products likes tube, pipes canada goose black friday sale uk etc, hot rolled coils (HRC), cold rolled coils (CRC) specialty steel products like stainless steel pipes foils etc. The major steel producing countries are China, Japan, US, Russia, India, South Korea while major steel consuming countries are China, US, Japan, South Korea, India, Russia. SWOT Analysis: Strength: Availability of iron ore and coke, Low wage labour; Weakness: High cost of capital, Cyclical in nature, Low productivity, Inadequate infrastructure; Opportunity: Govt. Subsidy given to auto Industry, Infrastructure demand; Reduction in price of key raw materials and fuel; Threat: Steel prices coming down; Threat of substitute canada goose outlet (Aluminum); Dumping from China; Slowdown of canada goose outlet us economy. hide

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