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Indian Steel Industry Essay

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2.1 INDUSTRY PROFILE
Steel is very essential in the improvement of any standard economy and have assumed to be the spine of human refinement. Annually, the use of steel is considered to be very valuable for our socioeconomic growth and to change living style of the country. Steel industry is prominent in the freedom of industrial sector and made very rapid increment. Indian steel is highly dedicated to iron-based along the blast furnace. Nearly 60% of the crude steel is dwelling with united steel producers.
AT present, India has earned a central defender on the global steel map to their huge steel mills besides they have great possession of global scale capacities by players, continuous standardization and high grade of old plants, developing …show more content…

However India has demanded by WSA to grow by 6.2% in 2015 and by 7.3% in 2016 to compare the use of global steel growth of 0.5% and 1.4% respectively.

Domestic scenario: At the time of 2007-08, Indian steel industry has started to build out newer stages to reach assertive economy and growing demand for steel. Consequently India has continued to be a successful producer and have reached third largest producer in crude steel besides sponge iron in 2015. The per capita steel consumption in India is rising day by day because there are many components to encourage for it this is reported by working group on steel for the 12th Five year plan. For this they made a glance of estimation towards infrastructure nearly a trillion dollars, to manufacture a growth from current 8% to 11%-12%.

Production: In 2014-15, total sale production of finished steel that is both alloy and non-alloy was 91.46 million tons over a growth of 4.3% in 2013-2014. Similarly sales production of pig iron during 2014-15 was 9.7 million tons over a growth of 22% in 2013-14.
Figure No.1. Totall sale productin of finished …show more content…

Both brands are durable and can easily replace and recycle. These products also have distinct advantages – the capacity of steel increased corrosion resistance and the elegant appeal of paint. The base metal is initially coated with primer on both, top and bottom surface to acquire higher adhesion with the paint system. The final paint coating provides security to tolerate harsh weather conditions besides other factors that affects to lead longer life, this superior coating system resists cracking and peeling during heavy forming

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