Steel:
| Steel is the most common metal alloy in the world.
In its simplest form, it consists of iron and varying amounts of carbon.
Iron is the major component of steel, with carbon being a distant
second, at between 0.2% and 2.14%, depending on the grade. Steel are used widely in the construction of roads, railways, other infrastructure, appliances, and buildings. Most large modern structures, such as stadiums and skyscrapers, bridges, and airports, are supported by a steel skeleton. In the year 2009-10, production of steel in the country is going to be more than 60 million tonnes, up from 56 million tonnes last year. India’s steel consumption for the period April-January 2009-10 provisionally rose to 45.93 Million Tonnes an increase of 7.9% over the same period a year ago (April-January 2008-09) when the steel consumption stood at 42.59 Million Tonnes. The tremendous increase in steel consumption is accredited to the government focus on infrastructure development like highways, bridges, ports, etc, which have increased steel demand in the country. Besides, the power plants set up across the country have fueled steel demand in the power sector. |
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| Table: Total finished steel (alloy + non-alloy) ('000 tonne) | ||||||||||||||||||||||||||||||||||||
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Source: JPC; *=Provisional |
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| Indian steel industry has been classified into Main
Producers (SAIL plants, Tata Steel and Vizag Steel/ RINL), Major Producers
(plants with crude steel making capacity above 0.5 million tonne -
Essar Steel, JSW Steel, Jindal Steel & Power and Ispat Industries)
and Other Producers. Global crude steel production was 1220 million tonne in 2009, a decline of 8 per cent over 2008. India emerged as the fifth largest producer in 2009 and recorded a growth of 2.7 per cent as compared to 2008, the only other country in the top 10 bracket to register a positive growth during 2009. China was the largest crude steel producer in the world with production reaching 567.8 million tonne, a growth of 13.5 per cent over 2008. |
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Source: World Steel Association; *=Provisional |
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Price Influencing Factors
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