Reproduced from Steel Industry in India - 2013_IORR: “Industry Outlook Reference Report” from Indian Management Consultants_Corpotrade Global ref below:
INDIAN STEEL INDUSTRY VS. GLOBAL STEEL INDUSTRY
Global crude steel production reached 1527 MT in 2011 showing a 6.8 %
growth over 2010. India has emerged as a leading player in global steel
industry contributing to about 4.7 % of global crude steel production in 2011.
Large scale infrastructure expansion plans for twelfth five year plan (FYP:
2012-17) and raising per capita steel consumption in India promises
unprecedented growth potential of Indian steel Industry during next 10 years.
World crude steel production: 2007-11, country-wise contribution (%)
to world crude steel production in 2011
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India ranked as the third largest contributor (5.65%) to global GDP in 2011 in
terms of PPP ranking, only behind US and China. India’s economic growth has
slacked during past three years due to worldwide economic slowdown however
during next five years it’s GDP is expected to grow in 6-8 % range. The sectors
with high growth potential like manufacturing and construction sectors which
account for about one fourth(FY 12) of India’s GDP will be the key growth
drivers for the Indian Steel Industry
Steel Industry in India - 2013_IORR: “Industry Outlook Reference Report” from Indian Management Consultants_Corpotrade Global
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