Surging Alloy Steel Demand in India

Alloy products are likely to witness rise in consumption at a CAGR of around 20% during 2011-12 and 2013-14, says RNCOS.
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Noida, India ( May 31, 2012 - India's strong economic growth has intensified infrastructure investment requirements. Increased urbanization has also raised the number of towns and cities and this trend is likely to be sustained in future. In fact, India's urban settlements would constitute half of the total population by 2051, projecting a bright growth for the housing industry. Therefore, non-alloy steel (heavily used in construction, railways, and power projects) is likely to witness a huge rise in its demand in the coming years.

Compared to the non-alloy steel products, alloy steel products marked a faster growth rate during FY (2008-09). With the recovery of Indian economy, alloy steel products will witness extensive usage in automobile and transportation industries. Alloy steel products will also be extensively used for urbanization, modernization of malls, and urban infrastructure development. Besides, according to our research, it is expected that alloy products is likely to witness rise in consumption at a CAGR of around 20% during 2011-12 and 2013-14.

Further, a new research report by RNCOS titled, "Indian Steel Industry Outlook to 2012", says that, with the government's proactive incentive plans to boost economic growth by injecting funds in various industries, such as construction, infrastructure, automobile, and power will drive the steel industry in future. The report also reveals that, steel consumption in India is expected to grow significantly in the coming years as per capita finished steel consumption is far less than its regional counterparts.

The report is an outcome of an extensive research and conceptual analysis of the Indian steel industry. It entails detailed information on steel industry in India. It also presents an insight into the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing. The report classifies the finished steel product market into two categories - Alloy and Non-alloy. Further, it also covers information on industry-wise steel demand, overall steel consumption, production, and trading market. Based on the growth patterns and trends, it provides industry forecast for different market segments also. Overall, the report covers information about all the segments under steel in India.

For FREE SAMPLE of this report visit:

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.


Tag Words: india steel industry
Categories: Research

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