The world of steel has changed significantly with the global economic meltdown. So unexpected was the downturn and so severe was the slide that the industry globally was left with one of the worst situations in the recent history. Most experts are still busy gauging the impact the global recession has left on the steel industry. The conditions the world was unprepared for have also altered the understanding on the dynamics of the steel industry worldwide among experts. Most of the projections of future growth have become redundant.
Although Indian economy and to a large extent the steel industry here, remained relatively insulated from the global turmoil, the impact could not be written off as minor. A fresh look was immediately required to examine and assess the same rationally, realistically and truthfully. It is clear, the ground reality in Indian steel has changed sharply and there is need to remain prepared for more important changes.
The economics of steel projects are different today because the market is not the same as it was a year ago. The investors are a lot more cautious now. There have been announcements one after another about possible delays in completion of their projects as also of abandonment in many cases. There will be more such cases. The question more important is to know how is the industry’s growth curve shaped now and how will that be affected by the upcoming developments in the years ahead? All that we know today is that the supply side of the market remains uncertain and requires in depth analysis.
Similarly, the industry is waiting to correctly understand which way the market is heading for each product specifically? The change in the economic dynamics globally and in India will importantly change the pattern of demand for steel products. New thoughts and clear forecasts are required.
Indian steel prospects needed a fresh evaluation in the hands of an expert. This is what Dr AS Firoz, Strategy Consultant in Steel and Natural Resources, has done in his latest reports. One of his reports entitled “Indian Steel Market : Emerging Reality : Following the Global Meltdown” covers, in the context of the issues raised above, an analysis of the conditions of the steel market in India today in the context of the global economic meltdown and the impact it has left on the Indian economy so far and assesses the growth potential of the Indian steel industry from both the supply and the demand sides of the market, going into details for each product and each major player, the price trends for steel products in the domestic market and the current situation related to external trade and the government policy environment. The study provides forecast of steel products demand annually till 2020 under four different scenarios.
The report is extensively chart based and the 138 pages of it contain 190 charts and tables, apart from, and most importantly rigorous analytical content with views of a globally renowned expert in the industry. It is reading must for all related to the business of the steel industry in India.
To see details of contents, please visit
http://www.steelguru.com/reports/detail/Indian_Steel_Market_%253A_Emerging_Reality_%253A_Following_the_Global_Meltdown.html
Report summary: Updated July 2009 Edition
Price: INR 95000 or USD 2000
No of Pages: 138
Format: PDF file
Delivery: By E mail
An inaugural discount of 20 per cent will be provided to bookings made by the 7th of August 2009. Also, those who had bought reports of the same author earlier through stelguru.com will be entitled to a discount of 20 per cent over and above the inaugural discount.
Ordering the report is simple. Pease send a mail to reports@steelguru.com for getting an invoice
Sunday, July 26, 2009
Indian Steel Market - Emerging Reality - Following the Global Meltdown
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