Delhi, India (PressExposure) March 10, 2009 -- According to our new research report, âIndian Steel Industry Outlook to 2012â, although metal products segment was the highest stainless steel consuming industry at the end of 2007-08, construction and transportation industries witnessed robust growth in the steel consumption in the same fiscal year. Railways, automotive & transport, airports, municipal/urban local bodies (ULBs), shopping malls, new hospitals, hotels and housing created strong demand for steel in 2007-08.
However, the global recession has significantly impacted the stainless steel consumption pattern as private investments have chocked in various sectors, raising an alarm for slow growth in stainless steel consumption. Moreover, the slowdown in the global and domestic financial market is expected to affect the consumption of stainless steel in the private sector in coming years.
Amidst declining stainless steel consumption on account of global recession, Indian steel manufacturers are focusing on transportation and construction projects to get their businesses rolling as these projects are financed or carried out through government funds. Moreover, it is believed that the government will take these projects very seriously as they create huge employment opportunities.
In addition, the government investments in the eleventh five year plan would enable the Indian steel industry to sustain growth until the recession period is over.
âIndian Steel Industry Outlook to 2012â provides comprehensive information along with rational analysis on the Indian steel industry. It also gives past, present and future data on the structure, composition and working of Indian steel industry. The report thoroughly evaluates advantages/disadvantages India has to become an attractive destination for carrying out steel business.
The report investigate into the potential of Indian steel industry by focusing on the growth prospects of steel consuming industry in terms of fresh investments. The research provides forecast on various industry segments to enable clients identify un-tapped critical opportunities available in the industry.
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