Noida, India (PressExposure) August 29, 2009 -- According to our new research report, âIndian Steel Industry Outlook to 2012â, strong domestic demand and increased infrastructure spending by the government has been driving the steel industry in the time of recession. Thus, despite slowdown, steel output surged 3.4% in the first quarter of fiscal 2009-10 in comparison of the first quarter of fiscal 2008-09 while the steel consumption was also up by 5.3%.
As per our research report, investments in Indiaâs infrastructure development are surging on account of the government initiatives. It is expected that victory of the congress led government in the recent general elections will spur the investment in roads, ports and bridges in the rural areas, which will lift the steel demand in villages and towns. Anticipating high growth potential in the rural steel demand, JSW Steel Ltd, Indiaâs third biggest producer, has raised it production by 60% in April 2009.
Further, as per our research report, Indiaâs urban population is rapidly increasing and is likely to grow to 360 Million by 2010 and to 533 Million by 2025. This rapidly growing urban population will create the huge demand for housing units. As housing sector is a major consumer of steel in the country, rising demand for housing units has led Indian government to lower the housing loan interest rates to ease out the financial burden on individuals and to support the housing industry. Ultimately, more houses are being constructed, which will further boost the steel demand in the country.
âIndian Steel Industry Outlook to 2012â provides comprehensive information alongwith rational analysis on the Indian steel industry. It covers past, present and future information on steel production, consumption, trade and its various segments. It also covers the various related sectors like automobile, railways, housing, aerospace, etc. The report thoroughly evaluates advantages/disadvantages for India to become an attractive destination for carrying out steel business.
The report investigates into the potential of the 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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