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Steel Products Annual Review July 2009Published by: CRISIL Ltd. Published: Jul. 31, 2009 - 124 Pages Table of ContentsAbstractThe global steel industry has been hard hit by the global economic slowdown, with steel production registering negative growth of 1.1 per cent. As the deceleration led to slump in demand, international steel prices fell sharply, causing significant downward revision in the contract prices of raw material. After an estimated decline of 9-10 per cent in 2009, global steel demand is expected to witness improvement in growth from 2010 to 2014. Domestic demand is likely to be relatively resilient and recover faster, and is expected to witness growth of 8-9 per cent from 2009-10 to 2013-14. However, with expectations of continued weakness in global operating rates, steel prices in the international as well as domestic markets are likely to be subdued. Accordingly, the profitability of Indian steel players will remain under pressure. However, the profitability is expected to improve marginally over 2008-09, supported by significant fall in raw material pricesGet Full Details About This Report >> |
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