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Indian Steel Industry 2016-2020

Indian Steel Industry 2016-2020

About Steel Industry

Steel is composed of iron, carbon, metal impurities, and alloying elements that determine its chemical and physical properties. Based on its properties, steel is classified into carbon steel, alloy steel, and stainless steel. It has numerous advantages such as strength, durability, corrosion resistance, hardening ability, formability, welding ability, and ductility.

Technavio’s analysts forecast the Indian steel industry to grow at a CAGR of 6.99% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Indian steel industry for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Indian steel industry.

Technavio's report, Indian Steel Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • SAIL
  • JSW Steel
  • Tata Steel
  • Essar Steel
  • RINL
Other prominent vendors
  • Bhushan Steel
  • Facor Steels
  • Gerdau
  • Jindal Steel & Power
  • Mahamaya Steel Industries
  • MESCO Steel
  • VISA Steel
Market driver
  • Increase in residential projects.
  • For a full, detailed list, view our report
Market challenge
  • Increase in construction costs.
  • For a full, detailed list, view our report
Market trend
  • Steel as a sustainable material.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Indian Steel Industry 2016-2020

Technavio recognizes the following companies as the key players in the Indian steel industry: Essar Steel, JSW Steel, RINL, SAIL, and Tata Steel.

Other prominent vendors in the market are: Bhushan Steel, Facor Steels, Gerdau Steel India, Jindal Steel & Power, Mahamaya Steels Industries, MESCO Steel, and VISA Steel.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is rise of renewable energy industry. The rise of the renewable energy industry will require steel in order to develop infrastructure. The demand for energy by every industry has been on the rise in recent years. However, the natural resources consumed to produce this energy are fast depleting, driving manufacturers to tap energy through renewable resources. Therefore, steel plays an important role in developing infrastructure for the generation of electricity from renewable energy such as solar, tidal, and wind energy. The use of steel in developing the infrastructure will enable stronger, taller, and lighter-weight tower for wind turbines increasing their productivity as well as reducing carbon emissions associated with their construction. The global wind energy industry is anticipated to grow at a CAGR of 15%-17%. The global solar energy market is anticipated to grow at a CAGR of 13%-15%. All the above applications will lead to higher demand for steel in the near future.”

According to the report, one of the primary drivers in the market is growth in automotive industry. The automotive industry has been the primary end-user of steel and is driving steel demand for many years. The automotive industry accounted for 16% share of the Indian steel industry in 2015 is poised to increase at a high rate during the forecast period. This will lead to a constant increase in the demand for steel over the next few years, thereby fueling the market growth.

Further, the report states that one major challenge in the market is excess production capacity. One of the major challenges in the steel market is excessive production capacity for steel manufacturers. With steel supply overtaking demand, the capacity utilization ratio has been 78%. This has led to reduced profit margins for steel producers. Over the past decade, the steel industry has been investing in capacity expansion at a rapid pace because of reasons such as the availability of relatively cheap capital for new investment, low production costs, and an open international market. This acts as a major hurdle for the growth of the market.



Companies Mentioned

Essar Steel, JSW Steel, RINL, SAIL, Tata Steel, Bhushan Steel, Facor Steels, Gerdau Steel India, Jindal Steel & Power, Mahamaya Steels Industries, MESCO Steel, VISA Steel.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Indian steel industry
      • Table Indian steel industry by product forms
      • Table Indian steel industry by end-user
      • Table Indian steel industry by steel type
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Steel industry overview
      • Table Top 10 crude steel producers 2014 (million metric tons)
      • Table Top 10 exporters 2014 (million metric tons)
      • Table Top 10 importers 2014 (million metric tons)
    • Indian steel industry overview
    • Safety, health, and environment
    • Sustainability
    • Steel industry value chain
      • Table Steel industry value chain
  • Global iron ore market
    • Table Global iron ore market 2015-2020 (billion metric tons)
    • Table Major iron ore-producing countries 2013-2015 (million metric tons)
    • Table World reserves of iron ore by country 2015 (million metric tons)
  • Global steel scrap market
    • Table Global steel scrap market 2015-2020 (million metric tons)
    • Table Global exports 2013-2015 (million metric tons)
    • Table Top five countries by steel scrap exports 2013-2015 (million metric tons)
    • Table Global imports 2013-2015 (million metric tons)
    • Table Top five countries by steel scrap imports 2013-2015 (million metric tons)
  • Global steel industry
    • Table Global steel industry by production volume 2015-2020 (billion metric tons)
    • Table Global steel industry by consumption volume 2015-2020 (billion metric tons)
  • Market landscape
    • Economic scenario in India
    • Indian steel industry
      • Table Indian steel industry by production volume 2015-2020 (million metric tons)
      • Table Indian finished steel market 2015
      • Table Indian exports 2011-2015 (million metric tons)
      • Table Indian imports 2011-2015 (million metric tons)
    • Indian steel industry dynamics
      • Table Dynamics of Indian steel industry: Drivers
      • Table Dynamics of Indian steel industry: Challenges
    • SWOT analysis
      • Table SWOT analysis 2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product forms
    • Overview
      • Table Market segmentation by product forms 2015
      • Table Market segmentation by product forms 2020
      • Table CAGR (%), market share (%), and market volume (million metric tons) 2015
    • Indian long steel market
      • Table Indian long steel market by production volume 2015-2020 (million metric tons)
      • Table Long steel production in India 2015
      • Table Rods and bars steel production in India 2015
      • Table Indian steel rebars market share 2015
    • Indian flat steel market
      • Table Indian flat steel market by production volume 2015-2020 (million metric tons)
      • Table Flat steel production in India 2015
  • Market segmentation by end-user
    • Overview
      • Table Market segmentation by end-user 2015
      • Table Market segmentation by end-user 2020
      • Table CAGR (%), market share (%), and market volume (million metric tons) 2015
    • Indian steel industry in construction sector
      • Table Indian steel industry in construction sector 2015-2020 (million metric tons)
    • Indian steel industry in infrastructure and transport sector
      • Table Indian steel industry in infrastructure and transport sector 2015-2020 (million metric tons)
    • Indian steel industry in automotive sector
      • Table Indian steel industry in automotive sector 2015-2020 (million metric tons)
    • Indian steel industry in other end-use sectors
      • Table Indian steel industry in other end-user sectors 2015-2020 (million metric tons)
  • Market segmentation by steel type
    • Overview
      • Table Society of Automotive Engineers (SAE) designation and type
  • Market drivers
    • Rapid urbanization in India
      • Table Extent of urbanization in different countries
    • Increase in residential projects
    • Growth in automotive industry
      • Table Automotive production in India 2011-2015 (millions of units)
      • Table Vehicle per 1,000 individuals in different countries
    • Increase in infrastructure investments
      • Table Anticipated infrastructure spending in emerging economies by 2017 ($ trillions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Excess production capacity
      • Table Top 10 countries by crude steel production capacity 2014 (million metric tons)
    • Increase in construction costs
    • Volatile raw material prices
      • Table Projected average freight on board steel prices of different regions 2015-2019 ($ per metric ton)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rise of renewable energy industry
    • Tapping into high-growth sectors
      • Table Growth rates of steel end-users 2014
    • Steel as a sustainable material
  • Vendor landscape
    • Competitive scenario
      • Table Vendor ranking based on production capacity
    • Competitive advantage
      • Table Anticipated competitive advantage during forecast period
    • Value chain analysis
      • Table Value chain of Indian steel industry
    • Key market vendors
      • Table Key market vendors 2015
    • Other prominent vendors
    • Essar Steel
      • Table Domestic sales in India by region 2014 and 2015
      • Table Exports sales by geography 2015 (% revenue)
      • Table Essar Steel: Performance overview
    • JSW Steel
      • Table JSW Steel: Product segmentation 2015 (% revenue)
      • Table JSW Steel: Product segmentation by volume 2015 (million metric tons)
      • Table JSW Steel: Performance overview
    • RINL
      • Table RINL: Product segmentation by volume 2015 (million metric tons)
      • Table RINL: Product segmentation by revenue 2015 ($ millions)
      • Table RINL: Performance overview
    • SAIL
      • Table SAIL: Finished product segmentation by revenue 2015
      • Table SAIL: Segmentation of product type by volume 2015 (million metric tons)
      • Table SAIL: Performance overview
    • Tata Steel
      • Table Tata Steel: Business segmentation by revenue 2015
      • Table Tata Steel: Geographical segmentation by revenue 2015
      • Table Tata Steel: Performance overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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