Steel Industry

Topics: Steel, Pig iron, Iron Pages: 60 (19288 words) Published: January 5, 2011
Analysis of Indian Steel Industry

Submitted by: Purvi Tibrewalla Roll 146, Sec B.

Submitted to: Ms. Paramita Sarkar

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DECLARATION
I hereby declare that the work presented in this Project entitled “Analysis of Indian Steel Industry” submitted to Ms. Paramita Sarkar full-time faculty at Smt. J.D.Birla Institute (Department of Management), Kolkata is an authentic record of my original work. The total word count of this paper is 18113 words.

Purvi Tiberewalla

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ACKNOWLEDGEMENT

“A student is always incomplete without the guidance of his teachers.” The successful completion of a task is incomplete without mentioning the name of the person who extended his help and support in making it a success. Firstly, I would like to thank our college director, Dr. Suman K. Mukherjee, because if it hadn’t been his vision to allot us the task of preparing a paper, I wouldn’t have ever got so much knowledge about this subject. I am greatly indebted to Ms. Paramita Sarkar (Full-time faculty at Smt. J.D.Birla Institute), my Project Guide and Mentor for devoting her valuable time and efforts towards my project. I thank her for being a constant source of knowledge, inspiration and help during this period of making project. Finally, I would also like to thank our faculty in-charge of Learning and Research Centre (LRC).It was indeed very kind of them to provide me with the necessary books and journals on time so as not to delay the completion of my paper.

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ABSTRACT
Steel is a uniquely versatile material. It is involved in virtually every phase of our lives from housing, food supply and transport to energy delivery, machinery and healthcare. In fact, it is so versatile that pretty well everything people use every day is either made from steel or is provided by steel. Steel has facilitated our quality of life, underpinned humankind‘s development and even helped us to understand our planet and the eco-systems it supports. Without being aware of it, society now depends on steel. Humankind‘s future success in meeting challenges such as climate change, poverty, population growth, water distribution and energy limited by a lower carbon world depends on applications of steel.

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Table of contents
DECLARATION.......................................................................................................... 2 ACKNOWLEDGEMENT ........................................................................................... 3 ABSTRACT .................................................................................................................. 4

1. Introduction ...................................................................................................... 8 Field of Management: .................................................................................................. 8 Scope and Objective: ................................................................................................... 8

2. Literature Review............................................................................................ 10 I.1. Steel ......................................................................................................................... 11 I.2. History & Evolution of the Industry ................................................................... 13 II. The Global Steel Industry ...................................................................................... 15 II.1. Growth of the industry ........................................................................................ 15 II.2. Economic trends ................................................................................................... 16 II.3. Industry size and geographic distribution ......................................................... 17 II.4. Consolidation as a strategy in the global steel industry ................................... 18 III. Indian Steel Industry...

Bibliography: 1 Government of India, Ministry of Steel, Annual Report 2008-09, Annexure – III, page – 186. 2 Government of India, Ministry of Steel, Annual Report 2008-09, page – 15. 3 Government of India, Ministry of Steel, Annual Report 2008-09, page – 15. 4 World Steel Association, World Steel in figures 2009, Page 17. 5 http://en.wikipedia.org/wiki/Steel 6 http://www.history-of-china.com/han-dynasty/western-han.htm 7 http://www.google.co.in/archivesearch?ndsp=20&hl=en&rlz=1W1GFRE_en&q=henry+be ssemer+steel&revid=710916567&resnum=0&um=1&ie=UTF 8&scoring=t&ei=adXvSu23E4XOsQOjoO3vBQ&sa=X&oi=timeline_result&ct=title&resn um=11&ved=0CCUQ5wIwCg 8 http://www.voestalpine.com/ag/en/group/overview/history.html 9 Reynolds, S, 2006, ‗A New Era of Global steel: the end of state control and protectionism‘, International consulting economists association. www.icea.co.uk/archive/icea_globsteel_nopics_sdr.ppt accessed on 15th June 2007 10 World Steel Association, World Steel in figures 2009, Page 9. 11 World Steel Association, World Steel in figures 2009, Page 8. 12 Corus, Annual Report, 2006-07, http://www.corusgroup.com/file_source/StaticFiles/Functions/Financial/2006_Annual Report.pdf accessed on 25th July, 2007. 13 Government of India, Joint Plant Committee Report 2007. 14 Government of India, Ministry of steel, Annul Report 2007-08, Page 26.
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15 Information, related to definition and categories of steel, used in this part of the section is based on the ―Glossary of Terms & Definitions commonly used in Iron & Steel Industry‖ by Ministry of Steel, Government of India. (http://steel.nic.in/Glossary-I.pdf). 16 http://www.steelonthenet.com/commodity_prices.html 17 Government of India, Ministry of Steel, Annual Report 2007-08, Page 16. 18 Government of India, Ministry of Steel, Annual Report 2007-08, Page 12. 19 Government of India, Ministry of Steel, Annual Report 2008-09, Page 194. 20 Government of India, Ministry of Steel, Annual Report 2008-09, Page 193. 21 World Steel Association, World Steel in figures 2009, Page 25. 22 http://www.sail.co.in/aboutus.php?tag=company-background. 23 http://www.vizagsteel.com/index.asp. 24 http://www.mstcindia.co.in/MSTC_Static_Pages/frontpage/about.htm 25 http://fsnl.nic.in/ 26 http://www.hscl.co.in/about.php 27 http://www.meconlimited.co.in/ 28 http://www.tatasteel.com/Company/profile.asp 29 http://www.essar.com/steel.htm 30 http://www.essar.com/steel/downloads/EssarSteel_ServiceCentre_Brochure.pdf 31 http://www.jsw.in/companies/company_JSWSteel.shtml 32 http://www.jindalsteelpower.com/about-us/corporate-profile.aspx 33 http://www.ispatind.com/ispat_today.htm 34 http://www.fedmin.com/html/updates.html 35 http://en.wikipedia.org/wiki/Standard_deviation 36 World Steel Association, World Steel in figures 2009, Page 7.
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37 Government of India, Ministry of Steel, Annual Report 2007-08.
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