The Indian steel sector has key advantages of domestic

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India is currently the 5th largest steel producing nation in the world with production of over 53 million canada goose outlet sale tonne (MT). The Indian steel sector has key advantages of domesti. more

India is currently the 5th largest steel producing nation in the world with canada goose outlet black friday uk canada goose outlet production of over 53 million tonne (MT). The Indian steel sector has key advantages of domestic availability of raw material and canada goose coats cheap labor. However, Indian steel companies have to bear additional cost pertaining to capital equipment, power and inefficiencies (low per employee productivity). The basic import duty goose outlet canada on steel has been consistently brought down and is nil currently while Canada Goose Coats On Sale the government has levied export duty on steel products. Steel is most common material and is used in infrastructure, housing, automobiles consumer durables. The major products are semi finished product, canada goose outlet reviews ordinary steel products cheap canada goose likes tube, pipes etc, hot rolled coils (HRC), cold rolled coils (CRC) specialty steel products like stainless steel pipes foils etc. The major steel producing countries are China, Japan, US, Russia, India, South Korea while major steel consuming countries are China, US, Japan, South Korea, India, Russia. SWOT Analysis: Strength: Availability of canada goose outlet toronto factory iron ore and coke, Low wage labour; canada goose jacket outlet Weakness: High cost of capital, Cyclical in nature, Low productivity, Inadequate infrastructure; Opportunity: Govt. Subsidy given to auto Industry, Infrastructure demand; Reduction in price of key raw materials and fuel; Threat: Steel prices coming down; Threat of substitute canada goose outlet nyc (Aluminum); Dumping from China; Slowdown of economy. hide

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