Page 68 - Steel Tech India eMagazine Volume October 2020
P. 68
81. Ŗ 01 Ŗ 1EVQDGT
Market
Economy & Steel Market Scenario
INDIAN ECONOMY RTQDNGO KP VJG TGIKQP 6JG KP ƀWZ QH RTQRQUGF KPXGUVOGPV
HTQO %JKPC QH WR VQ /V QH RTQFWEVKQP ECRCEKV[ KP
6JG 9QTNF $CPM 9$ JCU RTGFKEVGF C EQPVTCEVKQP
HQT VJG GEQPQO[ KP VJG EWTTGPV ſUECN CU VJGTGŏU UGXGTCN #5'#0 EQWPVTKGU CU YGNN CU KPXGUVOGPV HTQO
őUWDUVCPVKCN WPEGTVCKPV[Œ KP VJG EQWTUG CPF FWTCVKQP QH QVJGT EQWPVTKGU KP VJG HQTO QH LQKPV XGPVWTGU YKVJ NQECN
VJG RCPFGOKE VJG URGGF QH CFLWUVOGPV VQ VJG WPNQEM EQORCPKGU YKNN CFF WR C VQVCN QH /V QH RTQFWEVKQP
FQYP CPF őPGY TQWPF QH EQWPVGTE[ENKECN ſUECN RQNKE[Œ ECRCEKV[ GUVKOCVGF 6QVCN QXGTECRCEKV[ QXGTJCPI YKNN
(QT (; KV RTQLGEVU C ITQYVJ QH DG OQTG VJCP /V %QORCTKPI VQ VJG UVGGN FGOCPF
ITQYVJ QH CP CXGTCIG RGT [GCT YKVJKP VJG TGIKQP
6JG PGY ſIWTG KU C UJCTR KPETGCUG KP )&2 EQPVTCEVKQP KV YKNN VCMG CDQWV [GCTU HQT FGOCPF VQ ECVEJ WR YKVJ
HTQO VJG KV JCF ECNEWNCVGF KP ,WPG 9$ UCKF VJCV this capacity level.
őFKUTWRVKQPU VQ LQDU FWG VQ %QXKF Œ YKNN RQUUKDN[ UGG
VJG RQXGTV[ TCVG KP ECNGPFCT [GCT TKUKPI VQ VJG Will China become the New Market for the Global
NGXGNU ō KP GHHGEV WPFQKPI HQWT [GCTU QH RQXGTV[ Steel Industry?
CNNGXKCVKQP 6JCV EQWNF OGCP CP KPETGCUG KP LQDNGUUPGUU +P VJG ſTUV GKIJV OQPVJU QH %JKPC DQWIJV
/V QH UVGGN HTQO CDTQCF WR QP [GCT QT CNOQUV
+PFKCŏU KPFWUVTKCN QWVRWV EQPVTCEVGF D[ ;Q; KP
,WN[ XU ;Q; EQPVTCEVKQP KP ,WPG +P VQWEJKPI VJG NGXGN HQT VJG YJQNG YKVJ VJG #5'#0
VJG ſTUV HQWT OQPVJU QH (; +PFKCŏU HCEVQT[ QWVRWV EQWPVTKGU Ō EQORTKUKPI 8KGVPCO 6JCKNCPF /CNC[UKC
UJTCPM ;Q; EQORCTGF YKVJ ;Q; ITQYVJ KP +PFQPGUKC 2JKNKRRKPGU CPF 5KPICRQTG Ō DGKPI COQPI
VJG [GCT CIQ RGTKQF VJG DGPGſEKCTKGU
1XGT ,CPWCT[ /C[ VJG #5'#0 EQWPVTKGU GZRQTVGF
+PFKCŏU HQTGZ TGUGTXGU KPETGCUGF D[ 75& OP VQ
75& DP HQT VJG YGGM GPFGF 5GRVGODGT /V QH UVGGN INQDCNN[ WR QP [GCT YKVJ VJG DWNM
HTQO 75& DP HQT VJG YGGM GPFGF #WIWUV DGKPI NQPI CPF UGOK ſPKUJGF RTQFWEVU 9KVJKP VJG VQVCN
%JKPCŏU KORQTVU VQQM OCKPN[ UGOK ſPKUJGF DCTU
and wire rods.
#EEQTFKPI VQ VJG /KPKUVT[ QH #ITKEWNVWTG CPF (CTOGTU
9GNHCTG VJG MJCTKH ETQRU KP VJG ETQR [GCT JCXG Source: SEAISI, September 2020
DGGP UQYP KP OP JGEVCTGU WPVKN 5GRVGODGT INDIAN STEEL SCENARIO
YJKEJ KU OP JGEVCTG QT ` JKIJGT CU SigniÀcant Rise in Export of Steel from India
EQORCTGF VQ VJG UCOG RGTKQF NCUV [GCT
+PFKCP UVGGN GZRQTVU JCXG DGGP QP CP WRUYKPI UKPEG
+PFKCŏU GZRQTVU EQPVTCEVGF D[ ;Q; VQ 75& #RTKN YJGP VJG EQWPVT[ YCU KP VJG ſTO ITKR QH
DP KP #WIWUV CPF KORQTVU D[ ;Q; VQ VJG NQEMFQYP QP CEEQWPV QH VJG RCPFGOKE CPF FQOGUVKE
75& DP NGCXKPI C VTCFG FGſEKV QH 75& DP FGOCPF FYKPFNGF CNVJQWIJ VJG GZRQTV RTKEGU YGTG PQV
EQORCTGF VQ C UJQTVHCNN QH 75& DP KP VJG UCOG VJCV NWETCVKXG (TQO /V KP #RTKN XQNWOGU URKTCNNGF
OQPVJ NCUV [GCT VQ /V KP /C[ FTQRRGF QHH C VCF VQ /V KP ,WPG
ASEAN’s Steel Industry : Overcapacity a concern QPN[ VQ TKUG VQ C TGEQTF /V KP ,WN[ 6JG VTGPF OC[
for the Steel Industry in the Region EJCPIG CU UVGGN OKNNU KPVGTGUVKPIN[ CTG PQY FGNC[KPI
#5'#0ŏU UVGGN KPFWUVT[ KU HCEKPI PGY RTQFWEVKQP VJGKT UJKROGPVU CU FQOGUVKE FGOCPF JCU KORTQXGF
ECRCEKVKGU YJKEJ OC[ YQTUGP VJG EWTTGPV QXGTECRCEKV[ CPF RTKEGU CTG HCT OQTG CVVTCEVKXG KP VJG FQOGUVKE
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