development of steel industry through different phases of
TRANSCRIPT
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DEVELOPMENT OF STEELINDUSTRY THROUGH DIFFERENTPHASES OF INDIAN ECONOMY
Presented By
SHRUTI SHAH (151)SOUMYA SAFEENA(160)TAMASREE ROY(167)
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INDIAN STEEL INDUSTRYIndia's Steel Industry is more than a century old
India is the 5th largest producer of crude steel in the
worldIndian steel industry contributes about 2% of GDP.
It produces 55.1 million tones of steel, a growth of
4.5%
Rapid economic growth and demand by sector like
infrastructure, automobile, real estate at home and
abroad
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MAJOR STEEL PRODUCING COUNTRIES
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GROWING STEEL USUAGE
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ROLE OF STEEL INDUSTRY IN INDIAN GDP-CONSUMPTIONThe domestic steel consumption was 44.28 million metric
tonnes and increased by 8%
The average growth rate of the Indian Iron and SteelIndustry is 11.36%
The construction projects all over India are major consumer
of steel
Steel exports increased by 17.36% an estimated amount
of 2.46MT & steel imports increased by 2.8 % an estimated
amount of 5.36 MT
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE IAfter independence, Indian government took full control
over steel sector.
Industrial Development Regulation Act (IDAR) 1948
Industrial Policy Regulation (IPR) 1956
In 1959, govt approved setting up of privately owned EAF
based mini plants.
Prices were determined and announce by JPC (Joint Plant
Committee).
Steel exports began only in 1964.
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE IIMSTC Ltd. (Metal Scrap Trade Corporation Ltd.) was
set up on the 9th September, 1964 as a canalizing
agency for the export of scrap from the country.HSCL was incorporated in June 1964
As a continuation of phase I the exports increased in
1st 5 yrs of phase II
A large quantity of steel was exported between
1964-1968
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE II(cont..)The Bokaro plant was commissioned in 1972.
From 1975 India again started exporting and
touched the figure of 1.4 million tons of steel in1976-1977
In 1973-85 growth of real value of output was stable
at around 7.8%
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE III
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CHANGE IN PHYSICAL ENERGY INTENSITY OFVARIOUS INDUSTRIES THE PHASE II
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE IIIIndias share in world production of crude steel was 1.5% in
1981
In 1981, Congress passed the Steel Industry Compliance
Extension ActRaised the minimum asset limit defining industrial houses
from Rs 200 million to Rs 1 billion.
1989: SAIL acquired Vivesvata Iron and Steel Ltd.
Many public sector units were established and thus publicsector had a dominant share in the steel production till early
1990s.
the steel industry continued to be under controlled regime
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE IVIV Phase-1991, continued late, growth Rate-6.5%,
nearly 9% from 2003 onwards except for 2008-09.
Major developments that occurred at the time of
liberalization and thenceforth were:
1.Large plant capacities that were reserved for publicsector were removed;
2. Export restrictions were eliminated;
3. Import tariffs were reduced from 100 percent to 5
percent;
4. Decontrol of domestic steel prices;
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DEVELOPMENT OF STEEL INDUSTRY IN THEPHASE IV5. Foreign investment was encouraged, and the steel industry
was part of the high priority industries for foreign investments
and implying automatic approval for foreign equity
participation up to 100 percent6. System of freight ceiling was introduced in place of freight
equalization scheme
Steel production in India has grown from 17 MT in 1990 to 36
MT in 2003. It is expected that by 2011, the steel productionin India will grow to 66 MT.
The per capita-consumption of steel in India, according to
latest available estimates, is only 29 kg. This is much less
compared to the global average of 140kg.
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KEY EVENTS 1907*: Tata Iron and Steel Company set up.
1913: Production of steel begins in India.
1918: The Indian Iron & Steel Co. set up by Burn &Co. to compete with Tata Iron and Steel Co.
1923*: Mysore Iron and Steel Company set up
1939*: Steel Corporation of Bengal set up
1948: A new Industrial Policy Statement states that
new ventures in the iron and steel industry
are to be undertaken only by the central
government.
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KEY EVENTS 1954: Hindustan Steel is created to oversee the
Rourkela plant.
1959: Hindustan Steel is responsible for two more
plants in Bhilai and Durgapur. 1964: Bokaro Steel Ltd. is created.
1973: The Steel Authority of India Ltd. (SAIL) is
created as a holding company to oversee most of India's iron and steel production.
1989: SAIL acquired Vivesvata Iron and Steel Ltd.
1993: India sets plans in motion to partially privatize
SAIL
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