![Page 1: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/1.jpg)
Annual Forward looking SessionIndian Stainless Steel Market
30th September 2013
Presented by :N.C. Mathur
President : Indian Stainless Steel Development Association (ISSDA)
![Page 2: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/2.jpg)
Contents…..
Global Stainless Steel Scenario
Indian Stainless Steel Scenario
Stainless Steel Show Case : Delhi Metro
Stainless Steel Growth Drivers in India
Watch For…
Summing Up++
2
![Page 3: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/3.jpg)
Global Stainless Steel Scenario
3
![Page 4: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/4.jpg)
19,187 20,690
22,84024,570 24,546
+7.6% -0.1%+10.4%+7.8%-1.0%
28,706
+16.9
28,146
-2.0%
26,218
-6.8% -5.0%
24,904
+24.9
31,094
33,621
+5.2
35,363
n/a
* Major correction of Chinese figure for 2011, therefore not comparable with previous years
Stainless Steel Crude Production
4
![Page 5: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/5.jpg)
Stainless Crude Steel Production(By Categories)
Source: ISSFNote: Due to major corrections of Chinese figures since 2011 not fully comparable with 2010, for CrMn steels in particular
(%)
5
![Page 6: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/6.jpg)
Regional Share of Stainless Steel Production
Source: ISSF 6
Year 2005 Year 2012
![Page 7: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/7.jpg)
Stainless Steel …. a Growth Material
Source: ISSF
Compound Annual Growth Rate of major metals (%/year): 1980 ‐ 2012
7
![Page 8: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/8.jpg)
Indian Stainless Steel Scenario
8
![Page 9: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/9.jpg)
Crude Stainless Steel ProductionWorld Vs. Share of India
(Million Tons)
(Period)
9
![Page 10: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/10.jpg)
Stainless Steel Melt Production : India
421 463 509 560727 790 775 862
1396 1458 1524 14501688 1750
18952088
18171921
2033 2010
24152540
2670
2950
0
500
1000
1500
2000
2500
3000
3500
0
500
1000
1500
2000
2500
2005 2006 2007 2008 2009 2010 2011 2012
('000
tons)
('000
tons)
Long Products Flat Products Total
10
![Page 11: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/11.jpg)
Stainless Steel Mill ProductsProduction Trends : India
(‘000
tons
)
11
![Page 12: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/12.jpg)
Stainless Steel Consumption by End UseIndia
Flat Products : Year 2012
Long Products : Year 2012
12
![Page 13: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/13.jpg)
Projected Apparent Consumption of Stainless Steel in India
413 455 504 558 617 683 756 838 928 1028 1138
2006 2160 2334 2527 27372967
32173491
37944122
448024192615
28383085
33543650
3973
4329
4722
5150
5618
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
('000
tons)
('000
tons)
Long Products Flat Products Total
13
Market ShareFlats : 80%Longs : 20%
![Page 14: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/14.jpg)
Projected Regional Stainless Steel Consumption in India
14
![Page 15: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/15.jpg)
Opportunities in Indian Infrastructure Structure
India plans to spend US$1 Trillion on infrastructure in next five years.
Indian airports require investments worth US$13 billion in next fiveyears; private sector to contribute US$10 billion.
Highways sector will attract investments worth US$123 billion in next5 years.
US$300 billion planned to be spent on upgrading rail infrastructure(including new rail lines, double/multiple lines, high‐speed rail) by2020.
Around $55 billion worth investments planned in major and non‐major ports by 2020.
15
![Page 16: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/16.jpg)
Stainless Steel Show Case : Delhi Metro
16
![Page 17: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/17.jpg)
Stainless Steel Show Case : Delhi Metro
17
![Page 18: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/18.jpg)
Stainless Steel Show Case : Delhi Metro
18
![Page 19: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/19.jpg)
Stainless Steel Show Case : Delhi Metro
19
![Page 20: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/20.jpg)
Stainless Steel Show Case : Delhi Metro
20
![Page 21: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/21.jpg)
Stainless Steel Show Case : Delhi Metro
21
![Page 22: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/22.jpg)
Stainless Steel Show Case : Delhi Metro
22
![Page 23: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/23.jpg)
SS Growth Drivers in India
23
![Page 24: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/24.jpg)
ABC• SS roofing sheets• Decorative and color
coated SS• Street furniture • Escalators, elevators• Claddings• Railings• Airports• Railway station up
gradation
ART•Luxury Bus bodies
•Auto chassis, trims, suspension parts, fuel tanks, catalytic convertors
•Railway wagons and coaches•Metro coaches
Process & Engineering• Nuclear grade SS for
fuel containment and waste handling
• Super critical boilers in power plants
• Water treatment and drinking water supply
• Desalination applications
Consumer Durables• India as hub for white
goods manufacturing
• SS used as components
SS Growth Drivers in India
24
![Page 25: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/25.jpg)
Railways• New Stainless Steel
Wagons & Coaches
• RefurbishingRailway Stationswith world classfacilities
• Development ofMetro Rail projectsand streetinfrastructure
Delhi Metro
25
Stainless Steel in Railways
![Page 26: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/26.jpg)
RailwaysRailway Stations : Cladding , Roofing , Structures , Decoration , Selling Carts , Display Boards , Ticketing
Area , Seating Space ,Floor Tiles ….
Railway Stations : Cladding , Roofing , Structures , Decoration , Selling Carts , Display Boards , Ticketing
Area , Seating Space ,Floor Tiles ….
Stainless Steel in Railways
26
![Page 27: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/27.jpg)
ABC• Urban Renewal in
the form of Streetfurniture e.g. BusShelters
• Shopping Malls,organized retail isgrowing at rapidpace.
• Modular kitchens
• AirportsDelhi Bus Shelter
27
Stainless Steel in Architecture, Building & Construction (ABC)
![Page 28: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/28.jpg)
SS Modular Kitchen
New age applications in Household
• Kitchen Applications
• Bathroom Accessories
• White Goods
• Lifestyle Products
• Interior Decoration
28
Stainless Steel in Architecture, Building & Construction (ABC)
![Page 29: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/29.jpg)
AirportsWall Cladding, Roofing, Check in Area, Seating Spaces,
Immigration Area, Railings, Display Boards, Lounge, Booths, Duty Free Area, Signage, Decorative, Elevators , Escalators ,
Travelators, Food Courts….
Wall Cladding, Roofing, Check in Area, Seating Spaces, Immigration Area, Railings, Display Boards, Lounge, Booths, Duty
Free Area, Signage, Decorative, Elevators , Escalators , Travelators, Food Courts….
Stainless Steel in Architecture, Building & Construction (ABC)
29
![Page 30: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/30.jpg)
Industrial Applications
• Power
• Process Industry
Stainless Steel in Industrial Applications
30
![Page 31: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/31.jpg)
Automotive and
White goods• India a leading automobile
hub in S.Asia, specially for two wheelers and small cars
• Increase usage of Stainless Steel in exhaust, wheel rims etc.
• Large middle class driving White Goods market
Stainless Steel in Auto and White Goods
31
![Page 32: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/32.jpg)
Source : FICCI Nov 2009
• India destined as a major Automotive hub in South Asia.• A large manufacturing base for Two wheelers / Small cars / Steel and Stainless Steel
components for automobiles.
11.2 mill
32.3 mill
10.8 mill11.1 mill
9.7 mill8.5 mill
Indian Automotive : Growth Prospects
32
![Page 33: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/33.jpg)
What Next???
33
![Page 34: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/34.jpg)
Bus Body LPG Cylinder
Cycle Rim Plumbing
Hospital Furniture Water Tanks
Railway Passenger Coaches
34
Applications ‐ Arriving shortly… ( India )
![Page 35: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/35.jpg)
Bicycle Rim & Gas Cylinder 35
Applications ‐ Arriving shortly… ( India )
![Page 36: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/36.jpg)
Plumbing
36
Applications ‐ Arriving shortly… ( India )
![Page 37: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/37.jpg)
Water Storage Tank
37
Applications ‐ Arriving shortly… ( India )
![Page 38: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/38.jpg)
Hospital Accessories
38
Applications ‐ Arriving shortly… ( India )
![Page 39: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/39.jpg)
Bus Body
3939
Applications ‐ Arriving shortly… ( India )
![Page 40: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/40.jpg)
Bus Body
4040
Applications ‐ Arriving shortly… ( India )
![Page 41: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/41.jpg)
Railway Passenger Coaches
Applications ‐ Arriving shortly… ( India )
41
![Page 42: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/42.jpg)
But???
42
![Page 43: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/43.jpg)
Inadequate Infrastructure – Energy, logistics, portsetc. not conducive to growth of manufacturing sector
Infrastructure projects subject to delays and financialconstraints
Budget constraints Vs. Life Cycle benefits ofStainless Steel
Dependence on imports for certain raw material –Nickel, SS Scrap , Moly.
Challenges Ahead
43
![Page 44: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/44.jpg)
Watch For….
44
![Page 45: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/45.jpg)
Railway
• Metro in major cities
• Railway Wagons
• Coach Up-gradation
• SS usage in
Platforms
Increasing ABC applications
• Selective Rebar's
• Door &Windows
• Cladding
• Signage's
• Street Furniture
• Fasteners
• Life Style products
India as export hub for
• Auto Components
• Appliances
• Mill Products
• High Quality Value
Added Engineering
Products
Changes in the Market Place…
45
![Page 46: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/46.jpg)
Movements in environment………
RM Price Fluctuations ( Ni, Cr, Scrap )
Grade / Series Substitution in Industry
Standardization (IKEA/ Whirlpool / Electrolux moving
to 400 Series)
46
![Page 47: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/47.jpg)
Raw Material : Price VolatilitySince 1990
Source : Metalytics
Nickel (key Raw Material for Stainless Steel) trades over a wider Price Range than other base Metals.
47
![Page 48: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/48.jpg)
• High growth economy• Increasing SS consumptionProspects
• ABC (Architecture, Building & Construction)• Automobile • Railways
Growth Area
• Indian Infrastructure • China Capacities• RM Volatility
Challenges
Indian Stainless Steel Industry Outlook
48
![Page 49: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/49.jpg)
Summing up ++
49
![Page 50: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/50.jpg)
Summing Up++
SS Production will go up to 4 Million Tons by 2015
Overcapacity in the market .. export boost up
Scope for double digit growth in SS Consumption
(Growth in SS Consumption is about 1.2 Times GDP )
New applications will emerge very fast
Opportunities for business in downstream industries
SS will change the face of India
Indian Stainless Steel Market
50
![Page 51: Indian Stainless Steel Market 30th September 2013 · • Escalators, elevators • Claddings • Railings • Airports • Railway station up gradation ART •Luxury Bus bodies •Auto](https://reader034.vdocuments.us/reader034/viewer/2022050216/5f61ca3740714d61ee4a11b6/html5/thumbnails/51.jpg)
Contact at : [email protected]