Low steel consumption per capita will be the main factor behind the growth of investments in the Indian steel industry. This is stated in a new survey of the Indian domestic market from the largest steel producer Tata Steel.
India's steel sector will receive more than $ 30 billion in investment over the next 6 to 7 years and will generate 3 to 4 million new jobs in the country, Tata Steel said.
Per capita steel consumption in India is now 60 kg, compared with the world average of 210 kg and 460 kg in China. At the same time, domestic demand for steel in 2013 increased by 3.3 percent to 73.3 million tons due to the weakening economy and high interest rates.
“Metallurgy in India is the second largest economic sector (8 percent) after oil and gas,” said Tata Steel.
Tata Steel Group, with an annual capacity of 29 million tonnes of crude steel, is the second most geographically diversified producer in the world with a presence in 26 countries.
India's metallurgy investments to exceed $ 30 billion in 6 years - Tata Steel
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Azovpromstal® 9 March 2014 г. 11:58 |
