Why is Steel Authority of India a Buy for us For Steel Authority of India it might be the tough time but being patient and waiting for a cyclical turnaround might be profitable for you. We reiterate a BUY for the stock. Talking of the performance we see faltered domestic demand remains a concern, but there […]
Jindal Steel and Power Ltd. Jindal Steel and Power Limited (JINDALSTEL) is one of India’s major steel producers Company has significant presence in sectors like Mining, Power Generation and Infrastructure Annual turnover of over US $2.9 billion JSPL is a part of US $ 15 billion diversified O. P. Jindal Group The company has committed […]
Offshore Wind Energy Siemens the giant German industrial conglomerate and which is also the world’s largest Green company has taken a huge lead in the nascent offshore wind turbine market. Note offshore wind energy is emerging as the new engine of growth in the wind turbine industry with all the major WTG suppliers developing turbines […]
Steel is an essential material used in many industries – it’s the backbone to countless products, structures and services that shape the everyday lives of people throughout the world.One of the major uses of Steel is in the Manufacture of Pipes which are used to transport energy products.Pipelines are a transportation system that enables the safe movement of inordinate quantities of energy products to industry and consumers, literally fueling our economy and way of life. They are arteries of any Nation’s energy infrastructure, as well as the safest and least costly ways to transport energy products.
In general Steel Companies in India with the exception of the Jindal Group are not involved in the Steel Pipe production .Most of the Steel makers in India have major operations in foreign countries particularly Middle East.The boom times seem to be over for the sector and competition has become higher.
Stainless steel production in India increased from 0.5 million tonnes in 1994-95 to 1.76 million tonnes in 2004-05. India has emerged as one of the top ten stainless steel producer in the world. With a production of 1.1 million tonnes during 2002, the country was ranked 8th in the world. With the economy booming, there is increasing demand for a wider range of products and services in stainless steel.Stainless Steel is manufactured by the mainstream Steel Companies in India beside there are some focused stainless steel companies as well.The Mining Industry in India supplies most of the raw materials used in the production of Stainless Steel.
Production of iron ore in the country is through a combination of large mechanised mines in both public and private sectors and several smaller mines operated in manual or semi mechanised basis in the private sector. During 2001-02, 215 iron ore mines were operating in a total 638 leases which increased to 261, during 2005-06 operating in 505 leases. During 2006-07, India produced 172.3 MT of iron ore including lump, fines & concentrate. Normally, iron ore mining in India is done by opencast method and on the basis of mining methods, the mining can be broadly divided into two categories, i.e., manual and mechanized. Majority of the large mechanised mines are in the public sectors whereas manual mines are mainly in the private sector. In order to support steel production of 110 MT by 2019-20, the requirement of iron ore is placed at 190 MT & exports have been estimated to be around 100 MT. World iron ore production was 1,690 MT in 2006. Although iron ore is mined in more than 50 countries, the bulk of world production comes from just a few countries. The five largest producers are Brazil,China, Australia, India & Russia.