)

India has become the worlds fourth largest producer of

crude steel Large public and private sector players strengthen steel production capacity in the view of rising demand Expected to become second largest steel producer by 2015 Total market value of steel sector in India at US$ 57.8 billion in 2011 ,expected to touch US$ 95.3 billion Steel consumption is expected to grow at average rate of 6.8 % to reach 104 MT by 2017

According to WSA(World Steel Association) Indias steel

production increased by 3% to 59.62 MT in first 9 months of 2013 The infrastructure sector is Indias largest steel consumer, accounting for 63% of total consumption in FY2011. Attracted by the growth potential of Indian steel industry ,several global players have been planning to enter the market The government of India has allowed 100% FDI in the sector through automatic route

JSW Steel has acquired Heidelberg Cement Indias 0.6

MTPA-cement grinding facility in Raigad , Maharashtra Leitwind Shriram Manufacturing has received a RS 346 crore order for supply and installation of machines from Neyveli Lignite Corporation Jindal Steel and Power Ltd(JSPL) has secured five exploration licences for iron ore mining in South Africa. It is also mulling over steel production in Brazil , Indonesia and Mongolia. Tata steel is all geared up to launch 30 new products in Europe in FY 2014.

RINL Rashtriya Ispat Nigam Limited Tata Steel Steel Authority of India Limited (SAIL) JSW Steel VISA Steel ESSAR Steel Bhushan Steel The Ferro Alloys Corporation Limited Mahindra Ugine Steel Welspun Corp Ltd