Released on: January 11, 2008, 10:09 pm

Press Release Author: Bharat Book Bureau

Industry: Small Business

Press Release Summary: In 2006, India emerged as the second largest steel producer
in terms of growth rate in Asia after China. Also, the country remained the seventh
largest producer of crude steel that year, according to a market research report
"Opportunities in Indian Steel Industry" by the leading market research company
Bharat Book Bureau. The descriptive report thoroughly evaluates the industry and
tries to find out the reasons for the phenomenal growth being witnessed in the
Indian steel industry. The study says that the industry is full of potential for
both steel production and consumption in India and is slowly gaining the global
attention.

Press Release Body: Due to fast growth in the industry, domestic players are
expanding their steel production capacity to benefit from the opportunity. Apart
from the domestic makers, foreign players too are staking high on this thriving
sector to rake in the profits.

The Bharat Book Bureau study counts several factors responsible for the excelling
Indian steel industry. It also briefs on how liberalization in the Foreign Direct
Investment (FDI) has spurred growth in the Indian steel industry.

In India, the research identifies Jharkhand and Orissa as the most potential steel
producing destinations. These two states, due to multiple reasons, are attracting
increasing number of steel projects. The research counts several big steel projects
that have been inked by the Indian government and prominent steel producers.

The Indian government is working in the direction of taking the steel industry to
growth road. The report outlines various development programs undertaken by the
government to fortify the position of the Indian steel industry. It also looks into
the future development programs of the government which will spur growth in the
steel demand in the years to come.

The comprehensive research, "Opportunities in Indian Steel Industry", studies the
structure of the Indian steel industry, with first-hand information on production
and consumption. It gives a detailed account on the trade statistics of the steel
industry and examines whether India is a net steel-exporting or importing country.
It discusses the development of raw material, like iron and limestone, used in the
production of steel in India. Apart from this, the report also updates on the
opportunities and challenges in the market and based on these crucial factors,
grounds the future forecast of steel consumption.

For more information visit website : http://www.bharatbook.com/detail.asp?id=53006

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