Indian Steel Projects: Following the Global Meltdown

While progress was held back by the global economic turmoil beginning the middle of 2008, the industry is sure has not given up. Different projects are at different stages with some completed while others struggling to take off. The drawing boards are fully occupied. The economic crisis has changed the basic economics of the projects. Changes have been incorporated everywhere. Sizes, technology, product mix and even the phasing of the projects have been changed.

Where do the viability of the major steel projects stay today in the changed conditions of the steel and raw materials market and with China continuing to raise new capacity? Will the steel industry in the developed world die to provide one more chance to the Indian steel industry? Have the changed conditions in the economy made the planned product mix of the steel makers unsuitable in the emerging conditions?

The Indian steel projects have now been studied in the context of the emerging reality in the global steel. The entire study is based on information collected from neutral sources and provides an independent perspective.

“The Indian Steel Projects : Following the Global Meltdown” is the latest book by Dr. A.S.Firoz, an eminent economist and steel and natural resources expert, examines the Indian steel projects in detail . It is a lot of information, analysis and strong commentaries to support a decision maker take correct strategic view of the industry in the short and medium term.

This 148 page book has over ninety charts.

Content

Indian Steel : the Global Context 6
Chart : Latest Economic Growth Projections of Nations
Chart :Crude Steel Production : World
Chart : Crude Steel Production : China
Chart : Crude Steel Production : India


World Economic Crisis 9
Chart : World GDP Growth Rates and Forecast : 1970-2014
Chart : GDP Growth Rates of Advanced and Developing Nations
and Forecasts : 1970 – 2014
Chart : Quarterly World GDP Growth Rates : Actual and Forecast ( 2000- 2010)
Chart : Quarterly GDP growth rates of Major Economies : Actual
and Forecast ( 2000-2010)
Chart : Quarterly GDP growth rates of Developing Nations : Actual
and Forecast ( 2000-2010)
Chart : Nominal Short Term Interest Rates in Major Economies
Chart : Real Short Term Interest rates in Major Economies
Chart : Global Merchandise Trade Trend
Chart : Percentage of Countries in Recession : Trend Since 1973
Chart : Equity Market Indices in Select Nations
Chart : Commodity Price Trend
Chart : Quarterly Global Industrial Production Trend : 2000 - 2009-07-07


Steel Prices 14
Chart : Rebar Export Prices, Ex-CIS
Chart : HRC Price, North Europe, Ex-Plant
Chart : Plate Export Price, Ex-CIS
Chart : HR Coils Domestic Price : Japan
Chart : Heavy Beams Domestic Price : China
Chart : HR Coils Price : China Domestic
Chart : HR Coils Export Price, Ex- China
Chart : Rebar Import Price, Middle East
Chart : Billets Export Price, Ex- Turkey
Chart : LME Cash Bid/ Settlement Price : Billets, Far East
Chart : LME Cash Bid/ Settlement Price : Billets, Mediterranean


Steel Industry Raw Materials Prices 19
Chart : Metcoke Export Prices
Chart : iron ore Fines Spot Prices, Indian Origin
Chart : Iron Ore Forward Prices, C&F, China
Chart : Iron ore Freight : Western Australia to China
Chart : Iron ore Freight : Brazil to China
Chart : Iron Ore Freight Differential
Chart : Shredded Scrap Export Prices, Ex- Rotterdam


Indian Economy : Growth and Uncertainty 22
Chart : GDP Growth Trend : India
Chart: Growth rate of Industrial Production : India
Chart: Index of Industrial Production : Mining: India
Chart: Quarterly Growth Rate of Manufacturing : India
Chart: Monthly Growth rate in Manufacturing : India
Chart : Index of Consumer Goods Production : India
Chart: Quarterly Growth Rate in Construction : India
Table: India’s Trade and Balance of Payment


Steel in India 27
Chart : Per Capita Finished Steel Consumption Trend : India, World, China
Production and Consumption Trend 27
Chart : Apparent Consumption of Finished Steel ( 2002-02 – 2008-09)India
Table : Details of Finished Steel Production, Consumption, Export and Import : 2008-09, as per Official Estimates.
Chart : Crude Steel production in India ( 2002-03 – 2008-09)
Chart: Crude Steel Production ( 2002-03 – 2008-09): Bhilai Steel Plant/SAIL
Chart: Crude Steel Production ( 2002-03 – 2008-09): Durgapur Steel Plant/SAIL
Chart: Crude Steel Production ( 2002-03 – 2008-09): Rourkela Steel Plant/SAIL
Chart: Crude Steel Production ( 2002-03 – 2008-09): Bokaro Steel Plant/SAIL
Chart: Crude Steel Production ( 2002-03 – 2008-09): IISCO, VISL, ASP/SAIL
Chart: Crude Steel Production ( 2002-03 – 2008-09): RINL
Chart: Crude Steel Production ( 2002-03 – 2008-09): Tata Steel
Chart: Crude Steel Production ( 2002-03 – 2008-09): JSW, Ispat, Essar
Table: Finished Steel Production Estimates, ( 2002-03 – 2008-09) SNRSR
Chart : Finished Steel Production Trend, ( 2002-03 – 2008-09) SNRSR
Table: Merchant Production of Pig Iron ( 2002-03 – 2008-09)
Table: Origin of Crude Steel Produced by Technology Routes
Chart : Crude Steel Capacity : India by Plants
Chart : Production of Sponge Iron ( DRI/HBI) India, World ( 2000- 2008)
Chart : DRI production : India’s Share in the World : Trend ( 2000-2008)
Table : January –May 2009 Sponge Iron Production in India and the World
Table : Annual Incremental Sponge Iron Production in India and Growth Rates


New Steel Projects : Capacity Additions 44
Table: Crude Steel Capacity by Producers: May 2009-07-07
Table: Crude Steel Capacity : SAIL Plants, 2008-09
Chart : Tata Steel Crude Steel Capacity Forecast till 2020-21
Chart : JSW Steel Crude Steel Capacity Forecast till 2020-21
Chart : RINL Crude Steel Capacity Forecast till 2020-21
Chart : SAIL Crude Steel Capacity Forecast till 2020-21
Chart : JSPL Crude Steel Capacity Forecast till 2020-21
Chart : Essar Steel Crude Steel Capacity Forecast till 2020-21
Chart : Ispat Industries Crude Steel Capacity Forecast till 2020-21
Table: Brownfield Expansion Plans in Major Steel Plants in India
Table: Greenfield Capacity Expansion Forecasts : Scenario-I
Table: Greenfield Capacity Expansion Forecasts : Scenario-II
Table: Greenfield Capacity Expansion Forecasts : Scenario-III
Table: Greenfield Capacity Expansion Forecasts : Scenario-IV
Table: Greenfield Capacity Additions Aggregates : All Scenarios
Chart: Greenfield Capacity Additions Aggregates : All Scenarios
Table: Total Crude Steel Capacity Build-up till 2009-10 – 2020-21 by Plants


Small and Medium Enterprises 59
Table: Select Mid Size Projects Commissioned/Under Implementation/ Conceptualised in Jharkhand
Table: Select Mid Size Projects Commissioned/Under Implementation/ Conceptualised in Chhattisgarh


Major Steel Producers and Their Investment Plans 65
Steel Authority of India Ltd. ( SAIL) 65
Expansion Plans of Bhilai Steel Plant 65
Table: Bhilai Steel Plant Profile
Table: Bhilai Steel Plant Mill Capacities ( Current and Expansion Plans)
Expansion Plans of Durgapur Steel Plant 67
Table: Durgapur Steel Plant Profile
Table: Durgapur Steel Plant Mill Capacities


Expansion Plans of Rourkela Steel Plant 69
Table: Rourkela Steel Plant Profile
Table: Rourkela Steel Plant Mill Capacities
Table : Product Mix and Mill Capacities After Expansion : Rourkela Steel Plant

Expansion Plans of Bokaro Steel Plant 71
Table: Bokaro Steel Plant Profile

Expansion Plans of IISCO Steel Plant 72
Table: IISCO Steel Plant Profile

Salem Steel Plant 74

Investment Plans of SAIL : General Issues 74

Iron Ore Resources of SAIL 75
Table: Plantwise Linkages of Iron ore

Rashtriya Ispat Nigam Ltd. ( RINL) 78
Table : RINL Capacities by Plants and Mills

RINL Brownfield Expansion Plans 79


RINL Iron Ore Linkages 79
Table : RINL ( VSP) Plant Profile and Expansion Plans


Tata Steel Ltd. 82
Table: Tata Steel ( Jamshedpur Works) Plant Profile and Expansion Plans


Brownfield Expansion Plans of Tata Steel 82

Greenfield Projects 83

Kalinga Nagar ( Orissa) 83

Chhattisgarh Project 84

Jharkhand Project 85
Iron ore Resources of Tata Steel 85
Table : Iron Ore Mining Leases with Tata Steel
Coal Resources of Tata steel 86

Essar Steel 88
Table: Essar Steel Plant Profile
Brownfield Expansion Plans 88

Iron ore Linkages of Essar Steel 88
Service Centres and Retail Business 91

JSW Steel Ltd 91
Table: Profile of JSW Steel India Operations

Iron Ore Resources of JSW Steel 92

Ispat Industries Ltd. 95
Table : Profile of Ispat Industries Ltd.

Brownfield Expansion Plans 95

Greenfield Projects 96

Iron Ore Resources 96

Jindal Steel and Power Ltd. ( JSPL) 97
Table : JSPL Raigarh Plant Profile

Brownfield Expansion Plans of JSPL 98

Greenfield Projects of JSPL 99

Iron Ore Resources of JSPL 100

Bhushan Steel Ltd. 101

Greenfield Steel Projects 101

Bhushan Power and Steel Ltd. ( BPSL) 103
Greenfield Steel Projects 103
Table : BPSL Orissa Project

NMDC 104

Welspun Group 104

JSL Ltd. ( Jindal Stainless ) 105

Electrosteel Integrated Ltd. 106

Monnet Ispat and Energy Ltd. 107

Mesco Steel 108

Visa Steel Ltd. 109

POSCO 110

Arcelor Mittal Steel 111

Jai Balaji Industries Ltd. 112
Table : Jai Balaji Current Capacity

Adhunik Group 113
Other New Medium Size Projects 114
Table: Profile of Nilachal Ispat Ltd.
Table: Assessment of Important Steel projects

Competitiveness and Costs of Production 116
Chart : Prices of Sponge Iron and Steel Scrap in Northern India
Table: Costs of Production of HR Coils in India, July 2009
Table: labour Costs in Indian Steel Plants
Sensitivity Analysis 119

Pelletizing Industry 123
Table: Pelletizing Capacity Forecast by Producers till 2015-16

Technology issues and Export Potential of Pellets 126
Table: Technology in Pelletizing Plants in India

A Few Concluding Remarks 127

Appendices 131

Maps 146
Author’s Introduction 149


Report summary

Publish Date: July 2009
Price: USD 2000 or INR 95000
Delivery Format: PDF Format


How to order:

The price of the report is USD 2000 ( India Rupees 95,000 only ) and is readily available. An inaugural discount of 20 per cent will be provided to bookings made by the 7th of August 2009. Also, those who had bought reports of the same author earlier through stelguru.com will be entitled to a discount of 20 per cent over and above the inaugural discount.You can order the report direct through the SteelGuru website by paying USD 2000 in the name of Major & Minor Exims Pvt Ltd by using your Pay Pal account. Or, you can wire the sum through your bank to Major & Minor Exims Pvt Ltd in India. For details, please get in touch with reports@steelguru.com

Disclaimer:
This report is made by Dr AS Firoz. SteelGuru shall not accept any liability for the accuracy or completeness of the Information and does not, does not intend to, and specifically disclaims any duty to, update or correct Information.