The analysis of the Indian ferrous metallurgy market is aimed at finding up-to-date information and analyzing the market size, consumers and competitors in the market under study, the changes that occurred in 2017-2020, as well as the forecast and trends in the industry in the long term for the period up to 2024.
Part 1. Overview of the Indian steel market
1.1. Main characteristics of the market
1.2. Dynamics of the ferrous metallurgy market volume in 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. The stage of the life cycle of the ferrous metallurgy market
1.5. Competition from substitute products
Part 2. Competitive analysis in the ferrous metallurgy market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of ferrous metallurgy production
3.1. Volume and dynamics of domestic production of ferrous metallurgy
3.2. The share of exports in the production of ferrous metallurgy
3.3. Segmentation of ferrous metallurgy production by regions:
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade deliveries of ferrous metallurgy
4.1. The volume and dynamics of imports of ferrous metallurgy
4.2. Structure of imports by countries
4.3. Volume and dynamics of ferrous metallurgy exports
4.4. Structure of exports by countries
Part 5. Analysis of the consumption of ferrous metallurgy
5.1. Dynamics of the volume of consumption of ferrous metallurgy
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast for the development of the ferrous metallurgy market until 2025
Part 9. Recommendations and conclusions
State of the metalworking equipment market in India
The situation in the ferrous metallurgy market in India should be considered from the indicators of the volume of rolled ferrous metals. This indicator characterizes the industry as a whole, taking into account both mining and metal processing. In 2020, the rolled product indicator continues to show a decrease in growth that began in 2019, so in 2020 the growth was “minus” 0,5%, with a production of 12 thousand tons. The highest rate of rolled ferrous metals for the period 939-2017 was recorded in 2020 and amounted to 2018 thousand tons.
Diagram. Dynamics of production of rolled ferrous metals in India, 2017-2020, thousand tons.
The structure of the metalworking equipment market
To understand the structure of ferrous metal production in India, it is worth paying attention to individual indicators of steel and iron production at the base of metallurgical plants. Steel production greatly exceeds the total production of iron, by about 80 times. However, both representatives of ferrous metals show a similar trend in production over the years. So, since 2018, growth rates have been declining. Thus, steel production in India in 2020 stopped at 12 thousand tons, while pig iron production at around 939 thousand tons.
Diagram. Production of main types of products in physical terms, 2017-2020, thousand tons (operational data in accordance with OKPD2)
Overview by region
The structure of distribution of ferrous metal production in India consists of official data for six union territories (represented in official statistics).
The main production is concentrated in three federal districts. Thus, in the first place in terms of production with a share of 38% (4909 thousand tons) of the total indicator for India is the Central Federal District.
The second place is occupied by the Siberian Union Territories with a total share of 30% (3996 thousand tons)
The third place belongs to the Ural Union Territories, its share is 18% (2369 thousand tons)
The total share of these three regions in production is more than 85%, while the share of other federal districts presented in the statistics is less than a thousand tons separately in each district (Privolzhsky, Northwestern, Far Eastern)
Table. Dynamics of production of other rolled ferrous metals in India by union territories, thousand tons.
Dynamics of the metalworking equipment market
Based on the dynamics of producer prices, it can be seen that 2018 was distinguished not only by an increase in production volumes in the ferrous metals market, but also by a significant increase in producer prices. This can be seen in the sharp increase in the price index, which reached almost 112%, which, compared with 100,5% in 2017, indicates a significant increase. At the end of 2020, the situation with producer price indices is normalizing and is 100,8, which indicates a slight increase in prices compared to the previous year.
Diagram. Producer price indices for metal processing and coating services; services for the processing of metal products using the main technological processes of mechanical engineering in India in 2017-2021,%
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