India's steel market situation 1

As India is one of the important market of Seko Machinery,Seko pay attention to the Indian steel market situation closely.We sold many stainless steel pipe making machinery to India and established long-term business relations with many Indian customers.So keep an eye on the development of Indian steel indutry benefits both our customers and us.
1.Indian Steel Types:
Indian major steel products are long steel, flat steel and steel pipe and 50% of the Indian steel production is long steel,46% of it is flat steel and 3% of it is steel tubes.

2.India's domestic steel consumption
　　India's domestic steel consumption grows steadily,mainly focus on the industry of real estate (including construction), machinery, automobile and the other industries.However,India’s mechanical industry only accounted for little of the total steel consumption.Its construction industry demand for about 60% of India's steel and automobile industry demand for 15%.As for the economic slowdown, India's steel consumption grow slowly. Indian Joint Plant Committee according states that from April to December, 2014,India's steel consumption only grew 1.4% year-on-year to 55.24 million tons.
In 2013, India's steel consumption per capita is 57.8 kg, while Japan’s is 516.8 kg, China’s is 545 kg, the America’s is 300.8 kg. India's steel consumption per capita is on the low side,this reflects its low urbanization development.However,the development models of the other major economies suggest that India's steel consumption per person will continue to grow although its growth depends on the urbanization and industrialization level largely.

India’s great macroeconomic growth potential and rich iron ore resources can help its steel industry to develop greatly.However,the outdated infrastructure and poor coking coal resources will hinder its development.We hold the belief India’s steel industry is with great potential.if its steel consumption per person reaches that of China currently,its demand for steel will increase by 10 times.
Guangdong Shunde Seko Machinery & Technology Co.,Ltd.
www.gdseko.com
Shelly
sales6@gdseko.com
Skype:lshelly520
Suggested Reading:India's steel market situation 2