(MENAFNEditorial)
India is set to become a major consumer of metals over the coming years as the government makes substantial efforts to improve infrastructure in the country . That said major roadblocks concerning the availability of raw materials and institutional weaknesses will continue to hinder growth in the metals industry.
In contrast to the dimming outlook in major steel-producing countries we believe India's steel sector is on track to experience healthy growth over our forecast period to 2018. While steelmakers in countries including China Japan and South Korea are struggling with overcapacity and sluggish steel demand the fortunes for Indian steelmakers are much more positive.
We expect India to become a major consumer of metals over the medium term. The growing affluence of the population will spur spending on housing and white goods in the coming years. Crucially the pro-business Bharatiya Janata Party (BJP) has pledged to push ahead with a mandate of sweeping economic reforms that will revive investor confidence in the country. We believe efforts to slim down bureaucracy and merge departments will improve the coordination between ministries and provide a springboard for pending infrastructure projects. Subsequently this will trickle down to the metals industry as demand for construction-related materials including steel aluminium and nickel increases.
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That said we are aware that several roadblocks will continue to hinder growth in India's steel sector. The ongoing clampdown on illegal iron ore mining will force a handful of steelmakers to shift their sights onto the seaborne market for supply. Additionally the pervasiveness of graft excessive red tape and the glacial pace of project execution will remain obstacles to infrastructure build-out and foreign direct investment in the coming quarters.
Over the past decade a growing number of Indian steelmakers have embarked on...
The India Metals Report has been researched at source and features latest-available data for steel aluminium and other major globally-traded commodities. Our analysis covers all primary indicators including production exports and price with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news trends and regulatory developments in India.
BMI's India Metals Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in India.
Key Benefits
* Benchmark BMI's independent metals industry forecasts for India to test other views - a key input for successful budgeting and strategic business planning in the India metals market.
* Target business opportunities and risks in India through our reviews of latest industry trends regulatory changes and major projects and investments.
* Exploit the latest competitive intelligence and company profiles on your competitors and peers.
Coverage
BMI Industry View
Summary of BMI's key forecasts and industry analysis covering metals production and prices plus analysis of landmark company developments and key changes in the regulatory environment.
SWOT Analysis
SWOT (Strengths Weaknesses Opportunities and Threats) analysis of the state's metals sector business environment politics and economics which carefully evaluates the short- and medium-term issues facing the industry.
Global Metals Market Overview
Global demand supply and price forecasts for steel and aluminium as well as gold copper and tin drawing on both our industry expertise and our macroeconomic and financial market team's long-term global demand forecasts and shorter-term market views.
Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast.
Production (`000 tonnes US$bn) consumption (`000 tonnes US$bn) exports (`000 tonnes US$bn); prices (US$/tonne) and growth (%).
Macroeconomic Forecasts
BMI forecasts to end-2018 for headline country macroeconomic indicators including real GDP growth (%) GDP per capita (US$) population (mn) industrial production index (% y-o-y average) and unemployment (% of labour force).
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