Economics of the Indian Steel Industry

Susmita Dasgupta (Autor)

Buch | Hardcover

152 Seiten

2017
Routledge (Verlag)
978-1-138-73988-8 (ISBN)

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Steel is the foundational material of modern civilization and constitutes the core of industry, and yet, it is overproduced across the world. This supply glut is reducing margins and turning steel into a sunset industry. Steel consumes as much as four times the amount of raw materials as its produced volume, and the sheer bulk of the steel makes it costly to transport. Because of this, countries prefer to make their own rather than to source it across land and sea.

The Indian steel industry has grown from being the tenth largest steel producer in the world in 1991 to emerging as the second largest, after China. This book aims to reveal, through data and the use of simple economic concepts, the mistakes that abound in the discourses surrounding the steel industry. Its main objective is to dispel the many myths that are perpetuated by policy makers and the industry in order to benefit a small coterie of large firms, and discusses how through such favours the Indian steel industry is set to lose out in terms of margins, products and growth in technology. It covers the unique role of the Indian state in the development of the broad base of steel production, and observes the change in the direction in policy, which reverses the economic equality of the past and promotes collusion among oligopolies leading to overexpansion in capacities.

Economics of the Indian Steel Industry will be of interest to students of industrial economics and corporate strategy, as well as financial managers and policy makers.

Susmita Dasgupta is a policy economist and a sociologist of popular culture. She has worked with the Joint Plant Committee, Ministry of Steel for the past thirty years and is among the busiest speakers at steel conferences in India.

List of Tables

List of Figures

Acknowledgements

Introduction

Issues Facing The Steel Industry

Parameters of Steel Policy in India

Excess Capacity and Production of Steel in the World

Over Capacity in the Indian Steel Industry

Producers and Product Mix

Who To Promote, The Integrated Mills Or Electric Furnaces?

The Failure of Demand of Steel in India

The Myth of the S Curve

The Metallics Balance of Steel

Bad Loans of The Steel Industry: What Do The NPAs Really Tell?

Technologies For Making Steel

The Cost of Steel

The Price of Steel

Profits From Steel

The Steel Trade of India

Conclusion: Summary of Arguments

Index

Erscheinungsdatum	15.07.2017
Reihe/Serie	Routledge Studies in the Economics of Business and Industry
Zusatzinfo	75 Tables, black and white; 21 Line drawings, black and white; 21 Illustrations, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Technik
	Wirtschaft ► Betriebswirtschaft / Management ► Logistik / Produktion
	Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-138-73988-X / 113873988X
ISBN-13	978-1-138-73988-8 / 9781138739888
Zustand	Neuware