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Market Structure of Steel Industry

In: Business and Management

Submitted By priyapawar1487
Words 4959
Pages 20
Profile of Steel Industry in India (Managerial Economics)

CONTENTS
Introduction
Market Size Investments Government Initiatives

Steel Prices

Supply and Demand Analysis

Cost of production

Production Functions and Input: Fixed & Variable Inputs: Total & Average cost:

Calculating Average Total Cost

Average cost and Economics of Scale:

Market Structure of steel industry:

Price Discrimination in the Steel Market

SWOT Analysis of Steel Industry:

Indian Steel Industry a Bright Future

Understanding the Steel industry using Michael Porter’s Five Forces Model

Suggestions

Road Ahead

Major Steel Producers
Introduction

India has acquired a central position on the global steel map with its giant steel mills, acquisition of global-scale capacities by players, continuous modernisation, and improvement in energy efficiency. Steel companies from across the world have shown interest in the Indian steel industry due to its phenomenal performance. In India, the steel industry plays a significant role in the economic growth. India is world's fourth largest crude steel producer in 2011-12 with 89 million tonnes (MT) as per provisional data and is expected to become the second largest producer of crude steel in the world by 2015-16. India is also the world's largest producer of sponge iron with a host of coal based units, located in its mineral-rich States. The major contribution of the steel industry focuses on strengthening the sectors, such as infrastructure, constructions, automobile, transportation, industrial applications etc.

Tata Steel has been named among the world's most ethical companies by an American think tank, Ethisphere Institute. Ethical business

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