Blog 70: Indian Steel and Iron Pipes Stocks

Industry Wise Consumption of Steel and Iron Pipes:

1.Oil & Gas = 51%

2.Energy = 18%

3.Automotive = 15%

4.Mechanical Engineering = 9%

5.Building & Construction Activities = 5%


Steel and Iron Pipes Industry Opportunities:

1.India’s finished Steel Consumption is anticipated to increase to 230 MT by 2030-31 from 133.596 MT in FY22.


2.As of December 2022, India Was the World’s Second largest Producer of Crude steel, with an output of 124.5 MT of Crude steel and finished steel production of 117.6 MT, in CY22.


3.India is home to fifth highest reserves of iron ore in the World.


4.In the past 10–12 years, India's Steel Sector has expanded Significantly. Production has increased by 75% Since 2008, While domestic Steel demand has increased by almost 80%. The Capacity for Producing Steel has grown up Significantly.


5.In FY22, demand for Steel Was expected to increase by 17% to 110 million tonnes, driven by rising Construction activities.


Top Companies in Steel And Iron Products Sector:

1.Jindal Stainless Ltd

2.Jindal Steel Power Ltd

3.Jindal Saw

4.JSW Steel

5.Tata Steel

6.ISMT

7.Technocraft

8.Welspun Corp

9.APL Apollo Tubes

10.Garg Furnance


Social Media Links and Mail id:


Twitter:
https://twitter.com/1harshach?s=20

LinkedIn:
https://www.linkedin.com/in/harsha-chennuboina-2b9b7a235/

GMail:

Capitallife999@gmail.com
Location: Mumbai, Maharashtra, India

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