SOME FACTS :

• Global downturn had impact on India, but recovery was fast
• Projected GDP growth @8-9% over next 5 years
• Overall Steel Consumption to grow at 1.2 times GDP
• Planned Infrastructure Investment in 5 years: USD 440 billion
• Power
• Railways / Urban transport
• Urban Infrastructure
• Ports / Airports
• Gas pipeline
• Global meltdown/Overcapacity impacted demand and prices.
• High cost raw material inventory–Nickel, SS Scrap, Moly.
• Most producers made losses in 2008-09 and faced liquidity crunch.
• The domestic market size remains largely un-affected.
• Government stimuli helped demand revival.