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Disclaimer Demand - SupplyScenario Production In FY01, India produced 26.5mt ofcrude steel and 29.5mt of finished steel to retain its position asthe tenth largest producerofsteel in the world. The growth has been mainly dueto the addition ofcapacity in the private sector. Table 1: Productiontrends ('000 t) Pig iron Sponge Crude Finished iron steel steel 1996-97 3346 5009 24415 22743 1997-98 3416 5345 23480 23576 1998-99 3060 5180 24296 23887 1999-00 3193 5340 26924 27131 2000-01 3398 5481 26500 29529 2001-02 * 1351 2915 N.A 19670 *Apr- Sep 01 for secondarysector (exceptfinished steel) Source: JPC/India Infoline 

### Table

### 2: Demand- Supplyscenario ('000 t) 1996-97 1997-98 1998-99 1999-00 2000-01 Production 22743 23576 23887 27131 29529 Imports 1565 1588 1132 1600 1433 Exports 1687 1882 1787 2670 2911 Apparent consumption 22621 23282 23232 26061 28051 Surplus/ (Deficit) %chg in production 2.9% -0.2% 12.2% 7.6% %chg in consumption 3.7% 1.3% 13.6% 8.8% Source: India Infoline 

### Consumption Steel consumption has been steadily growing in the country. The main areas ofconsumption are engineering goods and applications, construction, automobiles and consumerdurables. Table2: Product-wisefinished steel consumption ('000 t) 1996-97 1997-98 1998-99 1999-00 2000-01 %CAGR Pig iron 2910 2637 2782 2910 3177 2.2% Bars & rods 7619 7588 7756 8407 9268 5.0% Plates 1622 1572 1602 1392 1833 3.1% 

## http://www.indiainfoline.com/sect/stee/ch03.html Sat, 17-Jan-2004 12:52:13 1ST (GMT+5:30)



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## Steel HRC 4865 5109 5070 6446 7116 10.0% CRC 3071 3410 3319 4057 4196 8.1% GP/GC 951 1017 1045 1186 1107 3.9% Source:JPC/India Infoline 

### Price trends The pricetrend in the Indian markets has been afunction of:
1& 

### Domestic demand-supply scenario
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### International prices With domesticdemand being weak and international prices touching twenty-year lows, the price ofsteel products in the country has also been weak. Globally it is expected that prices will likely rally dueto:
CII 

### Low base oftwenty year lows and the sharp decline during 2001
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### Economic recovery in USAand Europe on the back ofeconomic stimulus package and easy liquidity
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### Initial talks between steel producing nations to cut back on steel production capacity Any rally in prices will likely result in marginal hardening of prices in India as well. Previous Chapter Next Chapter 

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## 8/8/2005