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India’s Steel Industry

Author

Listed:
  • Markus Hyvonen

    (Reserve Bank of Australia)

  • Sean Langcake

    (Reserve Bank of Australia)

Abstract

Indian steel production has grown strongly in recent decades and India is now the world’s fourth largest steel producer. Nevertheless, India’s consumption of steel relative to the size of its economy is very low by international standards. As the economy develops further, steel consumption is likely to increase. Indeed, Indian steelmakers have plans to expand capacity substantially in order to meet the anticipated increase in demand. While India has relatively large reserves of iron ore, its steelmakers import most of the coking coal they require. As Australia is a major supplier of coking coal to India, these exports from Australia are likely to expand further.

Suggested Citation

  • Markus Hyvonen & Sean Langcake, 2012. "India’s Steel Industry," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 29-35, March.
    • Handle: RePEc:rba:rbabul:mar2012-04
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2012y/mar/pdf/bu-0312-4.pdf
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    Cited by:

    1. Nahar, Gaurav & Rajput, Shailendrasingh & Grasham, Oliver & Dalvi, Vishwanath Haily & Dupont, Valerie & Ross, Andrew B. & Pandit, Aniruddha B., 2022. "Technoeconomic analysis of biogas production using simple and effective mechanistic model calibrated with biomethanation potential experiments of water lettuce (pistia stratiotes) inoculated by buffal," Energy, Elsevier, vol. 244(PB).
    2. Chi, Junwook & Cheng, Seu Keow, 2016. "Do exchange rate volatility and income affect Australia’s maritime export flows to Asia?," Transport Policy, Elsevier, vol. 47(C), pages 13-21.

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