The market is dominated by domestic suppliers, as imports account for 17.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 95.5% of total demand in 2022. India has the third largest market size for basic iron and steel regionally, with demand reaching USD141 billion in 2022. Tata Steel Ltd is the largest company in India, generating 13.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 47.6% of total production value in 2022. The total number of companies decreases in 2022, to 777,816 units. The costs of the industry increase by 2.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 0.8% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 14.3% of total production output. With production value of USD137 billion, India accounts for 7.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in India: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in India: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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