Economics of the Indian Steel Industry - Susmita Dasgupta

Economics of the Indian Steel Industry

Buch | Softcover
152 Seiten
2019
Routledge (Verlag)
978-0-367-88854-1 (ISBN)
49,85 inkl. MwSt
The aim of this book is to reveal, through data and the use of simple economic concepts, the mistakes that abound in the discourses surrounding the steel industry. Its main objective is to dispel, through analysis of the officially published data, the many myths that are perpetuated by the policy makers and even the industry in or
Steel is the foundational material of modern civilization and constitutes the core of industry, and yet, it is overproduced across the world. This supply glut is reducing margins and turning steel into a sunset industry. Steel consumes as much as four times the amount of raw materials as its produced volume, and the sheer bulk of the steel makes it costly to transport. Because of this, countries prefer to make their own rather than to source it across land and sea.



The Indian steel industry has grown from being the tenth largest steel producer in the world in 1991 to emerging as the second largest, after China. This book aims to reveal, through data and the use of simple economic concepts, the mistakes that abound in the discourses surrounding the steel industry. Its main objective is to dispel the many myths that are perpetuated by policy makers and the industry in order to benefit a small coterie of large firms, and discusses how through such favours the Indian steel industry is set to lose out in terms of margins, products and growth in technology. It covers the unique role of the Indian state in the development of the broad base of steel production, and observes the change in the direction in policy, which reverses the economic equality of the past and promotes collusion among oligopolies leading to overexpansion in capacities.

Economics of the Indian Steel Industry will be of interest to students of industrial economics and corporate strategy, as well as financial managers and policy makers.

Susmita Dasgupta is a policy economist and a sociologist of popular culture. She has worked with the Joint Plant Committee, Ministry of Steel for the past thirty years and is among the busiest speakers at steel conferences in India.

List of Tables



List of Figures



Acknowledgements



Introduction










Issues Facing The Steel Industry







Parameters of Steel Policy in India







Excess Capacity and Production of Steel in the World







Over Capacity in the Indian Steel Industry







Producers and Product Mix







Who To Promote, The Integrated Mills Or Electric Furnaces?







The Failure of Demand of Steel in India







The Myth of the S Curve







The Metallics Balance of Steel







Bad Loans of The Steel Industry: What Do The NPAs Really Tell?







Technologies For Making Steel







The Cost of Steel







The Price of Steel







Profits From Steel







The Steel Trade of India






Conclusion: Summary of Arguments

Index

Erscheinungsdatum
Reihe/Serie Routledge Studies in the Economics of Business and Industry
Verlagsort London
Sprache englisch
Maße 156 x 234 mm
Gewicht 453 g
Themenwelt Technik
Wirtschaft Betriebswirtschaft / Management Rechnungswesen / Bilanzen
Wirtschaft Volkswirtschaftslehre
ISBN-10 0-367-88854-8 / 0367888548
ISBN-13 978-0-367-88854-1 / 9780367888541
Zustand Neuware
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