SBB & FICCI Insternational Steel Forum 2011

For the first time the Federation of Indian Chambers of Commerce and Industry (FICCI) and Steel Business Briefing (SBB) join forces to bring global steel market perspective to India. India is expected to show strong growth in steel use in the coming years due to its strong domestic economy, massive infrastructure needs and expansion of industrial production. According to WSA, in 2011, India’s steel consumption is forecast to grow by 13.3% to reach 68.7 mmt. In 2012, the growth rate is forecast to accelerate further to 14.3%. Steel market in India witnessed a growth of 100% in the last decade.

The relentless growth of Indian construction and automotive sector has fuelled the massive demand for steel from the domestic and international players. The top three Indian importers, China, Japan and Korea, continue to fulfil the domestic shortfall. India’s net import position of almost 3 million tonnes per-annum exposes it to the global market dynamics of price and other factors. What are the main factors to weigh on the India steel market, how will Chinese growth impact India's insatiable demand for steel and what are the consequences of Japanese consolidation if it were to take place on the Indian import demand. And what are some of the risk management tools India can adopt if it were to avoid the pitfalls of global steel and steel related raw materials price volatility.