Economics of the Indian Steel Industry at Meripustak

Economics of the Indian Steel Industry

Books from same Author: Susmita Dasgupta

Books from same Publisher: Taylor and Francis Ltd

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  • General Information  
    Author(s)Susmita Dasgupta
    PublisherTaylor and Francis Ltd
    ISBN9781138739888
    Pages152
    BindingHardcover
    LanguageEnglish
    Publish YearJuly 2017

    Description

    Taylor and Francis Ltd Economics of the Indian Steel Industry by Susmita Dasgupta

    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.show more