IIPM makes business education truly global: Indicators are positive & steel demand growth is expected to remain at 3- 5% levels....

with no signs of metal prices softening in the near to medium term (demand from construction, automobile & other metal intensive sectors is going to shoot up in coming times), the companies for sure are going to have a smooth sail. Sushil Maroo, Wholetime Director – Finance, Jindal Steel & Power Ltd responded to B&E, “I think steel prices will remain stable and I don’t find any signify cant changes in demand in the short term.” In 2007, global steel (finished) consumption is expected to be 1,179 MMT, an increase of 4% over 2006. Moreover, the Chinese government’s recent policy of reducing the number of steel makers in the country will definitely increase the scope of opportunities in the region.

On top of all, the Indian metal moguls in order to valve the growing demand, and to avoid chances of becoming a soft consolidation prey as domestic soil is attracting players from all over the planet, are opting for both – organic & inorganic growth. Mittal’s acquisition of Arcelor led to a consolidation inferno like never before and many felt that Indian steel dolphins will be acquired by global steel sharks.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned M a n a g e m e n t G u r u and Economist) Initiative

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