• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60


Extracts from this document...


A PROJECT REPORT ON RESEARCH METHODOLOGY ON GLOBAL STEEL INDUSTRY DEVELOPMENT SUBMITTED BY: SAGAR REDKER MMS-I ROLL NO: 44 SMT.K.G.MITTAL INSTITUTE OF MANAGEMENT I.T & RESEARCH MUMBAI UNIVERSITY 2008-2010 Acknowledgement To make all task of great worth require contribution from many people and this project is also not exception to that. I am thankful to Dr.C.V.Joshi, Director of Smt.K.G.Mittal Institute Of management, I.T & Research, Mumbai for allowing me permission to perform this project. The last but not the least, I would like to pay my thanks to my parents without who's support and inspiration it was really hard task for me. I wish to express my gratitude to those who may have contributed to this work, even though anonymously. I am thankful to all those whose name are mentioned above and even to those whose names need not be mentioned. GLOBAL STEEL INDUSTRY DEVELOPMENT & GOVERNMENT SUPPORT FOR THE CHINESE AND INDIAN (STEEL INDUSTRIES: THE PERILS OF OVEREXPANSION) OVERVIEW OF IRON AND STEEL INDUSTRY Introduction Steel is crucial to the development of any modern economy and is considered to be the backbone of human civilisation. The level of per capita consumption of steel is treated as an important index of the level of socioeconomic development and living standards of the people in any country. It is a product of a large and technologically complex industry having strong forward and backward linkages in terms of material flows and income generation. All major industrial economies are characterised by the existence of a strong steel industry and the growth of many of these economies has been largely shaped by the strength of their steel industries in their initial stages of development. Steel industry was in the vanguard in the liberalisation of the industrial sector and has made rapid strides since then. The new green-field plants represent the latest in technology. Output has increased, the industry has moved up in the value chain and exports have risen consequent to a greater integration with the global economy. ...read more.


with commercial considerations; � Conversion of debt-to-equity in steel companies; � Debt forgiveness and inaction regarding nonperforming loans; � Preferential loans and directed credit, including "policy loans" to favored state-owned enterprises on noncommercial terms; and � Currency manipulation. The Chinese government's steel policy explicitly calls for continued support for the expansion and modernization of the steel industry. Projects either under construction or in the planning stage would add another 150 million tons of capacity. At the same time, the Chinese government apparently realizes that the industry in China already has excess capacity, as it is planning to close 55 million tons of capacity in older, smaller mills. The Indian government owns the largest steel producer in India, and provides benefits to all producers through a number of programs, including a broad variety of export incentives and controls over raw material prices. The Indian government plans for Indian steel capacity to more than double by 2019, and intends to assist the process by providing the Indian industry with still further export incentives, and even buyback provisions. Individual states, especially Orissa, have extremely ambitious plans to leverage government support into an enormously expanded industry. The construction of excess capacity in China and India will cost both countries billions of dollars in scarce capital. Overexpansion of the Chinese steel industry has already had negative effects on producers in the rest of the world; overexpansion of the Indian industry will only exacerbate the situation. Steel producers in both the developed and developing countries, including Brazil, have expressed concern over the building of excess capacity in these countries. Elimination of state support for the steel industry by China, India, and all other developing and developed countries is likely to limit excess capacity, and is more likely to result in a stable and healthy global steel industry. GOVERNMENT SUPPORT FOR THE STEEL INDUSTRY IN CHINA AND INDIA INTRODUCTION This paper has been prepared by the trade associations representing the vast majority of steel production in North America, including the American ...read more.


CONCLUSION Between the 1950s and the 1970s, the developed economies built capacity far in excess of demand, largely as the result of government intervention and government subsidies. After their governments decided to allow the market to decide the industry's size, such countries as the United Kingdom and France took significant amounts of capacity out of production. Contraction was not restricted to countries where the government actively intervened in the steel industry, however; largely in response to global overcapacity caused by subsidies, the U.S. steel industry was also forced to reduced capacity, even though the industry had operated with little government support or intervention. It now appears that China may have repeated the mistake of building too much capacity too fast, and India may be on the verge of doing so. In both cases, the creation of excess capacity has been encouraged by government policies and actions. Construction of excess capacity in China and India will have adverse consequences for steel producers and steel consumers worldwide. It will also deprive these countries of valuable investment funds that they could apply to other, more productive uses. The Indian and Chinese governments and industries should work with their colleagues in the rest of the world to avoid these consequences, and to ensure that their steel industries develop in a manner that is economically sustainable and that brings the maximum benefit to their economies and those of their trading partners around the world. MARVARI VIDYALAYA SANCHALIT (Approved by Govt. of Maharashtra and AICTE, New Delhi) Affiliated to UNIVERSITY OF MUMBAI ______________________________________________________________________________ Bhandarwada, Malad-(west), Mumbai-400 064. Tel.: 28831674 / 28831787 Ref. No.______________ Date: CERTIFICATE This is to certify that Mr.SAGAR REDKER , Roll no.44 have submitted this project report entitled "GLOBAL STEEL INDUSTRY DEVELOPMENT" in fulfillment of the requirements for the II-semester of M.M.S. (Master of Management Studies) course during the academic year 2008-2010. Teacher I/C/Guide Director Signature (Intern Examiner) Date: ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Marketing & Research section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Marketing & Research essays

  1. Jollibee Foods Coporation case study. there are some alternative strategies that JFC can ...

    which can be: new distribution channels, differential pricing policies, different package sizes for products, and marketing activities. JFC needs new distribution channels to attract new customers, differential pricing policies to attract different types of customer and create new market segments, different package size for food such as family meals (e.g.

  2. Production. Production function is the part of organisation which is concerned with production i.e. ...

    There are two main kinds of goods: Consumer goods - e.g. washing machines, DVD players. As the name implies, these are used by consumers Industrial / capital goods - e.g. plant and machinery, complex information systems. Industrial and capital goods are used by businesses themselves during the production process.

  1. business planning unit 8

    Overall the price of Galaxo for starting will be 35p; in comparison with Cadbury there plain milk chocolate is priced at 40p. This shows that Galaxo is 5p cheaper compared to Cadburys, therefore customers would want to purchase Galaxo since it's cheaper.

  2. Explain the special characteristics of agricultural markets.

    And in doing all of this, participating in the overall economic growth. The main policies of the CAP are buffer stocks and subsidies for guaranteed prices. Buffer stocks are put in place to try and save excess supply from minimum and maximum prices and use in time of a bad harvest.


    For example if the manager of Coca Cola Enterprises wants to see the financial documents for Coca Cola Enterprises then he would ask his accountant that handles all of the financial documents and can see what is happening with Coca Cola Enterprises' money.

  2. Marketing Aims and Objectives - with examples from major companies.

    Also if Toys 'r' us released a new action figure but it broke and fell apart within the first 2 weeks, customers will be unsatisfied because of the quality of the item and Toys 'r' us' high reputation will plummet.

  1. Mcdonalds. For this unit I will need to produce a portfolio of work investigating ...

    As well as adults kids are also becoming more demanding. As the population is growing and changing, people do prefer taking good care of their health. They do this by having meals that are healthy and those that would benefit them by giving them a healthy lifestyle.

  2. Mcdonalds India. Porters Five Forces Model and Consumer Behaviour Analysis

    ________________ Opportunities: 1. With increase of disposable incomes of mid-income families, McDonald?s can gain from introduction of restaurants in Tier-2 and Tier-3 cities as here people would like to dine out but certainly look for a cheaper option. 2. McDonald?s can introduce a new range of healthier products, to capture the segment of health conscious customers.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work