Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars...
Transcript of Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars...
![Page 1: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/1.jpg)
Growth of Stainless Steel Industry & Its End Use Transformation in India
N C Mathur
President
Indian Stainless Steel Development Association
Indian Institute of Metals
“Stainless Steel/Alloy Special Steels and Super Alloys
2nd April 2016
New Delhi.
![Page 2: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/2.jpg)
Global Stainless Steel Industry Overview
Analysis of Indian Stainless Steel Industry
Stainless Steel End Use
Global & Indian Economy
Conclusion
OUTLINE
![Page 3: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/3.jpg)
Global Stainless Steel Industry Overview
![Page 4: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/4.jpg)
World Stainless Steel Melt Production
41.6 MT
Source : ISSF
Source : Stainless Steel in Figures 2015 by ISSF
![Page 5: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/5.jpg)
Source : ISSF
![Page 6: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/6.jpg)
Source : ISSF
![Page 7: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/7.jpg)
World Stainless Steel Melt Production- Year 2015 (‘000 tons)
Mil
lio
n t
on
s
Source : ISSF
0
1,000
2,000
3,000
4,000
5,000
6,000
WesternEurope/Africa
Central +EasternEurope
The Americas Asia w/oChina
China
Q1
Q2
Q3
![Page 8: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/8.jpg)
Analysis of Indian Stainless Steel Industry
![Page 9: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/9.jpg)
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Stainless Steel Melt Production (tons) : India
Source : ISSDA
![Page 10: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/10.jpg)
0
1,00,000
2,00,000
3,00,000
4,00,000
5,00,000
6,00,000
7,00,000
8,00,000
Q1 Q2 Q3
3,97,600 4,25,656 4,20,134
2,27,7082,39,259 2,41,124
95,38388,649 1,00,908
400 series
300 series
200 series
Stainless Steel Melt Production Year 2015 : Grade-wise (tons)
![Page 11: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/11.jpg)
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
2010 2011 2012 2013 2014 2015(April -Nov)
Total Stainless steel import (in Mt)
E
![Page 12: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/12.jpg)
Growth in Exports (Long + Flat), ‘000 tons
Source : JPC Market Survery Report, Ministry of Steel, GOI
![Page 13: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/13.jpg)
Millio
n t
on
s
Year
India : Forecast Stainless Steel Melt Production
New GovernmentOptimistic Growth Rates
Source : JPC Market Survery Report, Ministry of Steel, GOI
![Page 14: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/14.jpg)
0
0.5
1
1.5
2
2.5
3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Stainless Steel Apparent Use – India in 000 tonnes
Source : ISSDASource : JPC Market Survery Report, Ministry of Steel, GOI
Millio
n t
on
s
![Page 15: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/15.jpg)
India : Forecast Apparent Consumption of Stainless Steel
Factors (+ve)
- Stable Government -
Robust GDP
- Rapid Urbanization -
Infrastructure Growth
- Rapid
Industrialization
- Per capita need
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
2013 2014 2015 2016 2017 2018 2019 2020
Mil
lio
n T
on
s
Source : JPC Market Survery Report, Ministry of Steel, GOI
![Page 16: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/16.jpg)
• Jointly work with Industry to develop new application areas – example – Railways etcMarket Development
• Handle Queries • Offer solutions
Free Technical help
• Workshops & Training for various end user segment • For fabricators , Students at technical colleges• Publications in magazines
Educational Programmes
• Support Industry• Bridge between Industry and Government
Involvement with Government of India
• Work with Bureau of Indian Standards in formulation and revision of standards for stainless steel and its productsStandardization
• Help users in sourcing material or productsSourcing Material
• Global Unifying point • Learn from each other on market development activities
Coordination with ISSF & other SSDA’s around the world
Role of Stainless Steel Development Association
![Page 17: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/17.jpg)
Stainless Steel End Use
![Page 18: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/18.jpg)
14%
33%39%
13%
1%
9%
27%
52%
7% 5%
Stainless Steel End-Use : World - India
ART
Process Industry &Engneering
Metal Products
ABC
Others
WORLD
INDIA
World average - 6 KgDeveloped Economy above - 10 KgIndia - 1.9 Kg
![Page 19: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/19.jpg)
Rajdhani
Shatabdi
Double Decker
Paintless Coaches -New
EMU
Duranto
EMU
Indian Railways will
remain a growth driver
power cars to provide electricity inside the coaches
ICF ChennaiRCF KapurthalaRCF Rae Bareli
All long distance passenger cars to be converted into stainless steel in a phased manner
Stainless steel type LHB German design coaches offers better speed, space and safety
Global tender for setting up - Rail coach factory (RCF) at Kanchraparain West Bengal.
To manufacture and supply 500 electric multiple units (EMUs), mainline EMUs and metro coaches every year over a 10-year period.
ICF : 360 SS EMU coaches for Mumbai suburban network
![Page 20: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/20.jpg)
Rail Coach Interiors: Innovation, Safety, Comfort
Upper berths will come with newly
designed ladders Dustbins in all 60,000 coaches soon
National Institute of Fashion Technology and National
Institute of Design are in the process to design of the
coach interiors.
Vacuum
Toilets
Bio
Digesters
![Page 21: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/21.jpg)
• Stainless Steel Wagons –BCNHL, BOXNHL & others
• BCNHL – Goes back to High Strength Steel
• BOXNHL – Working Well
• ISSDA and Members helping RDSO & Railways workshops to solve maintenance related & other issues
Indian Railways : Wagons -
Dedicated Freight Corridor will increase the demands for wagons by many fold
Wider rails – More tare weight – Bigger Wagons – Stainless Steels
FREIGHT CARS
![Page 22: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/22.jpg)
FREIGHT CARS
85 per cent of land required for the project
has been acquired
The 56-km stretch Operational Before December 2015
DFCC will divert 70 per cent of the one-
billion tonne freight traffic from Indian
Railways
Increase in Wagon requirements
![Page 23: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/23.jpg)
Indian railways move more than 23 million passengers in a day and maintenance
of passenger facilities and amenities has always been a big challenge
400 railways stations in metros and major cities to be redeveloped
Stainless Steel to be used in hand rails, ticketing counters, dividers,
bollards, claddings , elevators, escalators, dust bins, vending
machines (ticket, water) , Gates & Grills, chairs, signage boards etc
Potential to be used in roofing’s including rain water harvesting,
Structural usage, water storage tanks, sanitation facilities, Vendor
facilities etc
![Page 24: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/24.jpg)
• Food Kiosk –Single Vendor, Outlets & Others
• Serving area, Chairs, tables
ISSDA to promote - In all Food Contact Items at Railway Stations
En
d -U
se
Model Railway Stations
![Page 25: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/25.jpg)
All Kitchen services for food preparation for
Indian Railways – Stainless Steel
Image Courtesy : [email protected]
![Page 26: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/26.jpg)
Metro Rail
COACHES –
Stainless Steel a
success already
16 cities gearing up
for Metro rail
STATION AREA –
Inside , Outside
![Page 27: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/27.jpg)
Water and Stainless Steels are made for each other.
Maintains purity of water
Unpainted, Hygienic and Easy to clean
Stainless Steel for Water Tanker
![Page 28: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/28.jpg)
Stainless Steel for BUS BodyISSDA and its member companies Promoting use of stainless
steel for BUS body
Stainless Steel for exhaust systemsAutomotive Mission PlanAMP 2016-26 to roll out soon
BS V emission norms to be adopted by 2019; BS VI emission norms to be implemented by 2023 for passenger vehicle
Increase in
Demand
![Page 29: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/29.jpg)
14%
33%39%
13%
1%9%
27%52%
7% 5%
Stainless Steel End-Use
ART
Process Industry &Engneering
Metal Products
ABC
Others
WOR
INDIA
World average - 6 KgDeveloped Economy above - 10 KgIndia - 1.9 Kg
![Page 30: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/30.jpg)
Metal Goods
![Page 31: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/31.jpg)
ABC – Huge Potential
En
d -U
se
Hand Rails, Building Interiors Furniture's , Sinks , Builders Hardware, Escalators & Lifts, Gates etc on high demand
Roofing, Plumbing, Cladding, Wall panels, windows on rise
Reinforcement Bars, Facades and use of colored stainless steel started but more promotion is required.
New Innovative uses on rise
![Page 32: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/32.jpg)
No Painting
Higher Strength
Vandalism Proof design
Cleanliness & Maintenance minimal
Can be used in combination with Wood
Focus on
promotion
of new
designs,
surface
finishes
![Page 33: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/33.jpg)
Facades, Claddings and Wall column claddings for Aesthetics , Long Life and Security
Promotion linked to green building concept
![Page 34: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/34.jpg)
Roofing in SS @ AIRPORTS, STATIONS
Roofing
Promotion based on Case Studies
![Page 35: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/35.jpg)
Lighter , Stronger , Long Life
Promoting the use of of Stainless Steel Hollow sections for structures
![Page 36: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/36.jpg)
Promoting Plumbing in Stainless Steel
Ce
ntr
al
Pu
bli
c W
ork
s D
ep
art
me
nt
IIT D
elh
iHospitals & Hotel
Industry
Case Studies : Life Cycle
Cost & Project Cost
Water Supply Pipelines : in stainless steel
![Page 37: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/37.jpg)
Overhead Water storage tanks : Quality Product – ISI mark
• Hygienic – Water remains in its
natural form and microbiological safe
• Reduces risk of water borne disease
• Compact and aesthetic design
• No algae/fungus formation
• Value for money for years
• Easy to clean and practically
maintenance free
• Total drain out provision provided at
bottom of tank for easy cleaning.
![Page 38: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/38.jpg)
Public Sanitation facilities in Stainless Steel
A National level campaign by the Government of India covering 4041 statutory towns to clean the streets, roads and infrastructure of the country
A vision of 'cleaner India' by 2 October
2019, 150th birthday of Mahatma
Gandhi and is expected to cost over
62000 Cr (US$10 billion)
Campaign Clean India
![Page 39: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/39.jpg)
Zoo
Chenn
ai
![Page 40: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/40.jpg)
The Big Boost --
Creation of 100 smart
cities
• 24x7 availability of high quality utility services like water and power
• Transport system that emphasizes on public transport
• Proper facilities for entertainment and the Safety and Security of the people
• State-of-the-art Health and Education facilities
• Recycling of waste materials, Water conservation
Source : ENN
![Page 41: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/41.jpg)
Airport Authority of India
200 Low-cost airports in next
20 yearsChallenge for stainless
industry to offer low cost
solutions
Expansion of High Flier
Density Airports Challenge for stainless industry to
introduce new application areas such as
stainless steel roofings and structural
Innovation – Show additional benefits
such as rain water harvesting, solar
compatability etc
![Page 42: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/42.jpg)
Process Industry , Power and Engineering –
High Potential for quality grade consumption
Pulp and Paper Industry
Oil and Gas , Petrochemical Industry
Dairy Industry
Food Processing Industry
![Page 43: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/43.jpg)
Global & Indian Economy
![Page 44: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/44.jpg)
Source : Economic Survey 2015-16
*Moody's says India less exposed to external factors
IND
IA
![Page 45: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/45.jpg)
Comparison Of Real GDP of BRICS Countries
-6
-4
-2
0
2
4
6
8
10
Brazil Russia India China South Africa
Perc
en
t G
DP
![Page 46: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/46.jpg)
Big Spend on INFRASTRUCTURE
Allocates 2.21 trillion rupees (31 billion $) for infrastructure development for 2016/17, up 22.5 percent on last year
Allocation for roads and highways development at 550 billion rupees (8 billion $)
Capital expenditure on roads and rail development at 2.18 trillion rupees (32 billion $)
![Page 47: Indian Institute of Metals - IIM · RCF Kapurthala RCF Rae Bareli All long distance passenger cars to be converted into stainless steel in a phased manner Stainless steel type LHB](https://reader031.fdocuments.in/reader031/viewer/2022020306/5e20e27470e0484a00009da5/html5/thumbnails/47.jpg)
Conclusion
1. India is likely to have highest GDP growth among large economy
2.stainless steel demand likely to grow by 8-10 % each year in next 2-3 year.
3.Government program’s of Smart City,
Infrastructure spending and Make
in India are positive for Stainless demand
4. Low per capita use sign of future growth