"India Metals Report Q2 2013" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon May 06 2013


BMI View: We expect India to become a major consumer of metals over the coming years as the government makes pertinent efforts to remove bottlenecks that are delaying infrastructure projects in the country. The growing affluence of Indian consumers will spur spending on housing and white goods, making India the key driver in steel demand after China in the years ahead.

India's Affluent To Drive Consumption Growth

We expect India to become a major consumer of metals over the coming years as the government makes pertinent efforts to remove bottlenecks that are delaying infrastructure projects in the country. The growing affluence of Indian consumers will spur spending on housing and white goods, making India the key driver in steel demand after China in the years ahead. Although the ongoing ban on iron ore mining in Goa and Karnataka will affect domestic steelmakers by constricting raw materials supply, we believe this is unlikely to have a considerable impact on steel production. We expect an increasing number of Indian steel companies to import iron ore from countries such as Australia and China, where a large number of iron ore projects are expected to come on stream this year.

Full Report Details at
- http://www.fastmr.com/prod/584524_india_metals_report_q2_2013.aspx?afid=303

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