OVERVIEW OF THE SECTOR METALLURGY & MINING

Statistics, news & updates: everything you need to know about the Metallurgy & Mining Industry in India

Metallurgy & Mining Industry India
  • Summary
  • Industry Clusters
  • Growth Drivers
  • Key Players
  • Market Stats

Summary

The increasing demand for infrastructure projects, its renovation and automotives has also affected India’s Metallurgy Industry growth. But the industry is not only supplying raw materials to these two sectors, it is widely inter-related with several industries as material provider, whereas Mining is the backbone for providing raw materials to a lot of industries as well. India is in a good strategic location for exports to developed as well as emerging Asian markets. The growth of machinery in this sector is directly interlinked with the growth of India’s economy, and indirectly linked with infrastructure growth. Most international machinery technology leaders already have or are planning to set up their own manufacturing facilities in India. The comparatively low per-capita consumption of steel and an increasing demand for minerals and metals leaves room for entering or expanding business in these sectors. With the growth in the Metallurgy & Mining Industries, the demand for innovative and effective machinery and equipment is increasing as the technology barriers in India are still high.

Please see our latest Metallurgy & Mining Industry Newsletter here!

Map- Industry Clusters

Map- Industry Clusters - Metallurgy & Mining

Growth Drivers

  • 100% FDI allowed into Mining under the automatic route
  • India is the 3rd largest coal producer worldwide and possesses large coal reserves
  • Governmental target of a steel production of 300 Million tons for 2025

Key Players in India

International

  • NSL Consolidated, BHP Billiton, Rio Tinto, Vedanta Resources, JFE Steel Corp., China Steel Corp., John Deere, Joy Global, Caterpillar Corp., JCB, Terex Corp., Vectra, Uralmash

National

  • Tata Steel, Steel Authority of India, NMDC Ltd., JSW Steel, Accurex Steel Rolling Mills, SRB International, BEML, Larsen&Toubro

Market Stats

  • 1878 operational mines in FY2016
  • Steel imports of 11.21 Million tons in 2016
  • Total domestic steel demand projection for FY2017 is 113.3 Million tons
  • Iron and steel exports grew at a CAGR of 3.4% from 2010-2016
  • Consumption of finished steel grew to 77 Million tons in FY2016
  • By 2025, Mining in India could contribute an additional $ 45.3 billon to the GDP
  • India produces 88 minerals: 4 fuel-related, 24 minor minerals, 10 metallic and 50 non-metallic