Opportunity in Steel Industry in India
India has emerged as the 3rd largest exporter of iron ore behind Brazil and Australia.
India stands in top 10 countries in producing steel in the world. But its global trade only accounts for only2% of the global steel trade.
Increase in demand of steel in urban infrastructure, automobile industries and white goods industries
Indian steel industry has the plan of additional capacity of 75 Million tons by 2020 that requires the movement of an additional 300 Millions of raw material and an additional project logistics of 2 million tons.
Major sea ports accounted for traffic of steel & iron ore cargo are JNPT, Mumbai, Vizag, Chennai, Mangalore, Haldia, Kolkata, Gangavaram etc.