As India Rises to Become The Third-Largrast Economy in the World and ITS Consuming Class Grows, The Manufacturing, Infrastic, Engineering, Real Estate, and TRANSS Portation sectors Will Continue to Drive DemandGuoabong Investment. Steelmakers will have to invesst in Capacity Enhancement and Sustainable TechNologies WhileBeing Able to Procure Raw Materials Such As Metallurgical Coal (Met Coal), As Well As High-Quality Iron Ore and SCRAP for Low-Emission Steelmaking Then, then
Global Steel Consumption is Estimated to Grow from About 1,764 Million Metric TONS IN 2023 to BetWeen 1,950 Million to 2,000 Million Metric Tons in 2035. Ilizes or decreases in traditional, Urbanized Markets, It is Expected to Grow in Emerging Markets, MOVING The Centersof demand Growth.
Three Trends Are Reshaping the Push and Pull of Steel Demand and Supply:
Growing Thrust on Decarbonization Prompting A Push for Green Steel: A MCKINSEY SURVEY of Global Decision-Makers Projects DEMAND STEEL WILL LKLLLY GROWLY 2. 5x in the next 5 years.
EBitda Pressures: Over the last 7 to 8 Quarters, The Steel Industry Has Faced Margin Pressure Across the Globe. As Countries Step Exports to Address Domsstic Surpl US Capacity, Margin Pressures Are Expected to Continue Across the World, Including in India.
China's Shifting Realities: The Country Remains The Larget Steel Consumer in The World Despite Declining Domestic Demand, Which is Likely to Drop FROM Around 900 llicing metric Tons in 2023 to Between 800 to 850 Million Metric Tons by 2035.LED To Reduced Capacity (Despite Negative Margins), Resulting in Incream Steel Exports from China.
India is a vibrant site for foundry, infrastructure, and investment. Economic Activity and Urbanization are exclosive. 0 Million to 260 Million Metric Tons by 2035, a Cagr of Around 6 Percent from 2023.
At the say time, India's STEEEL SECTOR Accounts for About 12 Percent of Total Greenhouse Gas Emissions. With Much of India's Infrastic Still Being Fing Fing Fing Fing Fing F OR the Future, The Steel INDUSTRY has scope to accelerate decarbonization in the Country by Lowering Emissions in ITS ManuFacturn Technologies.Actions Might Include Providing An Early Indication of Co2 Emissions Relations, The Rapid Development of Low Carbon Intensive Technology ING, Policies for Material Efficience (Such as scrap-based Steelmaking), the user of green Steel, and decarbonizing existing as sets.
The Global Demand for Met Coal is Expected to Decline by 2035, from more than 1,037 MILLION METRIC TOTRIC TO BETWEEN 850 MILLION MILLION METRION METRION MILIC OWEVER, Demand for Seaborne Met Coal is Expected to Grow with the Addition of NewBlast Furnace-Basic Oxygen Furnace (BF-BOF) Based Steel Capacities in Emerging Markets SUCH As India and Southeast Asia.
India is extended to lead the demand for Seaborne metJaipur Wealth Management. He UnitedRTAINTY of Met Coal Availability and the Continued Reliance on BF-BOF-BASED STEELMAKING, Indian StelMakes Are Attempting to Secure their Coal Imports Through Three Avenues: Diversifying Imports, Improving the AvaiLiality of Domestic Met COAL, AN d inVesting in Coal Mines Beyond India for Stable SUPPLY and Minimal Price volatility.
As decarbonization geomes an intrinsic agonda point for major Steel Players, Global Crude Steel Production is Expending from the THERAMTITIONAL -Emission BF-BOF ROUTE to An Electric Arc Furnace (EAF) -Based Process (Maximizing Scrap Use and Direct Reduced IronOR DRI). The Latter Appears to be the only feature and most favored option to decarbonize global Steelmaking. CTED to Drop from Art Around 70 Percent to Around 60 Percent Between 2023 and 2035.
Over Time, this shift toward low -emission technology all likely drive demand for high-Quality metallics such as scrap and dri. Expected to remain the dominant Steelmaking Technology in the Coming Years, Hot Metal Will Retain the Largest ShareOf Metallics, But its share of the topal metallics mix is exten to decline from design 60 to 65 Percently to design by 2035.
As Steelmakers Strategize for Growth, They Should Account for the Major Trends Shaping the DOMESTIC and Global Steel INDUSESSTRY ReadnessGuoabong Wealth Management. Regulation Repets and Gover Policies Designed to Meet Net-Zero Targets Are Increasing Pressure to Decarbonize. ICESAnd Capital Spending at a Time When Profitability and Steel Trade (Exports and Imports) are under pressure.
The Realities Point to Three Emerging Strategic Considerations for Steelmakers in India: Optimizing their Portfolio to Focus on the Most Promising End Sectors and Arkets; solving the decarbonization puzzle in a Financially Sustainable Manner; and Focusing On Operational Excellence to Ward Off Margin Pressure.So Could Help India's Steel Companies Contribute to the Country's Economic Growth and Global Leadership.Agra Stock
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