What is the per capita consumption of steel in India?

74.1 kg
The per capita consumption of India in 2018-19 is revised to 74.1 kg and that in 2019-20 was 74.6(prov) (Source: JPC). The Indian steel industry has entered into a new development stage, post de-regulation, riding high on the resurgent economy and rising demand for steel.

What is per capita steel consumption?

The per capita consumption of steel has increased from 57.6 kgs to 74.1 kgs during the last five years. The government has a fixed objective of increasing rural consumption of steel from the current 19.6 kg/per capita to 38 kg/per capita by 2030-31.

What is the per capita consumption of stainless steels in India?

2.5 kg
Kolkata: India’s per capita consumption of stainless steel touched a new peak of 2.5 kg in 2019, against 1.2 kg per capita in 2010, registering a 100 per cent growth in barely eight years.

Why steel prices are increasing in India?

India’s leading steel makers have raised prices of the benchmark hot-rolled coil by up to Rs 3,500 a tonne on the back of rising cost inflation due to soaring coal prices. “This was an expected move by the Industry. The cost inflation is too high. NSE -7.12 \% have raised prices by around Rs 3,000 – Rs 3,500 a tonne.

Why is per capita consumption?

Per capita consumption is the yearly use of goods and services by each person, derived by dividing the quantity of goods and services used by the total population. This variable serves as a direct measure of personal economic well-being (Jain et al., 2012). Per capita consumption is measured by (Jain et al., 2012):

Why is steel price increasing so much?

This was unlike the last steel price rally of July 2020 to June 2021, which was driven by strong demand in China and all-time-high iron ore prices, the hikes taken in both global and domestic markets this month are a result of stringent steel supply cuts by China and rising coal costs.

Why is the price of steel so high?

There are several reasons why steel is trading at record levels across the world. A steep rise in prices of iron ore (the main ingredient in steel) is one such reason. Another is a supply crunch caused by China’s decision to cut steel production and exports.

Which country has the highest per capita consumption?

In 2017, the value of private consumption per capita was highest in the United States which amounted to approximately 40.1 thousand U.S. dollars. This was followed by the United Kingdom and Germany with private consumption per capita amounting to approximately 24.2 and 21.7 thousand U.S. dollars, respectively.

What is the per capita consumption of fish in India?

The annual per capita consumption of fish for the entire population is estimated at 5-6 kg whereas for the fish eating population it is found to be 8-9 kilogram, which is a poor 50 per cent of the global rates. However, the Indian Council of Medical Research recom- mends this to be 12 kg per annum.

Why are steel prices going up in India?

Agencies The price increase is effective Monday. The benchmark HRC prices are quoting around Rs 72,500 levels. India’s leading steel makers have raised prices of the benchmark hot-rolled coil by up to Rs 3,500 a tonne on the back of rising cost inflation due to soaring coal prices.

Why are steel prices going down?

The recent correction in the market, seen for flat steel, has been due to three key reasons: fall in global steel prices, correcting domestic iron ore prices and weak domestic demand owing to second wave outbreak, auto production cuts, said Chaudhary.

Why are steel prices increasing in India?

Though there is huge potential for increasing the growth of steel demand in India, the per capita steel consumption in the country is still very low at around 68 kg that is much less than one third of the world average of around 208 kg. As per Union Minister…

Why does India’s real estate industry consume less steel?

The consumption of steel by the real estate industry in India is much lower than in other countries. This is the reason for India’s low consumption of steel.

What has happened to India’s steel imports under the Modi government?

Under Modi government, net imports of steel had gone down and there was an increase of steel exports from the country | Reuters

Why are the per capita values of almost all the indicators low?

The per capita values of almost all the indicators will be low for India simply because of the reason that our population is so huge. Per capita value of any indicator is the total production by the country divided by the population of that country.