In China, the world's top producer and consumer of the metal accounting for about 45% share, crude steel output is estimated to rise by 10.1% YoY this year to 625 million tonnes, but with total capacity expected to reach 710 million by end 2010. Chinese government while taking stiff measures to cool economy and curb investments has also tried to clamp down steel production. But the results have not been encouraging so far as Chinese steel sector is saddled with huge over capacities, looming large a dark cloud over global steel scenario.
On the other hand, India is likely ranks fifth among the major steel producing countries at estimated crude steel production of 66 million tonnes in 2010, after Japan at 109 million tonnes, US at 80 million tonnes and Russia and 66.5 million tonnes.
On the demand side, in India, there has been about 10% growth in consumption of finished steel in the first half of 2010-11, highest amongst major steel consuming countries globally. Growth of consumption of steel in automobiles, white goods, manufacturing sectors and infrastructure development has not been matched by commissioning of fresh capacities as yet. As a result, India has remained a net importer of steel, with 66% YoY increase in January to July 2010.
Major steel companies in India have indicated that more than 32% capacity would be added by the end of the current fiscal, though growth may fall short of the steel ministry's projections of 124 million tonnes by 2011-12. Even if we take 100 million tonne capacity in India by 2012-13, we are looking at astronomical growth of about 50% in next 2 ½ years, which by far exceeds demand growth and could result in huge surplus.
Today, no institution or group of interests holds the magical key to the solution and it is the enmeshing of macroeconomic forces with microeconomic policies which are leading to the current situation.
The "Indian Steel Markets 2011 Conference" jointly organized by Steelguru and IPF on 15-16 March 2011 at Leela Kempinski Gurgaon seeks to establish an intellectual and neutral platform that will bring together the main stakeholders in the steel economy, helping them to identify better solutions for the steel producers and consumers, by analyzing the downstream steel markets their demand drivers and their key supply factors.
Conference Program
Day I
Session 1: The Global Outlook
Theme - Global Steel Cycle: In upswing Mode
Moderator - Mr Narendra Chaudhary, Consultant – CONFIRMED
1. Mr Malay Mukherjee, CEO, Essar Steel **
2. Mr HM Nerurkar, MD, TATA Steel **
3. Mr CS Verma, Chairman, SAIL *
4. Mr Rana Som, CMD NMDC *
5. Mr PK Bishnoi, CMD, RINL **
6. Mr Jayant Acharya, Director, JSW Steel **
7. Mr Joachim Schroder, CEO RCG - CONFIRMED
8. Mr Jim Lennon - ED, Commodities and Mining Research, Macquarie Securities *
9. Ms Michael Applebaum, MD, Michelle Applebaum Research *
10. Mr
Session 2: Chinese Outlook
Theme - Chinese Steel: Scaling Down Growth
Moderator - CEO of a Chinese steel information portal**
1. Mr Lou Bingsheng, Deputy General Secretary, CISA**
2. BaoSteel**
3. Hebei Iron & Steel**
4. Mr Greg Smith, CEO, Global Commodities*
5. Ms Jing Ulrich, MD, China Equities & Commodities, J P Morgan*
6. Mr Norman Sze, Managing Partner, Deloitte China*
7. Mr John Lichtenstein, MD, Accenture’s Global Metals Industry Practice*
8. Mr sanjay Sharma, CFO Hunan Valin
Session 3: Brazilian Outlook
Theme - Brazilian Steel:
Moderator - Dr Germano Mendes de Paula, Professor, Institute of Economics Federal University of
Uberlandia – CONFIRMED
1. Mr Marco Polo de Mello Lopes, President, Brazil Steel Institute**
2. Vale**
3. Gerdau**
Session 4: Russian Outlook
Theme - Russian Steel:
Moderator – Metal Expert
1 Severstal*
2. MMK*
3. NLMK*
4. Evraz*
5. Mechel
6. Metinvest
Day – II
Session 5: Indian Outlook
Theme - Indian Steel: Growth Scenario
Moderator - Mr VK Mehta, ED, Long Products & ITD, SAIL **
1. Mr Vikram Amin, Director - Marketing, Essar Steel **
2. Mr Gajendra Haldea, Adviser, Planning Commission *
3. Mr Manoj Moha, Crisil Research *
4. Mr Bill Attenborough, Stemcor *
Sessions 6: Downstream Markets: Construction
Theme - Construction Steel: Market perspective
Moderator - Mr V R Sharma, CEO Steel, JSPL **
1. RBI*
2. DLF*
3. Mr K Venkataramanan, President, Larsen & Toubro *
4. Mr Sandipan Chakravorty, MD, TATA Steel Processing & Distribution *
Sessions 7: Downstream Markets: Automobiles & White Goods
Theme - Value added steel: Market perspective
Moderator - Mr Anand Sen, TATA Steel *
2. Mr Sudam Maitra, MEO Supply Chain, Maruti Suzuki*
3. Mr Partha Basu, CFO, Whirlpool*
4. Dr Pawan Goenka, President (Automotive), Mahindra and Mahindra*
5. Mr Dilip Oomen, CEO Indian Steel Business, Essar Steel*
Session 8: Open House on Steel Pricing
Theme - Dynamics - Amid Raw material volatility
Moderator - Dr AS Firoz, Chief Economist, MoS – CONFIRMED
Mr Alexander Siryk VP CIS RCG- Presentation on Raw Material Prices and their impact on Steel
Price Volatility - CONFIRMED
Open House Q&A
1. Mr Jayant Acharya, Director Marketing, JSW Steel **
2. Mr Vikram Amin, Director Marketing, Essar Steel **
3. Mr V R Sharma, CEO Steel, JSPL **
4. Mr V K Mehta, ED, Long Products & ITD, SAIL **
5. Mr Sudam Maitra, MEO Supply Chain, Maruti Suzuki *
6. Mr K Venkatramanan, President, Larsen & Toubro*
** - Confirmation awaited
* - Invited
Venue
The Leela KempinskiHotel & Residences
Ambience Island
National Highway - 8
Gurgaon 122 002, Delhi NCR
India
Ph +91 (124) 477 1234
Fax +91 (124) 477 1235
www.theleela.com
