Industry Overview
The steel wire industry has experienced steady growth, supported by rising infrastructure development and expanding automobile production. According to the report, the industry recorded a CAGR of 6.90%, while demand is expected to grow at 8–10% CAGR, reaching 8–9 MT, driven by increased infrastructure spending by central and state governments and continued expansion of the automotive sector. These market trends are expected to encourage manufacturers to improve productivity and enhance production capabilities to meet rising demand.
At the global level, the steel industry has faced fluctuating demand due to changing economic conditions. Most major economies experienced year-on-year declines in steel demand during recent years, whereas China initially recorded 9.11% growth following its rapid recovery from the first wave of COVID-19 and economic stimulus measures. Subsequently, Chinese steel demand declined by 4.32%, contributing to a 3.49% fall in global steel demand. The sector has also been affected by high inflation, tighter global monetary policies, and slower industrial production in China. Despite these challenges, the report notes that global steel demand is projected to increase by 1.95% to 1,822 MT, as forecast by the World Steel Association, reflecting continued demand despite persistent inflationary pressures and elevated interest rates across many economies.
Cost Estimation
| Particular | Value |
|---|---|
| Plant Capacity | 20 MT/Day |
| Land & Building (4000 sq.mt.) | Rs. 3.92 Cr |
| Plant & Machinery | Rs. 2.71 Cr |
| Working Capital for 1 Month | Rs. 7.17 Cr |
| Total Capital Investment | Rs. 14.53 Cr |
| Rate of Return | 27% |
| Break Even Point | 52% |
Content Index
- INTRODUCTION
- MARKET POSITION
- INDIAN STEEL SECTOR REVIEW AND OUTLOOK
- BUILDING AND CONSTRUCTION
- INFRASTRUCTURE
- AUTOMOTIVE
- IMPACT OF GOVERNMENT REGULATIONS AND POLICIES ON THE INDIAN STEEL SECTOR
- GOVERNMENT REGULATIONS TO PROMOTE THE DOMESTIC STEEL INDUSTRY
- GOVERNMENT POLICY
- NATIONAL STEEL POLICY’S VISION FOR DEMAND, SUPPLY AND TRADE
- THE PRODUCTION LINKED INCENTIVE (PLI) SCHEME
- HIGHLIGHTS OF UNION BUDGET 2023-24
- BUDGET ESTIMATES FOR FISCAL 2024:
- EXPECTED IMPACT ON INFRASTRUCTURE ACTIVITIES
- EXPECTED IMPACT ON RAILWAYS
- EXPECTED IMPACT ON AUTOMOBILES
- STEEL WIRES MARKET ASSESSMENT
- INTRODUCTION TO STEEL WIRES:
- FEW OF THE APPLICATIONS OF STEEL WIRES HAS BEEN HIGHLIGHTED BELOW:
- DEMAND TREND FOR STEEL WIRES
- KEY END USER INDUSTRY GROWTH DRIVERS
- FENCING:
- INFRASTRUCTURE
- AUTO
- POWER CABLES
- CONSUMER GOODS/KITCHEN ACCESSORIES
- TRADE ANALYSIS FOR STEEL WIRES
- STEEL WIRES DEMAND TREND BY TYPE OF WIRE
- STEEL WIRES SEGMENTATION BY TYPE OF WIRE
- SPECIALTY WIRES MARKET
- LRPC WIRES DEMAND OUTLOOK
- MANUFACTURING PROCESS
- BELOW IS THE TYPICAL PROCESS INVOLVED IN MANUFACTURING OF DIFFERENT WIRES
- STEEL WIRES INDUSTRY STRUCTURE
- STEEL WIRES INDUSTRY STRUCTURE
- PLAYER WISE MARKET FOR STEEL WIRES IN FISCAL 2023
- PRODUCT PORTFOLIO MAPPING OF KEY PLAYERS
- PROFILE OF KEY STEEL WIRE MANUFACTURERS (FISCAL 2023)
- APPLICATION LANDSCAPE OF DIFFERENT TYPES OF STEEL WIRES
- B.I.S. SPECIFICATION
- INDIAN STANDARDS REFERRED IN IS IS 6528: 1995:
- INDIAN MANUFACTURING INDUSTRY
- INTRODUCTION
- MARKET SIZE
- INVESTMENT
- GOVERNMENT INITIATIVES
- ROAD AHEAD
- KEY REGULATIONS AND POLICIES
- BUREAU OF INDIAN STANDARDS ACT, 2016 (“BUREAU OF INDIAN STANDARDS ACT”)
- BUREAU OF INDIAN STANDARDS RULES, 2018 (“BUREAU OF INDIAN STANDARDS RULES”)
- STEEL AND STEEL PRODUCTS (QUALITY CONTROL) ORDER, 2020 (“QC ORDER”)
- NATIONAL STEEL POLICY, 2017 (“NSP 2017”)
- INDUSTRIAL AND LABOUR LAWS
- THE FACTORIES ACT, 1948 (THE “FACTORIES ACT”)
- ENVIRONMENTAL LAWS
- THE ENVIRONMENT PROTECTION ACT, 1986 (THE “ENVIRONMENT PROTECTION ACT”) AND THE ENVIRONMENT (PROTECTION) RULES, 1986 (THE “ENVIRONMENT PROTECTION RULES”)
- AIR (PREVENTION AND CONTROL OF POLLUTION) ACT, 1981 (THE “AIR ACT”)
- THE WATER (PREVENTION AND CONTROL OF POLLUTION) ACT, 1974 (THE “WATER ACT”)
- NOISE POLLUTION (REGULATION AND CONTROL) RULES, 2000 (“NOISE POLLUTION RULES”)
- HAZARDOUS AND OTHER WASTES (MANAGEMENT AND TRANSBOUNDARY MOVEMENT) RULES, 2016 (THE “HAZARDOUS WASTE RULES”)
- TAX LAWS
- FOREIGN EXCHANGE LAWS
- INTELLECTUAL PROPERTY LAWS
- TRADE MARKS ACT, 1999 (“TRADE MARKS ACT”)
- THE COPYRIGHT ACT, 1957
- OTHER APPLICABLE LAWS
- THE ELECTRICITY ACT, 2003 (“ELECTRICITY ACT”)
- OTHER INDIAN LAWS
- PRINCIPLES OF PLANT LAYOUT
- MAJOR PROVISIONS IN ROAD PLANNING FOR MULTIPURPOSE SERVICE ARE:
- PLANT LOCATION FACTORS
- PRIMARY FACTORS
- 1. RAW-MATERIAL SUPPLY:
- 2. MARKETS:
- 3. POWER AND FUEL SUPPLY:
- 4. WATER SUPPLY:
- 5. CLIMATE:
- SPECIFIC FACTORS
- 6. TRANSPORTATION:
- 7. WASTE DISPOSAL:
- 8. LABOR:
- 9. REGULATORY LAWS:
- 10. TAXES:
- 11. SITE CHARACTERISTICS:
- 12. COMMUNITY FACTORS:
- 13. VULNERABILITY TO WARTIME ATTACK:
- 14. FLOOD AND FIRE CONTROL:
- EXPLANATION OF TERMS USED IN THE PROJECT REPORT
- 1. DEPRECIATION:
- 2. FIXED ASSETS:
- 3. WORKING CAPITAL:
- 4. BREAK-EVEN POINT:
- 5. OTHER FIXED EXPENSES:
- 6. MARGIN MONEY:
- 7. TERM LOANS:
- 8. TOTAL LOAD:
- 9. LAND AREA/MAN POWER RATIO:
- PROJECT IMPLEMENTATION SCHEDULES
- INTRODUCTION
- PROJECT HANDLING
- PROJECT SCHEDULING
- PROJECT CONSTRUCTION SCHEDULE
- TIME SCHEDULE
- TECHNICAL SPECIFICATION OF MACHINES
- PLANT LAYOUT
- STEEL WIRE MANUFACTURERS
- RAW MATERIAL MANUFACTURERS
- DETAILS OF RAW MATERIALS SUPPLIERS
- DETAILS OF MACHINERY SUPPLIERS
- SUPPLIERS OF PICKLING ACIDS
- SUPPLIERS OF PACKING MATERIALS
- SUPPLIERS OF PLANT AND MACHINERY
- CUTTING MACHINE
- SUPPLIERS OF HARDNESS TESTING MACHINE
- SUPPLIERS OF FORGING DIES
- SUPPLIERS OF CNC LATHE MACHINE
- SUPPLIERS OF CNC MACHINING CENTRE
- SUPPLIERS OF METAL TESTING MACHINE
- SUPPLIERS OF DG SETS
- SUPPLIERS OF EOT CRANES
- SUPPLIERS OF POWER TRANSFORMERS
- SUPPLIERS OF ELECTRICAL PANEL
- SUPPLIERS OF ELECTRIC MOTOR
- SUPPLIERS OF EFFULENT TREATMENT PLANT (ETP PLANT)
- SUPPLIERS OF AIR POLLUTION CONTROL EQUIPMENTS
- SUPPLIERS OF AIR CONDITIONING EQUIPMENTS
- SUPPLIERS OF AIR COMPRESSORS
- SUPPLIERS OF PLATFORM WEIGHING MACHINE
- SUPPLIERS OF MATERIAL HANDLING EQUIPMENTS
- SUPPLIERS OF FIRE FIGHTING EQUIPMENTS
- SUPPLIERS OF SHOT BLASTING MACHINE
- SUPPLIERS OF JIGS AND FIXTURE
- SUPPLIERS OF SUBMERSIBLE WATER PUMP
- SS PIPE & TUBE MANUFACTURER
- LIST OF DOCUMENTS REQUIRED TO GET FOR LICENSES
- DOCUMENTS:
- OTHER LICENSES REQUIRED FOR THE SETUP
- IMPLEMENTATION SCHEDULE
- ORGANIZATION CHART
- STATUTORY APPROVALS FROM GOVERNMENT
- SCHEMES AND CONSULTANCY SERVICES
- EXISTING SCHEMES AVAILABLE AND THEIR DETAILS
- DETAILS OF AGENCIES WHO CAN PROVIDE GUIDANCE (CSIR, MSME, SECTOR COUNCILS ETC.)
- DETAILS OF TEST FACILITIES AVAILABLE IN INDIA
- SWOL ANALYSIS
- STRENGTHS
- OPPORTUNITIES
- WEAKNESS
- LIMITATIONS
- STEEL PRODUCTS MANUFACTURING CONSULTANT
- PETER
Appendix
- 01. PLANT ECONOMICS
- 02. LAND & BUILDING
- 03. PLANT AND MACHINERY
- 04. OTHER FIXED ASSETS
- 05. FIXED CAPITAL
- 06. RAW MATERIAL
- 07. SALARY AND WAGES
- 08. UTILITIES AND OVERHEADS
- 09. TOTAL WORKING CAPITAL
- 10. TOTAL CAPITAL INVESTMENT
- 11. COST OF PRODUCTION
- 12. TURN OVER/ANNUM
- 13. BREAK EVEN POINT
- 14. RESOURCES FOR FINANCE
- 15. INSTALMENT PAYABLE IN 5 YEARS
- 16. DEPRECIATION CHART FOR 5 YEARS
- 17. PROFIT ANALYSIS FOR 5 YEARS
- 18. PROJECTED BALANCE SHEET FOR (5-10 YEARS)
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