Steel Wire Drawing Plant (Cap: 20 MT/Day)
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STEEL WIRE DRAWING PLANT (CAP: 20 MT/DAY)
[EIRI/EDPR/4756] J.C.: 2976XL
INTRODUCTION
The steel wire industry has witnessed a significant growth at a CAGR of 6.90% over Fiscals 2019-23 driven by an uptick in infrastructure development activities across the country and growing production in the automobile industry. Demand is expected to log 8-10% CAGR between Fiscals 2023 and 2028, growing to 8-9 MT, due to increasing budget allocation of central and state governments for infrastructure development and expansion of the automobile industry (Source: CRISIL Report) We intend to enhance our efforts to improve our productivity to meet the increasing demand of the steel wire market.
Structure of India’s steel industry
India’s position in the global steel market India has been the second largest global steel producer since CY 2018. Of the 1,878 MT of global crude steel production, India accounted for 6.64% share, or ~125 MT, in CY 2022. Globally, crude steel production increased to 1,878 MT in 2022 from 1,827 MT in 2018, a CAGR of 0.70%, while India’s crude steel production grew at 4.02% CAGR, higher than the world average. Global crude steel production from 2018 to 2022 and share of major countries in CY 2022 (MT)
At the global level, all major economies registered a y-o-y decline in steel demand in 2020. However, demand for Chinese steel grew at 9.11% on-year in 2020 on account of the country’s quick recovery from the first wave of Covid-19 and receipt of a stimulus package to spur industrial and economic activity. But, in 2021, demand for Chinese steel declined 4.32%, resulting in global demand slipping 3.49% on-year. In 2022, high inflation, tightening global monetary conditions, and slowdown in production in China, kept the global steel sector under pressure. In 2023 though, global steel demand is forecast to grow 1.95% to 1,822 MT, as per the World Steel Association. This projection is on the back of the effect of persistent inflation and high interest rate in most economies.
That said, globally, per capita steel consumption declined marginally to 221.80 kg in 2022 from 223.20 kg in 2018. Developed economies such as the US, EU, Japan, and China have significant expenditure on infrastructure and relatively more steel-intensive housing/commercial establishments, leading to higher per capita consumption of steel. On the other hand, India’s per capita steel consumption was comparatively very low at 81.1 kg per capita. However, with increasing thrust on infrastructure development in India, the underpenetrated Indian steel market holds high growth potential.
COST ESTIMATION
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%
CONTENTS
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 – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
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 YEARS)
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