India's Steel Production Growing at the Fastest Rate - Chart Of The Day 15 May 2019 - Equitymaster
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India's Steel Production Growing at the Fastest Rate
May 15, 2019


In the last 6 years, India has been the world's fastest growing steel producer, among the top 10.

Over the last 6-year period, India's steel production grew at a CAGR of 6%. Countries such as Germany and Japan registered negative growth. Growth has been flat in USA, South Korea, Russia, and Brazil.

China, the world leading steel producer, which saw double-digit growth over 2001-2010, grew marginally by 4% CAGR in the last six years.

Importantly, India's production growth is due to strong domestic demand. Particularly, on the back of strong infrastructure development and housing demand, especially affordable housing.

No wonder India has surged past Japan and USA to become the second largest steel producer in the world.

And this is just one of the 50 irreversible trends in the Rebirth of India.

Data Source: World Steel Association

This Chart Of The Day was published in The 5 Minute WrapUp - The Perfect Example of a Multibagger Opportunity in the Rebirth of India

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