Steel Tube Conference

·       While speaking on the future, in the CII Steel Tubes Conference, Mr.Anupam Prakash, Director, Ministry of Steel mentioned the policy interventions being undertaken by his ministry to strengthen the competitiveness of the steel industry. These mainly revolved around the two significant advantages India possessed for steel making viz raw material & availability of skilled manpower. Creation of a dedicated steel corridor in the eastern part of the country connecting the steel clusters, setting up of a R&D fund to support individual projects were some of the specific announcements made for the sector. He also spoke about the allocation of the coking coal at Jharia for the exclusive use of the steel industry. Acknowledging the contribution of around 10% of the total steel demand he urged the tubes industry to strengthen its competitiveness so that it could play its role in achieving the national target of 300 Million tonnes of steel production by 2030. He mentioned that ministry has created a special cell which would support the industry to safeguard its interest from predative imports under FTAs through appropriate duty interventions. He invited CII to submit the positive outcomes and industry expectations emanating from the conference. 

·     Mr Amit Ganeriwalla, Partner & Director, Boston Consulting Group presented a detailed SWOT analysis of the sector. He provided breakup of tubes market comprising of 50% of ERW, 30% SAW with seamless making up the rest. The detailed projections for the consuming sectors namely oil & gas, auto, power for the next 5 years were made. He cautioned the recent imposition of anti-dumping duty by USA on S.Korea for tubes for the oil & gas sector, which can act as a threat for the Indian industry under CEPA regime. Key initiatives for success of the sector were identified as targeting the right positioning, focus on profitability, innovation &   diversify & seek new markets. 

·     Mr.Sudhanshu Pathak, Vice President Tata Steel emphasized on the need for leapfrogging the constraints of cycle time where technology can act as an effective enabler. Creating synergy with steel producers for creating new value for the customers were another opportunity area for the tubes sector. He also pressed upon the need to upgrade the Indian standards keeping mind the changing needs and application areas of steel tubes.

·     Mr.Ashish Anupam, Chairman CII Steel Tubes division & Executive In Charge of Tata Tubes articulated the activities of the division and opportunities before the sector. He emphasized on the need for skill development and developing newer engagements with different segments of the consumer for faster absorption of new ideas.


The Emerging Demand Scenario and Growth Potential

Steel Tubes industry is one of the important segments of the Steel Sector, which has been growing at a CAGR of approx. 4-5 % over the last 3 years. International statistics indicates that 10% of steel produced is converted into Tubes; by this norm in India with 75 million tonnes of steel production, we have at least 7.5 million tonnes of Steel tubes being produced and approx 8 million tonnes of steel gets consumed. Buoyant demand in the key user sectors like automotive, infrastructure, oil & gas, power, steel & chemicals, is expected to continue to provide a fillip and an optimistic scenario for the Steel Tube business in the country. 

Taking this backdrop, the Confederation of Indian Industry (CII) organizinged a National Conference on “Steel Tube Industry: The Emerging Demand Scenario and Growth Potential” on 9th September 2014 at New Delhi

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Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
Steel Tubes - Moving to the Next Orbit
New Opportunities in Auto Sector
Precision Tube requirement for Auto Exhaust Systems & Shock Absorber
New Developments by Precision Tube Manufacturers
Challenges of EPC Contractors in Indian Steel Sector
Challenge of Rapidly Growing Power market in India
Use of Hollow Steel Sections in Hydrocarbon Industry - A User Perspective
Evolution of Structural Steel tubes in India
Structural Application of Tubular Sections in Power Plant
Seamless Steel Tube Plant
Emerging trends In Stainless Steel Pipes and Tubes
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