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PROVERB FOR STEEL
 The angry hammer works off his fury on the steel.
 A silver hammer can open an iron gate
 The iron never takes advice from the hammer.
 It is better to be the hammer than the anvil.
 You are either hammer or anvil.
 Between the anvil and the hammer.
 Some people are born hammers, others anvils.
 The same hammer that breaks the glass forges the steel.

Forbes list of the World's Billionaires
Ace Indians Mukesh Ambani and Lakshmi Mittal named among world's top ten billionaires as Mexican mogul Carlo Slim Helu hit Americans Bill Gates and Warren Buffett to turn out to be the most affluent person on earth.
In addition to fourth placed RIL chairman Ambani and fifth positioned steel czar Mittal, four other Indian residents were named among top fifty in 2010 Forbes list of the World's Billionaires released on Wednesday with 49 Indians joining company with the world's 1,011 wealthiest people.












STEEL INDUSTRY
The steel industry is often considered to be an indicator of economic progress, because of the critical role played by steel in infrastructural and overall economic development. Global steel production grew enormously in the 20th century from a mere 28 million tonnes at the beginning of the century to 781 million tonnes at the end. The economic boom in India has caused a massive increase in the demand for steel in recent years. Between 2000 and 2005, world steel demand increased by 6%. Since 2000, several Indian steel firms have risen to prominence.
Steel sector is the leading growth driver for India. Infrastructure development given thrust by government is in the fields of airports, roads, power plants. Per capita consumption of steel in India is around 30kg and the installed steel capacities in India is around 55MTPA. There is huge potential for capacity enhancement by major players and also wide scope for small players. Backward integration could be the safe bet - starting with a rolling mill and moving back with a arc furnace and sponge iron unit.

This brings the focus of the industry to India. Considering a steel consumption of 300 kg per man per year to be a fair level of economic development, India will have to come up to somewhere around 300 million tonnes, if it is to fulfill its ambitions of being a developed country. That of course is a long journey from the present production level of around of around 50 million tonnes but one must consider its past before coming to a conclusion about its potential. India was producing only around a million tonnes of steel at the time of its independence in 1947. By 1991, when the economy was opened up steel production grew to around 14 million tonnes. Thereafter, it doubled in the next 10 years, and then it is doubling again, maybe over a slightly longer span. Steel Production in India expected to reach 124 million tons by 2012 and 275 million tons by 2020 which could make her second largest steel maker.

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K.MOKAN DASS

Chief Executive

SREE OHM ASSOOCIATESS
CONSULTING, MARKETING & SERVICES IN BUSINESS AND INDUSTRY
(SPECIALIZED IN PAPER & STEEL INDUSTRY)
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