Steel Industry: A Performance Analysis

This article looks at the performance of the Indian steel industry and specifically examines certain major players, both during the downturn as well as the recent upswing, when recovery in prices has bolstered the bottom lines of companies. However, the respite provided by the price increases must not obfuscate other areas that need urgent attention, such as financial restructuring. Besides, at present, investment in R and D by the Indian steel sector is highly inadequate. Technology is the key to competitiveness in the steel industry, and only a technology-centric push can move the sector to a higher growth path.