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The Indian Steel Story

机译：印度钢铁的故事

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摘要

The average growth in the global steel industry during 2002-07 was 8 percent. The growth was spearheaded by the BRIC countries. However, the scenario has undergone a drastic change since and the fortunes of the steel industry have been adversely affected by financial meltdown and global recession that has followed. The nature of the end use patterns of steel means that steel demand exhibits strong positive correlation with economic growth and more so with the capital formation. This is quite apparent considering the capital intensive nature of the steel consumption. Any realistic assessment of the trend in demand of steel in any economy, hence, cannot be made without considering how the economy will progress in terms of overall economic growth, the level of capital formation and the consequent multiplier effects of the same on the economy.
机译：2002-07年度全球钢铁行业的平均增长率为8％。增长是由金砖四国带头的。但是，此后情况发生了巨大变化，随之而来的金融危机和全球衰退给钢铁行业的命运带来了不利影响。钢铁最终用途模式的性质意味着，钢铁需求与经济增长呈正相关，与资本形成呈正相关。考虑到钢铁消耗的资本密集性，这一点很明显。因此，如果不考虑经济在整体经济增长，资本形成水平以及由此对经济产生的乘数效应方面如何发展，就无法对任何经济体中的钢铁需求趋势进行任何现实的评估。

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