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Iron and Steel Industry in the BRIC Countries – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

 

London, England -- (SBWIRE) -- 04/09/2012 -- The BRIC (Brazil, Russia, India and China) countries play a dominant role in the global iron and steel industry in terms of reserves, production and consumption.

The iron and steel industry in the BRIC countries posted a healthy growth during the review period and the trend is expected to continue over the forecast period.

Brazilian iron ore production is projected to grow at a CAGR of 14.06% over the forecast period (2012–2016) to reach 765.8 million tons by 2016. Crude steel production posted a CAGR of 1.19% during the review period and is expected to grow at a CAGR of 6.76% over the forecast period to reach 48.8 million metric tons by 2016. Apparent steel consumption totaled 31 million metric tons in 2011 and is expected to grow at a CAGR of 9.06% over the forecast period to reach 48.1 million metric tons by 2016.

Russian iron ore production is projected to grow at a CAGR of 8.31% over the forecast period, to reach 157.7 million tons in 2016. The growth will be primarily driven by the rising demand from the domestic steel industry and growing exports to China. Crude steel production is expected to grow at a CAGR of 5.75% over the forecast period to reach 87.4 million metric tons by 2016. Apparent steel consumption is expected to grow at a CAGR of 7.98% over the forecast period to reach 69.1 million metric tons by 2016.

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India’s iron ore production is expected to register a CAGR of 8.95% over the forecast period to reach 350 million tons by 2016. Crude steel production grew at a CAGR of 5.47% during the review period and is expected to grow at a CAGR of 8.35% over the forecast period. Consumption is projected to reach 100.6 million metric tons by 2016.

Chinese iron ore production grew at a CAGR of 7.04% during the review period and is forecast to grow at a CAGR of 8.01% over the forecast period to reach 1.3 billion tons by 2016. Crude steel production posted a CAGR of 8.96% during the review period and is expected to grow at a CAGR of 5.59% over the forecast period. Apparent steel consumption is expected to grow at a CAGR of 7.18% over the forecast period to reach 899.5 million metric tons by 2016.

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