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Kirloskar FerrorsI ndustries Ltd (project)

Kirloskar FerrorsI ndustries Ltd (project)

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Published by rameshmba
internship training
internship training

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Categories:Types, School Work
Published by: rameshmba on Jun 13, 2008
Copyright:Attribution Non-commercial

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10/19/2011

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PART – A
1.INDUSTRY PROFILE
India is gifted with large quantity of iron ore with high ferrous content, which isthe crucial raw material for producing the steel. Hence India is one of the largestproducers of steel in the world.With the help of liberalization, globalization of economy in the process, thereis a scope for economic development, which means there will be focus oninfrastructure. This will lead to considerable demand for steel. As its mainapplications are in the construction, engineering and automobile sectors, which arethe key elements in building infrastructure, steel is universal intermediate and hasvery strong forward and backward linkages hence steel industry has become one of the core sector of the economy.Though India one of the large steel producers, it has low perceptsconsumption of steel in comparison with order developing and developed countries.India is fortunate in having intensive iron ore deposits with reserves estimatedat 10.3 billion, which is more than 1/4
th
of the world reserves. Further the averageiron ore content of Indian ore is above 60% in India, the iron ore reserves are mainlyfound in the states like Orissa, Karnataka, Bihar, M.P, Goa, A.P., Rajasthan andsome parts of Western Maharashtra. When, we think of the steel Industry, the first thing that comes in to our mindis pig iron. This is because of its name. When metal from blast furnace is paired in toMoulds and solidifies it assumes a shape which resembles the back of a pig, hencecalled as pig iron.
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GLOBAL SCENARIO OF PIG IRON:
The demand for the international has a sharp rise, the total production of pigiron. It is estimated at 500MT, in which developed nation accounts for 45% of thetotal production seeing the potential demand many mills in USA such as a Nucor,Norigstar, Steel and Max steel are switching over to pig iron production.
DEMAND AND AVAILABILITY OF PIG IRON ( ‘000 Units) YearsDemandAvailability
1996-97240032241997-98290034691998-99270037331999-00290040162000-01310043222001-02330046502002-03360049002003-04380057502004-05410052332005-0644005474
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01,0002,0003,0004,0005,0006,000
1996-971997-981998-991999-002000-012001-022002-032003-042004-052005-06
DemandAvailability
GROWTH OF PIG IRON IN INDIA:
Before liberalization the pig iron industry was monopolized by the integralsteel plants to utilize the liberalization policy initiated by the Government. Decline inthe pig iron production and paved the way of helping the ISP’s be utilize pig iron for making steel to gain value addition.The integrated steel plant (ISP) is the major supplier of pig iron. Public sector contributes up to 90% of the Pig Iron supply. According to the Steel Ministry Report,demand for pig iron is estimated to increase by 37% over next 8 years.
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