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“STEEL PROCESSING CENTRE – FUTURE OF PROCESSED STEEL”
PROJECT REPORT Submitted in partial fulfillment of the requirements for the award of the
INTERNATIONAL MBA IN LEADERSHIP AND ENTERPRUNERSHIP
By “MADHUR SHAH” “UBI/MBA/I/JUL11/6592”
Under the guidance of “ Ms. Manjushri Shah (B.E. Electronics, MBA) – Sr. Manager – Secure Metering Ltd”
JARO EDUCATION MUMBAI “April 2012”
I,Mr. Madhur Dhondilal Shah hereby declare that this project report titled STEEL PROCESSING CENTRE – FUTURE OF PROCESSED STEEL submitted in partial fulfillment of the requirement for the “<International or Executive MBA> in Specialization name” is my original work and it has not formed the basis for the award of any other degree.
(Signature of the Student) Madhur Shah
Place: Mumbai Date: 16 April 2012
I sincerely take this opportunity to thank every one involved in completing my
project report “STEEL PROCESSING CENTRE – FUTURE OF PROCESSED
STEEL. Content of this project report is combined analysis of both theoretical
and practical data. Theoretical data is backed by news and reports published in
weekly / quarterly steel magazines and bulletins. Practical data is gathered from
my own experience of about 8 to 9 years while working in this Industry. I thank all
those institutions / organizations who shared valuable information during these 8
to 9 years that made this project report complete in actual sense.
TABLE OF CONTENTS
Sr. No Particulars
Steel Industry - Overview
Steel Processing India (Preface)
Business Outline Steel Processing Centre
Salient features – Steel Processing Centre
Factors In Establishing Steel Processing Centre
Activities at Steel Processing Centre
Pictorial re-presentation - Slitting process (a) & Shearing process (b)
Automotive Steel Processing Centre – Entrepreneur’s point of view
Specimen – Project feasibility Costing
rising urbanization. Per capita steel consumption in India was 51. white goods and other steel-containing goods. Over the next five years domestic demand would be driven chiefly by planned massive investments in infrastructure. Nevertheless. One of the significant drivers for increased steel consumption would be India’s plans to invest the equivalent of $1 trillion during 2012-17 in infrastructure. India’s growth is largely driven by domestic demand rather than being export-led. growth in manufacturing and various government initiatives to drive steel usage in rural areas. The Indian steel industry is currently experiencing a slowdown and faces “grim and gloomy” prospects for short-term steel demand. 5 . This alone is expected to generate incremental steel demand of some 40m tones/year. Higher urbanization would also drive steel usage as per capita steel consumption is only about 10kg in rural areas. An expected slowdown in the Indian economy would be further aggravated by the uncertain global economic environment. India’s rising middle-class population would generate additional demand for automobiles.7 kg.3m tones in fiscal 2016-17 – a jump of more than 60% from about 70m t for the year ending March 2011.(1) STEEL INDUSTRY – OVERVIEW India’s finished steel demand is expected to grow to some 113.7 kg in 2010 compared to the world average of 202.
2 68.50 5.2 +1.1 +8.00 Source:.7 +6.30 80.50 68.00 Exports 3. 6 .6 80.3 66.4 32.3 35.00 5.0 Country China Japan USA India Russia S.8 +7.7 109.9 29.25 4.30 4.Million Tons 2011 % Change 695. Korea Germany Ukraine Brazil Turkey 2010 638.5 44.7 68.7 +2.Million Tones) Domestic Demand 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 66.00 6.1 +5.3 35.9 58.00 5.8 +17.9 -1.50 4.0 +5.75 5.50 5.30 108.50 73.00 4.00 7.50 4.2 72.8 33.30 3.10 98.7 +16.80 89.1 Source:.00 5.5 107.2 34.TOP STEEL PRODUCING COUNTRIES Unit:.00 7.9 43.Steel Business Briefings Edition 24h Jan 2012 India steel demand forecast until 2016-17 (Unit:.6 86.00 Imports 7.Planning commission report in context of India’s twelfth five-year plan for April 2012-March 2017.00 6.
Moody’s sectoral analysis on Asia’s steel sector) 7 . power. (Source:. the domestic steel demand in India remains robust. (Source:.Indian Steel Industry Outlook 2012) Led by stronger demand for Automobile and Engineering services. construction Industry. infrastructure. pipe Industry.4% in 2010 and will grow at a CAGR of around 10% during 2010-2013.India has acquired central Position on Global Steel Map with Giant Steel Mills Acquisition of global scale capacities Continuous modernization & up gradation of Old Plants Improving Energy Efficiency Backward Integration into Global raw Material sources Curd Steel Production in India registered a year-on-year growth of 6.
8 . At present. National Capital region (Delhi – NCR) among others. electronics etc spread across prominent states like Maharashtra. Approximately 300.(2) STEEL PROCESSING CENTER – INDIA (PREFACE) Steel Processing activity was highly fragmented and unorganized before 1993. Late 90’s and early 20’s witnessed entry of renowned professional players from Far east. organized steel services centers play a vital role as an ancillary industry to many business clusters like Automobile. Mahindra & Mahindra in partnership with Mitsubishi Corporation (Japan) and Nisho Iwai Corporation (Japan) set up first organized steel processing centre in Maharashtra. Steel Service Centers will process around 25-30% of Indian steel output as demand grows for smaller batch and shorter lead time. Karnataka. White Goods etc in Indian market. there felt a need of stringent quality requirements. electrical. Europe etc investing in organized steel processing centers in India looking at the growth potential in Indian Industry. Tamilnadu.000 firms buy large portion of their metal requirements from steel processing centers. In 1993. It is estimated that in future. At the moment. With advent of globalization and entry of global players in business segments like Automobile. tight delivery commitments and expectation of professional service thus making steel processing business more organized. Gujarat..
(3) BUSINESS OUTLINE – STEEL PROCESSING CENTER STOCK YARD STEEL MILL OEM / TRADERS VALUE ADDITION STEEL PROCESSING CENTER CUSTOMER TRADERS RETAIL OUTLET STATION 9 .
10 . VALUE ADDITION Steel Processing Center is “VALUE” adding intermediary and the link between global steel producers and final end user STOCK AND INVENTORY Steel processing centre maintain stock and inventory for end users with Just In Time (JIT) Delivery thus enabling end users to focus on core business activities SHORT LEAD TIME Ability of Steel processing center to provide steel products with shorter lead time as compared to Steel Mill’s rolling schedule is added advantage to End Users as it saves time and cost. WIDE PRODUCT RANGE Ability of steel processing center to cater various business verticals with diverse product portfolio from Branded steel Mill’s helps to ensure right product at right place and at right time.(4) SALIENT FEATURES .STEEL PROCESSING CENTRE SUPPLY CHAIN Steel processing center fill in the service gap between steel producers and final consumers by providing supply chain management.
TAILOR MADE PRODUCTS With improved infrastructure and modern technology. Quality Certification ensures optimum product quality and customer satisfaction. 11 . PAYMENT AND CREDIT TERMS Steel processing center can extend relaxed payment and credit terms in local currency to end clients thereby reducing foreign exchange risk incurred by end users while dealing directly with global steel mills in foreign currency. steel processing center play an active role in supplying tailor made products as per customer’s design & requirement. LOGISTICS ADVANTAGE Proximity to customers enables steel processing center to reduce cost on transportation. QUALITY CERTIFICATION Organized steel processing center with ISO certification is very critical in determining the process & delivery of material to End users. as steel mills prefer to supply in big orders as per their standard specifications and size mix.
12 .(5) FACTORS IN ESTABLISHING STEEL PROCESSING CENTRE QUALITY CERTIFICATION: .Customers and end users prefer sourcing processed steel from steel processing centre instead of Steel Mill directly due to better credit facility and foreign exchange risk.Is one of the most important criteria for a successful steel processing center. Quality management system is designed to help organizations ensure they meet the needs of customers and other stakeholders COMMERCIAL & CREDIT TERMS: . DELIVERY:.Prompt & Just In Time delivery enables steel processing center to offload work pressure of End Client by controlling their inventory and keeping overhead cost under control.
.. 13 . Ample of drinking & industrial water. INFRATRUCTURE & ANIMITIES:.Is the most important factor in establishing steel processing centers.ORDER PROCESSING:.Modern Infrastructure is essential for establishing a potential steel service center. highways etc. fist aid medical services (As it is under industrial category). The establishment should be well connected with good roads. LOCATION:. Uninterrupted electricity supply (If possible should have dedicated Kv lines from State Electricity Boards). canteen. Social activities for employees (indoor & outdoor) among others.Ability to process orders in minimum time make steel processing centre first choice of OEM companies as preferred trade partners for sourcing raw materials. LEAD TIME . Employee quarters (If required). The location should be ideal considering proximity to end users facility and well connected with Sea ports & industrial clusters etc.
TECHNICAL EXPERTISE / LABOR: . RELATIONSHIP WITH SUPPORTING STEEL MILL’S – Concept of steel processing center is intermediately link between steel mills and end users / customers therefore it is very important to have strong relationship with potential steel mills to build a diversified portfolio to cater variety of client base in different business verticals.Initial track record in steel trading business provides upper-hand to promoters / investors at the time of establishing steel processing center as such experience helps in building business network with potential clients for long term understanding. TRACK RECORD: .Staff working in steel processing center should have necessary skills and technical expertise about the process involved in steel processing. 14 .
15 . CUT TO LENGTH: .Process that allows Steel coils to cut steel sheet into the required length. The most common cutting processes are performed by applying a shearing force. PICKLING & OILING:. and aluminum alloys.Metal surface treatment used to remove impurities. and are therefore sometimes referred to as shearing processes. SHEARING: .Is a cutting processes in which a piece of sheet metal is separated by applying a great enough force to cause the material to fail. rust or scale from ferrous metals. inorganic contaminants. copper.(6) ACTIVITIES AT STEEL PROCESSING CENTRE SLITTING: .Is a mechanical process of dividing wide steel mother coils into customized steel narrow strips with modern equipments. such as stains.
custom burning & beveling.Is a process that produces a V-shape. straight line burning. Multitorch plasma & oxyfuel cutting machines with straight plasma heads.is a continuous bending operation in which a long strip of sheet metal (typically coiled steel) is passed through sets of rolls mounted on consecutive stands. U-shape. ROLL FORMING: .Include oxy-fuel & plasma burning. track burning. high definition pneumatic punch marker. each set performing only an incremental part of the bend. most 16 . or channel shape along a straight axis in ductile materials. & programmable rotating plasma bevel heads BENDING:. until the desired cross-section profile is obtained. AutoCAD & Sigma Nest auto-nesting programs. Roll forming is ideal for producing constant- profile parts with long lengths and in large quantities. Burning is performed using computerized & networked tables. PLATE BURNING: .
brake presses. The advantage of this process is to allow for greater finished product savings. Note:.commonly sheet metal.Pictorial representation of commonly followed Slitting and Shearing process up to CUT to Length is outlined below.Is a metal fabricating process that removes a scrap slug from the metal workpiece each time a punch enters the punching die. This process leaves a hole in the metal workpiece. BLANKING:.quickly. PUNCHING: .The process of cutting metal coils in the shape required by customers. Characteristics of the punching process include: o Ability to produce economical holes in both strip and sheet metal during medium or high production processes o Ability to produce holes of varying shapes . 17 . Commonly used equipment include box and pan brakes. and other specialized machine presses. The process for other functions as above is product specific & case to case basis.
(7a) SLITTING PROCESS UNCOILER SLITTER KNIFE SEPERATOR 18 .
.Continued………. …………… RECOILER SLIT NARROW PACKED 19 .
(7b) SHEARING PROCESS UNCOILER LEVELLER SHEARING GUILLOTHINE SHEARING CUT TO SIZE SHEETS 20 .
unlike in the Western world. However. Japan with Bhushan Steel Arcelor Mittal. Major automotive steel manufacturers in Far East have forayed in Indian market to support Indian automobile industry to tap the growing automobile demand. Japan with Tata Steel JFE Steel.(8) AUTOMOTIVE STEEL PROCESING CENTER (ENTREPRENEUR’S POINT OF VIEW) India is emerging as automobile hub for International market after China. In a small car. at 2 to 3 million tonnes (mt). Major collaborations / joint ventures to acquire a production base for auto steel by global steel producers is as below Nippon Steel. Automakers in India import nearly 75% of high-grade automotive steel for outer panels of cars and other vehicles. Taking this opportunity. Moreover." a sector analyst points out. Japan with JSW Steel Sumitomo Steel. Luxembourg with Uttam Steel (For re-rolling) Biggest ever planned FDI investment in India by Posco Steel Korea. new steelmaking capacities are being added in India. auto steel is likely to remain a niche segment in quality and quantity. the cost competition is a big factor. Sourcing steel from domestic steelmakers is cost effective. accounting for only a slice of the 50-60 mt planned capacity additions in steel sector by 2014-15 21 .
INDIAN AUTOMOTIVE INDUSTRY – PROJECTIONS.65 % CAGR 22 . 15.
AUTOMOBILE CLUSTERS IN INDIA 23 .
Meter @ Rs. of Shifts:. Meter) Rs.000 /(60 Sq. 250 / Sq.000/Administrative Block (20 Sq. 000 /Factory Area (400 Sq.000/- 24 .20.1 per day Working Hours:.25 Days / Month (300 Days / Anum) No.1..54. Meter @ Rs.Processing of flat steel products (Ex.0.19.000 /Working Shed (150 Sq.3. 900 / Sq.8 Hours / Shift LAND AND BUILDING Particulars Costing Rs. Meter) Rs.70 MT / Day (210 Tons / Anum) Number of Working Days:. 900 / Sq. Meter Godown for raw material and finished products Rs.00. Plates. Meter @ Rs.10.1. Meter) Rs.000/Boundary Wall Etc.35. 1000 / Sq. Total Rs. Meter @ Rs. Coils etc) Rated Plant Capacity:.(9) SPECIMEN – PROJECT FEASIBILITY COSTING PLANT ECONIMIES Operations:.
000 /- Sheet Metal Shearing Machine (1 Nos) Rs. Hand Tools.000 /- Work Bench. Rs.5. Screw Driver.1.000/Weighing Machine etc Total Rs.220.127.116.11. PLANT AND MACHINERY Particulars Costing Sheet Metal Slitting Machine (1 Nos) Rs.000/- 25 . Spanner.000 /- Spare Dies Rs.
20.19. electricity.000/Rs.20.000/Rs.40.000/- 26 .000/Rs. other equipments accessories Instillation cost of water.10.000/Rs. fuel etc… Total Costing Rs.4.000/- FIXED CAPITAL Particulars Land And Building Plant And Machinery Other Fixed Assets Total Costing Rs. OTHER FIXED ASSETS Particulars Office equipment.1.40.69.000/Rs.3. furniture.
400 /Rs.29.000/Rs. Coils etc. 440/- Plus Perks @20% / Anum 27 .1.740 /Total Rs.000/Rs.8.29.700/Rs.6.10.2. 1 Nos.500/Rs.900 /Rs. 2 Nos.1. WORKING CAPITAL REQUIREMENT PER MONTH Raw Materials Flat Steel (Plates.50 MT @34000 / MT Lubricants and other Consumable Items Total Costing Rs. 4 Nos.) 18.6.4. 400/Rs. Total Salary Rs.500/- SALARY AND WAGES PER MONTH Particulars Foreman Skilled Labor Semi Skilled Labor Watchman / Peon Staff 1 Nos.
300/- TOTAL WORKING CAPITAL / MONTH Particulars Raw Material Salary & Wages Utilities & Overheads Total a.500/Rs.10.1. UTILITIES AND OVERHEADS Particulars Power Consumption of 1000 Kwatt hrs @ Rs. Stationery & Telephone Miscellaneous Total Rs.00 / KL Postage.500/Rs.720/Rs.680/- 28 .00/Rs.2.240/Rs.18.104.22.168/Kwatt hr.29.440/Rs.81.6.500/Rs. Working capital for 3 months b. 1. Water Consumption of 200 KLs @ Rs.1.6.300/Rs. Margin money for working capital for Loan Costing Rs.926.4. 1.10 per Costing Rs.
4.680/Rs.720/- 29 .000/Rs.81.680/- TOTAL CAPITAL INVESTMENT Particulars Total fixed capital Total Working Capital for 3 months Total Costing Rs.22.214.171.1240/Rs.1.9126.96.36.1990.000/Rs.395. COST OF PROJECT Particulars Total Fixed Capital Margin Money Total Costing Rs.
80/- TURN OVER PER ANUM Particulars By sale of 210 Tons of processed flat products (Various Costing Rs.009.C.50% on Buildings Depreciation @33.1.000/Sizes @ Rs.395.88.880. 9.20.000 / Ton Total Rs.000/- 30 .000/Rs. COST OF PRODUCTION / ANUM Particulars Working Capital for 1 year Interest @16.I (Total Capital Investment) Depreciation @ 6.00/Rs.00/Rs.36. 42.157.000 / Ton By sale of steel scrap of 21 Tons @ Rs.4.33% on Plant and Machinery Depreciation @20% on office equipment & furniture Total Costing Rs.000.663.00/Rs.14.7.071.8.5% on T.9.293.89.235.00/Rs.706.80/Rs.
80/Rs.46% 31 .009.9.928.071. PROFIT (RECEIPTS .000/9.157.009.COST OF PRODUCTION) Particulars Receipts (Less) Cost of Production Profit Costing Rs.20/- PROFIT SALES RATIO (PROFIT / SALES X 100) Particulars Profit Sales Profit Costing Rs.851.928.9.851.8.20/Rs.000/Rs.
395.56% FIXED COSTS FOR BREAK EVEN POINT (B.P) Particulars Interests Depreciation 40% of Salaries 40% of Overheads Total Costing Rs.287.20/Rs.E.720/35.80 /Rs.176 /Rs.4.395. RATE OF RETURN ( OPERATING PROFIT / TOTAL CAPITAL INVESTED X100) Particulars Operating Profit Total Capital Invested Rate of return Costing Rs.455.293.54.920/Rs.2.928.898/Rs.851.80/- 32 .
83% LAND MAN RATIO (TOTAL LAND / MANPOWER) 400 : 9 :: 44 : 1 33 .X 100 FIXED COST + PROFIT Particulars Fixed Cost Fixed Cost + Profit Rate of return Costing Rs.E.307.1.216/34.287.80/Rs.455.P = --------------------------------------. BREAK EVEN POINT FIXED COST B.
040 Rs.479.289.096 Rs.2.289.040/@18% rate of interest per anum.289.040 Commercial Banks Rs.75.289.144 3 Rs.040 Rs.040 Rs.575.479.445.144 2 Rs.008 Rs.75.479. Self raised capital from even funds & loans from closed ones to meet the margin money needs @ 20% rate of interest per anum Total Rs.480/- INSTALLMENT PAYABLE IN 5 YEARS Year 1 Financial Institutions Rs.75.115.200/capital) @14% Rate of Interest per anum Bank Loan for 3 months (75% of working Capital) Rs.115.008 Rs. RESOURCES OF FINANCE Particulars Term Loans from Financial institutions (80% of fixed Costing Rs.395.096 Rs.375.144 4 Rs.115.096 Rs.75.115.144 34 .1.040 Rs.144 5 Rs.008 Rs.289.75.479.096 Total Rs.720/Rs.008 Rs.008 Others Rs.096 Rs.479.115.
69.342.043 Rs.A Rs.906.564.3188.8.131.52 Rs.092 5 Rs.506 Rs.21.731 2 Rs.A Rs.011 Rs.115.731 Installments Rs.639 Rs.021 Rs.144 Rs.022 Rs.092 Rs.427.144 Rs.144 Rs.639 4 Rs.52.427.528 Comm.144 Total Rs.23. Banks @ 18% P.104.256.171.546 TOTAL REPAYMENT SCHEDULE FOR 5 YEARS Year Interests 1 Rs.479.479.144 Rs.A Rs.735.329 3 Rs.077 Rs.058 Rs.064 Rs.42.479.156.086 Rs.31.236 5 Rs.783 4 Rs.208. INTEREST PAYABLE IN 5 YEARS Term Loans @14% P.479.690 35 .821.650.038 Rs.107 Others @ 20% P.517 Rs.2184.108.40.2065 2 Rs.256.479.185 3 Rs.546 Rs.85.096 Year Total 1 Rs.46.019 Rs.52.
165.953 3 Rs.445 Rs.246 6220.127.116.113 59.108. Exp.812 429.204 4 90% 8.300 5.36.816 13.207.548 5 Rs.450 343.696 15.7.880 1.24.A) Rs.301 4 Rs. DEPRECIATION CHART FOR 5 YEARS Building Cost Year (@6.041.302.16.131 386.809 68.340 537.769 300.54.A) 1 Rs.865 Rs.009.14.560 Rs.18.104.22.1685 76.761 85.898 2 Rs.204 3 80% 7.192 1.207.296 Rs.437 957.041.2. Depreciation Interest NPBT NPAT 1 6.13.636 Rs.484 Tax 35.200 6.504 1.429 2 80% 7.546 22.214.171.1240 343.504 1.663 Fur.10.992 1.244 Rs.638 Rs.755 36 .394.879 Rs.077.761 PROFIT ANALYSIS FOR 5 YEARS (Currency Rupee) Capacity Sales Utilization 70% Gross Profit 911.706.246 614.057 767.310 Rs.50% P.200 6.306.809 68. & Office Eqp (@20% P.152 690.200 Rs.165.980 5 100% 9.882 837.171.908 17.000 7.11.120 19.048 Rs.85% Yr Mfg.000 Total Rs.437 957.235 Plant & Machinery (@ 33.100 6.A) Rs.19.33% P.4.936.40.443 Rs.196.696 15.
135 Rs.457 Promoter's Capital Net Surplus 0 223.761 PROJECTED BALANCE SHEET FOR 5 YEARS (Currency Rupee) Construction Period Liabilities 1 year (70% Cap Util) 575.24.369.480 3 year (80% Cap Util) 798.614.080 75. CASH FLOW STATEMENT FOR 5 YEARS Capacity Utilization 70% 80% 80% 90% 100% Net Profit (After Tax) Rs. Util) 1.393 Rs.592.369.2126.96.36.199 286.672 4 year (90% Cap.767.720 2.548 Rs.160 225.838 2.135 Rs.898 Rs.480 2 year (80% Cap Util) 575.369.694 5 Year (100% Cap.655.505 2.505 Rs.370 Rs.707.516 Repay of installment Rs.537.040 0 W/C Loans 1.19.369.645.370 346.071.192 Rs.156.157 Rs.395.715.787.393 418.040 1.120 150.008 0 Total 2.839 37 .084.528 Rs.369.346.382 Yr Depreciation 1 2 3 4 5 Rs. Util)) 1.445.016 289.286.31.755 Cash in Hand Rs.135 Net Surplus Rs.200 300.204 Rs.864 2.135 Rs.032 867.135 Rs.980 Rs.223.614.160 2.125.429 Rs.022 276.022 Rs.361.54.690.382 Term Loans 375.418.301 Rs.327 Rs.953 Rs.254.064 1.024 578.089.204 Rs.
720 612.734.376 1.V of Fixed Assets 2. W.376 1.176. Working capital in stock 3.704 1.848 5 Year (100% Cap.254.395.125.D.000 2 year (80% Cap Util) 294.720 2.048 1.936 140. Surplus funds 1 year (70% Cap Util) 349. Util)) 197.157 21.300 177.313 325.089.864 2.539 0 1.Assets 1.720 2.926.541.505 2.160 2.102 3 year (80% Cap Util) 253.580 Total 2.839 38 .348.071. Util) 221.541.149 4 year (90% Cap.838 2.058 382.046.
Threats Limited modern infrastructure Complex government policies Inadequate productive resources Rigid approval process with Clients 39 .(10) SWOT ANALYSIS Strength Just in time Delivery Customized steel processing Inventory Control Diverse product portfolio Value addition Weakness Unstable sourcing of raw material No or limited control on pricing High operational cost Long cash conversion cycle Capital intensive Industry Opportunity Growing Industrial clusters Introduce modern technology Increase in foreign exchange Vast export market.
Electrical hubs Etc). Renowned Multinational steel trading giants from Far East and Europe are looking at India as attractive destination for setting up steel processing centers. 1) Mahindra Inter Trade (In JV between Mahindra and Nippon steel Japan) 2) POSCO IPCC (100% Subsidiary of POSCO Korea) 3) POS Hyundai (JV between POSCO & Hyundai (Korea) 4) Thyssen India – German company (For stampings) 5) Tata Steel processing & Distribution Limited 6) JSW’s recent tie up with Marubeni Itochu to set up steel processing centre 7) JFE Shoji (Japanese Steel Trading Company) It is very important for a Prospective Entrepreneur to deeply analyze market potential and fine tune the project costing to set-up steel processing centre before making investment plans. 40 . Ability to provide quality processed steel at Just in Time delivery from various sources remains the key success factor for this business.(11) CONCLUSION In recent times steel processing business has gained momentum as ancillary Industry for Industrial clusters (like Automobile.
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