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Market Structure of Crude Steel Industry and India’s Position in the Era of Globalization

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Abstract

Crucial to the development of any modern economy, steel is a product of large and technologically complex industry having strong forward and backward linkages in terms of material flow and income generation. All major industrial economies are characterized by the existence of strong steel industry and the growth of many of these economies has been largely shaped by the strength of the steel industries in their initial stages of development. So being at the center of attraction, in a situation of high growth of world economy, the steel industry is likely to have a bright prospect

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Notes

  1. 1.

    Sourcehttp://jpcindiansteel.nic.in/profile.asp.

  2. 2.

    Sourcehttp://www.steelonthenet.com/kb/world-hot-rolled-coil-prices-2001-2010.html.

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Correspondence to Tiyas Mallick .

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Appendices

Appendix I

Table 12.1 Crude steel output (Million Tones)
Table 12.2 Share (%) of each nation in world crude steel output i.e. s i
Table 12.3 Calculation of ((S i  − (1/n))2)

Appendix II

Table 12.4 V = [Sum{((S i -(1/n))2)}/n]
Table 12.5 H = (1/n) +n*V
Graph 12.1
figure 1

Crude Steel Market & Herfindahl Index

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Mallick, T. (2013). Market Structure of Crude Steel Industry and India’s Position in the Era of Globalization. In: Banerjee, S., Chakrabarti, A. (eds) Development and Sustainability. Springer, India. https://doi.org/10.1007/978-81-322-1124-2_12

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