Industrial Organization of Hot Rolled Steels Industry in India Research Paper

Industrial Organization of Hot Rolled Steels Industry in India - Research Paper Example The present research has identified that hot roll steel is in high demand all over the world and even the country’s growth is measured in terms of its production of steel, therefore components in this hot roll industry including the user demand, production, rate of growth, is always showing a positive trend. As per elasticity of demand, the hot roll steel industry in India is quite stable. Economies of scale, is one of the important reason for success of a firm in hot roll steel industry of India, the larger giants share more market. Raw materials are also one of the important factors in this industry. Steel billets are the major raw material along with other supporting raw materials. Mostly successful hot roll firms have their own production of steel billets, in order to avoid production delays and transportation costs. Hot roll steel product is an outcome of a metal rolling process that happens above the re-crystallization temperature of the metal. The raw material is typica lly big fragments of crude metal, for instance semi-finished casting items known as slabs, blooms, and billets. The metal billets or slabs are rolled from hot working rolls and the rollers produced a flat product that can be formed in coils as well as in hot rolled plates. There are two types of flat products resulting from a hot roll mill i.e. Plates or HR coils. More often plates are utilized directly. The HR coils (HRC) are utilized directly, but in addition to it, most of them are additively rolled and routed to manufacture products for example cold rolled sheets coils, galvanized or gal annealed sheets and coils, pipes etc.