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Presented by

N. C. MathurPresident – Indian Stainless Steel Development Association

Indian Stainless Steel Development AssociationAGM & Forward Looking Session

11th Sept. 2008, New Delhi

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Stainless Steel | Global ProductionC o u n tryR e g io n

A u str ia 3 5 45 45 4 6 52

B e lg iu m 88 8 1 ,0 45 1 ,0 32 1 ,52 2 1 ,5 21

F in la n d 1 ,07 4 1 ,1 89 1 ,1 24 1 ,30 6 9 75

F ra n ce 1 ,02 6 8 70 6 54 50 1 3 08

G er m an y 1 ,59 7 1 ,7 31 1 ,6 36 1 ,72 4 1 ,5 05

Ita l y 1 ,44 7 1 ,5 58 1 ,5 94 1 ,83 2 1 ,5 58

S p ain 1 ,17 2 1 ,1 03 1 ,1 27 1 ,25 5 1 ,1 05

S w ed e n 71 8 6 76 6 39 68 4 6 45

U n ite d K in g d o m 44 0 4 81 4 07 37 5 3 51

E U 1 5 8 ,39 7 8 ,6 98 8 , 259 9 ,24 5 8 ,0 18

U S A 2 ,22 3 2 ,4 01 2 ,2 38 2 ,46 0 2 ,1 71

B r az il 49 3 4 97 4 50 49 1 4 33

Ja p an 4 ,11 3 4 ,1 97 3 ,9 83 4 ,07 3 3 ,7 12

K o r ea 1 ,98 7 2 ,3 37 2 ,2 92 2 ,27 8 1 ,9 42

T a i w an , C h in a 1 ,50 5 1 ,6 01 1 ,5 14 1 ,72 4 1 ,5 15

C h in a 1 ,78 0 2 ,3 62 3 ,1 60 5 ,29 9 7 ,2 06

In d ia 1 ,26 0 1 ,4 01 1 ,5 49 1 ,70 0 1 ,6 55 O th ers (1 ) 1 ,08 3 1 ,0 71 8 75 1 ,09 0 1 ,0 15

W O R L D 22 ,84 1 2 4 ,5 65 2 4 ,3 19 28 ,35 9 2 7 ,6 66 (1 ) C z ec h R e pub li c , S lo v en ia , Po la nd , R u s sia , U k ra ine , C a nad a , C ub a , So ur th A f ri c a

2 00 3 20 04 2 005 2 00 6 20 07

Sour

ce:

ISSF

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Global Stainless Steel Production (In Categories)

Figu

re i

n Pe

rcen

tage

Source ISSF

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Steel Production World vs. Asia

19.1620.66

22.8424.56 24.31

28.35 27.66

8.40 9.0410.64

11.89 12.4915.07 16.03

0

5

10

15

20

25

30

2001 2002 2003 2004 2005 2006 2007

Prod

uctio

n in

Mill

ion

Ton

WorldAsia

42.85%

46.58%

43.88%

48.41%51.37%

57.95%53.15%

Source : ISSFYoY Asian Growth in % of World Production

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Price Trend Nickel | Chromium | Manganese

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Nickel LME Prices Quarterly Average

14.8119.92

29.1533.13

41.44

48.05

30.21 29.22 28.9625.68

19.51

-

10

20

30

40

50

60

Jan - Mar 06 Apr - Jun 06 Jul-Sep 06 Oct-Dec 06 Jan-Mar 07 Apr - Jun 07 Jul-Sep 07 Oct-Dec 07 Jan-Mar 08 Apr-June08 Jul-Aug08

Pric

es U

SD/L

B

Source : www.metalprices.com

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High Carbon Ferro-Chrome Prices Quarterly Average

1.95

2.392.23

1.57

0.730.640.650.57 0.64

1.071.35

-

0.50

1.00

1.50

2.00

2.50

3.00

Jan-Mar06

Apr-Jun06

Jul-Sep06

Oct-Dec06

Jan-Mar07

Apr-Jun07

Jul-Sep07

Oct-Dec07 Jan-Mar08

Apr-June08

Jul-Aug08

Pric

es (U

SD

/LB

)

Source : www.metalprices.com

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High Carbon Ferro-Manganese Prices Quarterly Average

1.04

1.41 1.43

0.78

0.730.540.370.32

0.460.39

0.41

-

0.50

1.00

1.50

2.00

Jan -Mar 06

Apr -Jun 06

Jul-Sep06

Oct-Dec06

Jan-Mar07

Apr -Jun 07

Jul-Sep07

Oct-Dec07

Jan-Mar08

Apr-June08

Jul-Aug08

Pric

es (U

SD/L

B)

Source : www.metalprices.com

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Stainless Steel Per Capita Consumption in Kg.

Source: Vale INCO, World Stainless Steel Statistics

C O U N TR Y K G /C AP IT AU n it e d S t a t e s 7 .8 0C a n a d a 9 .1 0B r a z i l 2 .0 0M e x ico 1 .5 0I ta ly 3 0 .0 0G e rm a n y 2 1 .0 0S p a i n 1 2 .5 0F ra n c e 8 .3 0U n it e d K in g d o m 4 .7 0S o u th A f r ica 3 .7 0J a p a n 1 6 .9 0T a i w a n 4 4 .9 0S o u th K o re a 2 4 .6 0T h a i la n d 4 .3 0C h in a 4 .8 0I n d ia 1 .2 0A v e ra g e - a l l o f th e a b o ve 5 .4 0E x c lu d in g C h in a & In d ia 9 .4 0

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Indian Stainless Steel IndustryAn Overview

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Indian Stainless Steel Outlook

India with apparent consumption of 1.4 mt placed 5th in terms of global stainless steel consumptionIndian per capita consumption of stainless steel of 1.2 kg, while China (6kg in 2007) & developed countries in range of 15-20 kgPotential for high growth -

- higher expected growth in GDP & Industrial production- existing low per capita consumption- Availability of key natural resources like manganese and chrome ore- low manpower cost

Indian stainless steel demand expected to grow by 10 - 12% annually Indian stainless steel demand expected to grow by 10 - 12% annually

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Potential for Growth of Stainless Steel Application in India

Railways Automotive & Transport SectorAirports – Private Sector Participation Municipal / Urban Local Bodies (ULBs)Commonwealth Games 2010 in New Delhi Shopping MallsNew HospitalsHotelsHousing

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*Extract from Railway Budget Presented in India on 26th Feb. 2008

• Provision of stainless steel coaches in Mail/Express trainsPlan to produce 4,000 Passenger Coaches each requiring 11 tons Stainless Steel

• New Design Wagons of High CapacityPlan to produce 20,000 Wagons each requiring 7 – 8 tons Stainless Steel

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Stainless Steel - Railway Passenger Coaches

EMU Coaches

Rajdhani Express

Stainless Steel coaches

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All Stainless Steel Coaches

Delhi Metro Rail Corporation -A Success Story

Similar projects are undertaken in other major cities like Mumbai & Bangalore.

Stainless SteelCity Transport Delhi Metro

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Delhi MetroStation

Escalators & Handrails

BenchDustbin

Dividers

Information Board

Stainless SteelCity Transport Delhi Metro

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Stainless Steel ABC – Airport Infrastructure

New International Airport Hyderabad

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Stainless Steel ABC – Airport Infrastructure

New International Airport Bangalore

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Stainless SteelABC – Street Furniture

BOT Project of Jindal Stainless

New Age Bus Shelter

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Stainless SteelBus Shelter – High Capacity Bus Corridor

Fabricated by Jindal Stainless Arc Division

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Opportunities for Stainless Steel hosting Commonwealth Games in 2010

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Stainless Steel in Stadium Architecture

Dragon Stadium, PortugalTelstra, Sydney, Australia

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Stainless Steel in Stadium Architecture

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Stainless Steel in Stadium Architecture

National Stadium

National Aquatics Center

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Re-Development of AIIMS Garden Sponsored by

Jindal Stainless Ltd.

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Re-Development of AIIMS Garden

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Re-Development of AIIMS Garden

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Re-Development of AIIMS Garden

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Re-Development of AIIMS Garden

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Re-Development of AIIMS Crossing

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Stainless Steel uses in Automotive Sector

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Stainless Steel in Passenger Car

Exhaust Manifold

Oil Level Gauge

Gasket

WiperAir Bag Inflator

Seat Belt Retractor

Trim

Antenna

Tail Pipe

MufflerWheel Cap

Center Pipe

Convertor

Flexible PipeFront Pipe

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Stainless Steel in Two / Four Wheeler Segment

A motor cycle exhaust

A car exhaust

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Stainless Steel in Asia

Asian Region in 2007Production : 16 million ton

58% of Global Production (Production of China & India is 33% )

Trend will continue, led by China & India with 40% of World’s population

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Presented byN. C. Mathur

President – Indian Stainless Steel Development Association

Indian Stainless Steel Development AssociationAGM & Forward Looking Session

11th Sept. 2008, New Delhi

THANK YOU