The 23 European Union Member States have significantly more than steel production facilities plus they provide immediate and indirect employment and a living for millions of Europeans. The EU metal industry operates across nationwide edges, and the industry has a solid and useful position in domestic markets, particularly in high-end sections. The material manufacturers in europe are well established in their principal home markets, and they have strong relations with their customers all sub-sectors. This also creates a solid groundwork for looking for new business opportunities in high-end export market segments.
Tata Steel, part of the Tata group, based in Mumbai, has exploits in various categories including tea, automobiles, communications, power and salt. It is estimated that the Tata Steel group produces 31million tonnes of Steel per year. To expand from India into the global marketplace Tata Steel has made numerous acquisitions including Millennium Steel inNat steel inand Corus Steel in ZGand its large, low-wage workforce.
Following three decades of stale growth, often blamed on the following of socialist-inspired policies India has progressed towards a free market economy through economic liberaisation.
Being formed in India has proved advantageous to Tata steel due to the close proximity of captive mines of iron ore and coking coal from Jamshedpur.
This allows transportation, raw material and other logistical costs to be reduced. Tata Steel is introducing the more efficient method of continuous casting across its steelworks, seeing production increase from 5million tonnes per year in to nearly 10 million tonnes in However, poor infrastructure in India can have negative impacts on productivity for Tata Steel.
For example, power shortages are common across the country, which can stop the production process. Also, the transportation links within the country, for example road and rail connections, are of a low standard which can make the distribution and supply process inefficient.
Also, the productivity of the workers in India is much lower than those workers at European based steelworks. Crude steel output at the biggest Indian Steelmaker is roughly tonnes per worker per year, whereas in Western Europe the figure is around tonnes .
Steelmaking is a heavily polluting industry, and recently there has been a consumer driven shift in corporate values regarding environmental and social impact, favoring fair and environmentally friendly business.
These projects combined with the company values, give Tata Steel an eco-friendly image, which is becoming increasingly important in the current global marketplace. Whilst the workers in India are paid low wage, Tata steel runs many Health, Education, and Agriculture programs in an attempt to contribute to local and regional development.
These programs also indirectly benefit Tata Steel as if their surrounding workforce is kept healthy and satisfied they are likely to be more productive.- SWOT ANALYSIS SWOT stands for the internal strengths, weakness and the external opportunities and threats.
A swot analysis summarises the key issues from the industry and the strategic capability of an organisation that are . The SWOT analysis is a strategic planning tool that can be used to evaluate the Strengths, Weaknesses, Opportunities and Threats that are involved in a business organization, a project or an industry.
European Metal Industry A Swot Evaluation Economics Essay The SWOT analysis is a strategic planning tool you can use to evaluate the Strengths, Weaknesses, Opportunities and Risks that get excited about a business firm, a job or an industry.
Steel Industry Analysis Economics Essay. Published: November 21, INTRODUCTION: Indian steel is doing well from many years.
Steel industry is contributing near about % in the total GDP. Because of the industrial growth and other important developments happening all over the world the so rapid rise in demand of the steel is observed in.
Economic analysis of Dell Desktop Computers Industry Demand, Costs and production, Market Structure, SWOT analysis, Global Strategy, Recommendations Economic The Economic Principle Of A Financial Economics Degree.
Tata Steel, established in , is one of the world’s most geographically diversified steel producers, with operations in 26 countries and commercial offices in over 35 countries.
Tata Steel, part of the Tata group, based in Mumbai, has exploits in various categories including tea, automobiles, communications, power and salt.