NEW YORK, Nov. 14, 2016 /PRNewswire/ -- About Steel Industry Steel is composed of iron, carbon, metal impurities, and alloying elements that determine its chemical and physical properties. Based on its properties, steel is classified into carbon steel, alloy steel, and stainless steel. It has numerous advantages such as strength, durability, corrosion resistance, hardening ability, formability, welding ability, and ductility.Technavio's analysts forecast the Indian steel industry to grow at a CAGR of 6.99% during the period 2016-2020. Covered in this reportThe report covers the present scenario and the growth prospects of the Indian steel industry for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Indian steel industry.Technavio's report, Indian Steel Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors- SAIL- JSW Steel- Tata Steel- Essar Steel- RINL Other prominent vendors - Bhushan Steel- Facor Steels- Gerdau- Jindal Steel & Power- Mahamaya Steel Industries- MESCO Steel- VISA Steel Market driver- Increase in residential projects.- For a full, detailed list, view our report Market challenge - Increase in construction costs.- For a full, detailed list, view our report Market trend - Steel as a sustainable material.- For a full, detailed list, view our report Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be?- What are the key market trends?- What is driving this market?- What are the challenges to market growth?- Who are the key vendors in this market space?- What are the market opportunities and threats faced by the key vendors?- What are the strengths and weaknesses of the key vendors?