It was apparent that unabated Chinese appetite for iron ore and coking coal on the back of 7% rise in crude steel production (China produced 904.2 MT of crude steel during January to November 2019) was the primary driver to t
Budget 2020 India: There is a need for reforms in contracts and guidelines, relevant for the critical sectors of the economy to make them vibrant, user-friendly, transparent and facilitating quick redressal.
Along with prices of major raw materials, there is a marginal rise in demand for steel, primarily for restocking purposes. In October’19 there was a general feeling in the market that steel prices have reached the bottom.
The FDI and other foreign sources of funding can make up the balance of the investment required. It is therefore gratifying that the high-powered committee formed by the government to identify major projects for funding in ne
Continuing with the premise that liquidity issues have afflicted Indian economy and therefore the regular production trend of the commodity sector, a few more data by the Reserve Bank of India (RBI) have come to light.
In Q3 of FY19, Indian economy grew by 6.6% and by 5.8% in Q4. If these rates are superimposed on today’s growth numbers, may be in reversed fashion, GDP in FY20 may reach a growth level of around 5.7% in the minimum which,
Maintenance activities in steel plants have gained prominence and this is a well established policy and seldom is given priority when the pressure on production to cater to a growing market is predominant.
There is a distinct shift from coal to natural gas for electricity generation in advanced countries and India also must enhance the availability of natural gas for increasingly higher use by steel plants to reduce carbon emis
This was truly evident in the latest World Economic Outlook report of IMF as it has coined the term ‘synchronised slowdown’ to describe the global economic movement in the recent period and make projections for next year.
While policy support from the government in monetary, fiscal and trade areas is all set to boost the local demand and raise the animal spirit in the private corporate sector, the thrust on steel exports by strengthening prese
During April-July’19, India’s steel consumption grew by 6.6%. In this period, the total steel imports have reached 2.7 MT with a share of 8.4% in total steel consumption. This is an area that can provide some additional s
Steel intensive structures are chosen due to long term cost advantage (life cycle cost analysis), durability and flexibility to support modification and replacement and above all for environmental friendliness of steel.
In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation th
The growth rate of total imports from an annual average of 31.3% in low growth periods has currently come down to 23.6%, thanks to the indigenisation drive by the government in defence, power, steel, machineries, among other