The view is sure to generate a whole lot of discussions and past references of similar tragedies, but the crisis of this dimension in terms of loss of humans, everyone would agree, had not taken place in the last one century.
Coming back to the state of steel industry in the first 11 months of the current fiscal, it can be surmised that growth and health of the industry was reasonable. During this period, the crude steel production at 101.1 MT ros
It is also traditionally true that in India the domestic market coverage is the first and foremost driver of steel capacity creation as catering to the export market in majority of the cases comes second.
According to latest IMF economic outlook projection, the global economy is to grow by 3.4% in 2020, while Chinese GDP has been estimated to grow by 5.8%. With the outbreak of the recent crisis, Chinese economy may not achie
The National Highways Authority of India is set to commercialise the development of over 6,000 km of highways by 2024. Railways is to achieve electrification of 27,000 km of tracks, four station re-development projects, set u
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.