As excess steel capacity was found to be the single phenomenon damaging the interests of the global steel producers during 2014-2017 in terms of lowering the prices and thereby the profitability of the industry, China having
Industrial production data for March’18 is a little disappointing. But keeping in view the fact that not full production data of various items are compiled within the scheduled time, the revised data for March’18 that wou
Last week, we reviewed the commodity prices as they are likely to behave in FY19. The available indications suggest a gradual downward trend in global prices of iron ore, coking coal and scrap from the current level.
It is customary to predict the short term outlook for the market in the first month of the new financial year. The primary basis of the prediction relates to the behaviour of the economy as it is projected to grow in the comi
All these countries and block have been advised to enjoy exemptions till May 5, 2018 by which time they would be needed to work out a long term plan to address the issue of exporting to US and not impair the national security
The year 2018 began with a great deal of expectations, be it in the global arena or specifically for India. The global economy that ended 2017 with a GDP growth of 3.6% had put India’s growth at the top notch with a 7.2% gr
Interesting to note that higher volume of imports from Canada, Mexico (both are NAFTA members), Japan, Germany, Taiwan, Netherlands, Italy, UK and UAE do not figure in the group of injury-inflicting countries, may be on groun
2018 is likely to exhibit a more or less sustainable scenario with no major shock as the so-called Chinese juggernaut continues to trudge along a not-so-smooth roadway. The external shocks may originate from steep rise in oil
Budget 2018: In the Budget for 2018-19, a sum of Rs 5.97 crore has been allotted as Budgetary and extra budgetary expenditure on infrastructure sector exceeding last year’s estimated expenditure by more than 20%.
Already a few assessments are available on how the new year would shape for the steel industry. Irrespective of the details on price movement and profitability, it is generally believed that the year 2018 would give more bene
The New Year has brought us the good news that manufacturing sector, after a gap of many months, had moved up by 10.2% in November 2017 which pushed up the overall industrial production rate to 8.4% in the month.
This year’s Budget, therefore, needs to earmark a significantly higher growth in investment for construction and infrastructure sector with a higher contribution from the private corporate sector in brown field expansion of
As the year 2017 has completed it journey, WSA has come out with the latest report on indirect trade in steel. The report, which is a continuation of methodology and data adopted by WSA uniformly for all the countries, compil
Indian data on steel exports and imports compiled by UN Comtrade varies widely from the figures compiled by JPC, which in turn varies from DGCIS data that is accepted by WTO for all investigations under trade measures
During the first 8 months, semis, bars and rods, HRC, billets/slabs, CRC, coated products, pipes and plates comprise around 97% of total steel exports. The export basket, which was heavily loaded with plates a decade ago, cur