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
The news of Moody’s upgraded Credit rating for India from BAA3 to BAA2 is making rounds. It gives credibility to the reform measures taken by the government as positive steps towards boosting up the fundamentals of Indian e
The manufacturing sector directly impacts steel demand to the extent of approximately 40%, and indirectly lifts another 10-15% by supplying machinery and equipment to meet the demand from construction sector.
Belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability figures in the official statistics that has made the finished steel availa
The SMEs take a production share of 64% in TMT, 38% share in wire rods, 92% share in plain rounds and more than 66% share in structurals. It is known that SMEs are the major producers of alloy and SS long products.
IIP has grown by 1.7% in the first 4 months of the current fiscal with manufacturing growing at 1.3%, capital goods, consumer durable and infrastructure and construction sectors witnessing a growth of (-) 3.5%, 2.1% and (-) 0