A comparison of the steel prices in the last six months shows that early January levels declined by the end of first quarter of 2016 and although the demand-supply mismatch continues to prevail upon the buyers to exercise dow
BREXIT is the new buzzword generating maximum heat in the media and threatening the stability in an otherwise low-growth syndrome settling in Europe. No worthwhile estimates are available on the possible impact, positive or n
In advanced countries, one of the critical issues being debated in most forums relates to surplus steel availability in the global market and the consequences that trading of such surplus tonnages are leading to.
Unless otherwise restricted by procurement clauses, there is no reason why the domestic availability of steel products cannot fulfill the requirement of the capital goods sector and cut down imports. A long-term plan of subst
The spate of trade measures adopted by various countries against Chinese exports has made China broadly monitoring its export prices. All eyes are set on China as to how it eliminates surplus capacity with targets set for clo
The new series of GDP data needs to be made available for past years also by CSO in order to put to rest the controversies surrounding the parameters like GDP deflator. IIP series has to be recast with 2011-12 base from the c
Steel products of the UK have become non-competitive due to high energy cess which is roughly 50% higher than in Germany. In addition the extra costs imposed by climate change policies have put additional burden on the indust
Steel consumption in the country at 80.5 million tonne in FY16 at an annual rate of 4.5% over the previous year appears to be reasonably good in the context of a negative growth in global steel consumption as well as in China
It is alleged by some quarters that restricted imports of different steel categories under chapter 72 have now shifted to rising imports under chapter 73. This increasing trend of higher indirect imports of steel needs an imm
The precarious scenario on the loan repayment ability of steel producers has prompted the government to introduce a series of supporting measures in favour of the industry, like customs duty enhancement and imposition of safe
The intention behind the order is quite laudable and would go a long way towards establishing the quality of Indian steel in the global market. It is perfectly in tune with the global practice of setting internal standards co
One unique feature of this year’s Budget is that while it does not have a major direct impact on any particular industrial segment, almost all industry players are indirectly influenced by budgetary announcements.
The lagged impact of slower growth in capital formation or asset creation activities in around 86% components of industrial production (manufacturing and electricity) has restricted steel demand growth at only 4.2% in the Apr