India’s steel industry is on the border of another crisis. The persistent economic slowdown is threatening the industry with a demand deceleration followed by a price fall to put pressure on margins. This is despite the fact that the industry has so far witnessed a steady output growth.The index o...
The Indian economy is passing through a phase of slowdown. Steel prices are falling and the government’s fiscal deficit is expected to rise. The national Budget is expected to announce many areas where public investment will be high. The corporate sector will also be benefited when public investme...
The steel industry is generally overlooked when one thinks of digital and technological innovations. The industry needs technological upgradation to achieve its true potential, especially considering the challenges the industry is presently facing. A report titled, ‘The Indian steel industry: grow...
Anmol Stainless Private Limited (ASPL) is one of the prominent players in the stainless steel market in eastern India. Key products of ASPL include stainless-steel stripes, cold rolled coils circle, pipes and tubes. Ashish Choudhary, Director, ASPL, spoke to BE's Kuntala Sarkar.Q. What is your marke...
Indian Steel Association (ISA) as a platform for the Indian iron and steel industry addresses issues and challenges common to its members. The vision of the Indian Steel Association (ISA) is to transform the Indian steel industry as a global leader. Bhaskar Chatterjee, Secretary General and Executiv...
According to the ‘Global Steel Trade Monitor’, a report by International Trade Administration, “India was the world’s ninth-largest steel exporter in 2017. In 2018, India exported 10.6 million metric tonnes of steel, a 34% decrease from the 15.9 million metric tonnes exported in 2017.”&nbs...
Shakhambhari Ispat and Power Limited (SIPL) is one of the leading steel manufacturers in India. In 2019, SIPL acquired SPS Steel Rolling Mills Ltd. through the NCLT process along with the brand Elegant Steel. This has collectively increased the turnover of the group to around Rs 3000 crore. Dipak Ku...
In recent times, thermo-mechanically treated (TMT) steel bars have gained popularity in the construction industry. TMT is a process in which the steel bars are subjected to constant and repeated cooling to attain maximum yield strength. These anti-corrosion bars are used for industrial establishment...
The global economy is facing severe headwinds;as such the economies of most countries are facing downturns. The global economic growth is projected at about 3%. The situation in India is similar. But there is a slight difference because the Indian government is taking some proactive measures to coun...
Today we live in hard times. The society is apparently divided between two extremes – the bhakts and the critics. So is the media. Earlier it was said about the media that when it was asked to bend, it crawled. Today, it moves further and follows the traditional ‘shastanga pranam’ or falls fla...