It may have taken well over 850 days for its culmination, but the recent completion of an acquisition in India is being touted as the “single-biggest recovery” under the Insolvency and Bankruptcy Code (IBC) process in India.
Tag: India
Under difficult conditions for India’s aluminum producers, Hindalco looks to diversify
Aluminum producers in India, like their steel counterparts, are going through some trying times. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Rising imports, which could only get worse because of the U.S.-China trade war, and an increase in the cost of production have prompted Indian aluminum producers write to the government, asking […]
India’s domestic steel demand fell in October for the first time in 7 months
India may have become a net exporter of steel this year, but domestic demand may remain a problem area. The US-based Moody’s Investors Service has said in a recent report, titled “Asia: Steel – 2020 outlook,” that India’s steel growth will slow down in the coming days because of weak automotive and manufacturing demand. Looking […]
India could become net importer of iron ore next year
Talk about an own goal. India, the fourth-largest iron ore producer in the world, could become a net importer next year, Cogencis reported recently. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In the April-September period this year, India imported 900,000 tons of iron ore and […]
India appeals WTO compliance panel ruling on hot-rolled carbon steel subsidies
It looks like India is not going to give up its fight with the U.S. and the WTO so easily. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! But first, the original story. Last week, adjudicators of the World Trade Organization (WTO) rejected most of India’s […]
Steel, Other Industries Breathe Sigh of Relief Over India’s Retreat from RCEP Trade Pact
For a while, whether or not India would join the Regional Comprehensive Economic Partnership (RCEP) was touch and go. But eventually, much to the relief of domestic steel companies and those from other sectors, the Narendra Modi-led Indian government decided to sit out the controversial RCEP trade pact, which features the 10 members of the […]
Gold, Silver Purchases Down During India’s Prime Precious Metal Buying Holiday Season
India is right in the middle of its annual festival season that carries on until the year’s end — as is customary, all eyes are on the purchase patterns for gold and silver during the festival of Diwali. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
Amid the Latest Economic Downturn, is the Indian Dream Unraveling?
Prime Minister Narendra Modi’s vision for India to become a $5 trillion economy by 2024 is in danger. The current downturn — the third since the financial crisis — looks likely to undo that objective and extend further into the future as the world’s second-most populous country strives to bring large swathes of its population […]
India’s Coal Imports Drop Despite Coal India’s Operational Setbacks
It has come as a surprise to some in the coal sector that for the third consecutive month, India’s coal imports are set to drop in October. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. News agency Reuters reported India’s seaborne imports of […]
India Becomes Net Copper Importer for First Time in Nearly Two Decades
The inevitable has happened. For some months now, copper industry experts in India have been predicting India would become a net importer of copper during this fiscal year. Well, that has happened. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. For the first […]