Once, it used to be a major supplier of steel for most of India’s domestic consumers. But with COVID-19 and its subsequent lockdowns and the almost overnight disappearance of the steel market, the public company Steel Authority of India Ltd (SAIL) finds itself painted into a corner.
Tag: India
India charts its own path through the coronavirus pandemic
The fear, so far largely unfounded, at the start of the pandemic outbreak is that it would be bad for developed economies with well-funded health care systems but disastrous for developing economies with immature or underfunded health care systems. The reality has been much more mixed.
Indian steel sector critical of rise in country’s iron ore exports
The rising exports of iron ore, especially pellets, from India has put steel manufacturers and exporters at loggerheads. According to official figures, India’s ore exports between January and March 2020 were 8.9 million tons against 2.0 million tons during the same period last year. In fiscal year 2020, exports were at 25.14 million tons, up […]
To the chagrin of domestic producers, India becomes net importer of copper
The COVID-19 pandemic — and even conditions prior to that — has turned India into a net importer of copper, with at 132,445 tons imported between April 2019 and January 2020.
India turns net steel exporter in March
Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020. A CNBC report claimed India’s steel consumption had touched the psychological barrier of 100 million tons (MT) this fiscal year. Looking for metal price forecasting and data analysis […]
India’s stainless steel production forecast to tumble this year
India’s stainless steel production has registered a slowdown in growth in 2019, but worse is going to come. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo A report by the International Stainless Steel Forum (ISSF), the Brussels-based body of the World Steel Association, […]
COVID-19 pandemic to hamper India’s iron ore export business
Like its metals markets, India’s mining sector is in a state of turmoil because of the ongoing COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A new report by data analytics company GlobalData has forecast India’s iron ore exports will decline by around 25% […]
Indian steel leaders slash output amid COVID-19 disruption
Like their international counterparts, Indian steel companies are under immense stress because of production and demand disruption in the wake of the COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Press Trust of India reported Tata Steel and Indian public sector Steel Authority […]
Tata Power Solar launches rooftop solution in Delhi, Mumbai
When traditional power generation companies start talking retail solar power, it’s time to sit up and take note.
India’s steel sector faces challenges from coronavirus, Beijing’s export incentives
Like in other countries, the outbreak of COVID- 19 and the subsequent lockdown threatens to disrupt India’s steel production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! What’s more, there are reports coming in now that Indian steel companies will face even more competition from rivals […]