Buying Galvanized Steel and Prepainted Steel Buying Galvanized Steel and Prepainted Steel…. Buying from overseas is arduous and tests even the very best pocurement managers. China is of course the destination for most and it is an ocean. Needless to say even the best swimmers respect the ocean before venturing out. China can be deceptive […]
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Protectionism and its downside We are seeing in the Indian Steel prices the outcome of multiple trade and non-trade barriers on imports over the last couple of years. Steel prices have sky rocketed. Small and medium scale industries are in doldrums as the prices are unsustainable and they cannot import their requirements in small quantities.
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Jobs, jobs, where are they in India? Jobs are there in India. But they are in Small and Medium Sector in India. They are are in the informal economy. They are there are in the small Service Sector. But these sectors are not sleek. The owners do not have associations to represent themselves with the
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Thoughts on “Make in India” Each morning as I step out of my car, I run into the “Make in India ” lion…it is indeed a wonderful morning inspiration for India s growth and potential. However the words “Make in India” seem a little isolationist. So are we going to make everything from a simple
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Is it the death knell of SMEs and MSEs in India? Is it the death knell of SMEs and MSEs in India? Times are exceedingly difficult for the steel user industry particularly in the SME and MSE sector. Thanks to MIP steel supplies have dwindled and prices are sky high making their products and very
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A unique experience with WOS The onset of May marked the end of my second academic year at Indian Institute of Technology, BHU. Two long years of metallurgical training and still I was clueless when it came to relating the theories taught in the classroom to actual application. An internship was an absolute necessity. However
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Heads I win, Tails I win If you are a steel producer in India, you have the best of both worlds. You take risks in the global market, you go for greenfield and brownfield projects, mergers and acquisitions across the world and when markets turn sour and business plans go awry, you can retreat and
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A headache called “Steel” Steel is making more headlines than perhaps any other Industry in India. Daily there is a barrage of news…cheap steel, dumping and the Government is pitching in with a slew of notifications…BIS, anti-dumping, safe guard duties, MIP (Minimum Import Prices) and the threats continue for port restriction. The biggest irony is
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Budget 2014-2015 Highlights This is what has been gathered for our steel sector: Budget 2014-2015 Highlights 1. Royalty rates on minerals to be revised , which was due in 2012 2. Rationalizing Coal linkages and assuring adequate supply to power plants 3. Import duty on all type of Coal rationalized to 2.5% and 2% CVD
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GREEN SHOOTS FOR STEEL RECOVERY? Is it a mirage or is it real? Are we seeing a steel recovery? There are mixed signs but Chinese price hikes are holding and mills are trying for further increases. The domestic market prices are well above the prices mills can achieve in the export market thanks to the
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