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 […]
Heads I win, Tails I win Read More »
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
A headache called “Steel” Read More »
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
Budget 2014-2015 Highlights Read More »
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
GREEN SHOOTS FOR STEEL RECOVERY? Read More »
Steel Industry – Need for transformation! It has been a cycle of gloom-boom and again we are getting towards the gloom in the steel industry. Of course last 15 years has seen much changes, one is of course geographical shift to the East and more particularly to China and India. Production has also risen in
Steel Industry – Need for transformation! Read More »
Women hold half the sky in China A saying of Mao which is actually practised in China and it is particularly heart warming in our steel industry. What we usually see among men of steel is men drinking (Ok Chinese also drink), smoking and discussions of various prowesses, in China it is replaced by the
Women hold half the sky in China Read More »
Buying Prepainted and Galvanized from China Writing a blog from the spot is always challenging and perhaps even invigorating….nothing like smelling the coffee and writing about it rather than sitting in an airconditioned room and intellectualizing. I have been visiting Prepainted Steel mills in China. Price differentials are amazing between each mill especially as you
Buying Prepainted and Galvanized from China Read More »
How far has India come? The recent news of steel centers and marketing offices being opened by Essar in Europe for distribution is a culminations of many small and some big steps taken by the Indian Steel Industry. If one was Rip Van Winkle and had just woken up after a 20 years of snoozing,
How far has India come? Read More »
Experience with World of Steel It was the month of August, when I came to know about the brand World of Steel from my seniors. They had come to Mumbai for some project and told me about the great experiences they had working with Mr. Daanish Ellias and Mr. Gitesh Chavan which in turn motivated
Experience with World of Steel Read More »
Escalating Prices — A bullwhip effect The recent steel price escalation reflects the classic bull whip effect in the global steel supply chain. Primary reason is the constraint of Coke supplies from Australia due to floods in Queensland. This disruption in Coke has created an exponential cascading effect on the steel supply. It is well
Escalating Prices — A bullwhip effect Read More »
