Steel 360 - December 2019

Bu konuda

In Reverse Gear
The economy literally went into reverse gear with the July-September, 2019
quarter GDP dropping to 4.5%, a 2.6% fall compared to the Q2 in the previous
fisc. And how did the steel landscape look in the year that was? Bleak. Domestic
steel prices crashed 10% across January-August. Private sector investment
backed down on liquidity tightness, dull demand and weak exports. Infrastructure
activity slowed due to the general elections, casting a long shadow. Decelerated
auto sales kept sentiments flat. Naturally, most steel companies' Q2 results took a
hit while a heavy monsoon water-logged demand further. Read our Cover Story
on pg. 36.
In these hard times, operational efficiency is the key. Technology traces on
pg. 56 the process of reducing capex, using 100% iron ore fines.
It's an impressive line-up of 176 bids as Odisha resumes its mineral auctions for
the first 10 blocks after more than a year. It's a classic case of too many miners,
too few mines.
In People, on pg. 20, we converse with Nakoda Group boss Virendra Goel who
spearheaded the growth of one of Chhattisgarh's leading TMT brands.
A corpus of INR 32,553.81 crore has accrued to the DMF out of which only INR
6,944 crore has been utilised. The road to benefit of the mining-affected is a long
one. Impact probes on pg. 16.
Gas-dependent Bangladesh is turning to coal on the back of
frenzied infrastructure demand, opening up a sea of
opportunities for exporters. World View catches the demand
drift on pg. 18.
Plus, we focus on a lot more. Enjoy the read!
Steel360 wishes its readers a very Merry Christmas
and a Happy New Year.

Steel 360 Magazine Description:

Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.

Web: https://www.steel-360.com