Steel 360 - December 2020

Bu konuda

2020 Vision
2020! Phew, what a year in the history of civilisation. The jury is still out on whether it
is possibly the greatest baddie or our forefathers had seen even worse. But, the world,
on its part, has witnessed unprecedented times, when survival, in more ways than one,
has become the greatest challenge.
The year started on a catastrophic note with the Australian bush fires still raging and
killing or dislocating close to 300 crore animals. This was swiftly followed by the
deadly Covid-19 pandemic’s entry that has seen 61 million cases worldwide and 1.43
million deaths at the time of writing this edit. Economies collapsed and are still
struggling. Job losses became rampant. Daily wage earners starved. The colossal
reverse migration laid bare the plight of India’s have-nots. Natural calamities left a trail
of devastation. Work-from-home, sanitisers and masks became the new normal.
Lockdowns, virus, pandemic, vaccines became the watchwords.
The steel industry too was impacted badly with several user industries coming to a
halt. The secondary sector had to almost down shutters in the initial stages. Overall,
steel production reduced by a whopping 65% while mills survived on exports. With the
lifting of the lockdown, economic activity started resuming slowly with the second
quarter seeing unprecedented hike in raw material and product prices. The third
quarter saw a muted festive season with auto and white goods sales going northwards
but on a low base.
However, the scars of the ongoing pandemic will not heal swiftly what with both
production and consumption dented badly. It could take one full year for the industry
to recover to the levels seen in 2018-19.
This special issue of Steel360 takes a look back at the year that was.
Steel360 wishes its readers a Merry Christmas and a Happy and Healthy 2021.

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