China’s growth in steel output does not go with the country’s stated intention to lower unviable and polluting steel capacity. That was partly to overcome the global concern over its surplus steel output flooding global markets. The overall numbers do not indicate any slowdown in its output. China remains the main reason why iron […]
Is Iron Bubble About To Burst?
World’s largest exporter of finished goods, China is on top in gross value of industrial output and iron ore consumption. There are various factors that have slumbered China’s growth, debt ridden economy which was used as stimulus as credit supported industries, industrial overcapacity, environmental challenges, etc. China’s economic growth settled at 6.7% for the first […]
Growing Demand of Foundry Sector
India’s foundry industry, which is the third biggest globally in terms of production capacity (10 million tonnes in FY16) after China (40 million tonnes) and the US (11 million tonnes), has an installed capacity of 15 million tonnes per year. Foundry Industry has a turnover of approx. USD 19 billion with exports approx. USD 2.5 […]
Iran Leads DRI Production in 2016
For a country from which sanctions were lifted only a year ago, Iran seems to be picking up pace and how! Investments, boost to construction, increasing steel production, pellet imports – Iran is pushing itself up after decades of remaining stagnant. In this particular instance, let’s talk about the nation’s DRI production. Iran took the […]