VEHICLE RECYCLING IN INDIA A Multi-Billion Dollar Opportunity?
In a time where various economies are entirely functioning on recycled auto scrap; India, the fastest growing economy in the world, has taken inordinately long to foray into the business. Not only is scrap generation from auto recycling a big- buck making industry, it also comes with the added perk of being environment friendly by […]
Fall in Indian Manganese Ore Production in FY16
Indian manganese ore production fell on account of low off take and poor demand from manganese alloy manufacturers, who struggled with over-capacity and low margins. Manganese ore production in FY16 was assessed at 2 mnt against 2.24 mnt in FY15, registering a fall of over 10%. Production in FY16 was also low on account of […]
China to Import 1 Billion Tonne Iron Ore in 2016
Looking at the significant growth in China’s iron ore imports m-o-m starting 2016, analysts see it very likely that China would import around 1 billion tonne iron ore by the end of the year. With Chinese domestic crude iron ore production getting lower with time, Chinese steel mills are increasingly relying on imported ore for […]
Demonetizing the Steel Industry – Desirable or Defeatist?
BY DR SUSMITA DASGUPTA Demonetization is a simple act of drawing out of circulation currency notes usually of higher denominations from legal tender. It is a measure which is used by the governments either to flush out fake currency notes, or to track black money or even to change the currencies, for instance, local currencies […]