The GST had been the topic of endless discussion and consultation among traders for months, leaving the entire nation pondering of unforceable circumstances and yet standing shrouded in ambiguity till the day it was finally rolled out. Threatening to disrupt decades old trade practices, the GST, unprecedented in scale and complexity, instilled angst and apprehension in the business community. The mere magnitude of the change for a country of the size of a continent became a talking point for the world media. While skeptics minced no words in criticizing the GST, its supports, as ardent as the former, threw their weight behind the Government’s decision. Leading the offensive for the GST front was the industrial sector, primarily the steel industry. And comprehensibly so, as major steel manufacturers saw a ray of light, for a beleaguered industry which had withstood several tests of time and stood fatigued under an increasing debt burden.
Ideally the Indian monsoon seasons witness limited construction activity thus keeping demand low and prices down. Defying historic trends, the disruption of purchasing and stocking patterns, have kept the prices high. These short term price trends of course cannot be attributed to the GST directly and may likely correct in days to come as demand flattens.