Over the years, industry capacity shrank beyond recognition to 11 cane crushing units from 28 till the late 1980s, as production cost is not covered by realisation from sugar sales
It is mostly Japan and South Korea, which, taking advantage of the low import duty of three per cent because of their free trade agreements with us, are sending steel products here
In the first eight months of 2012, its Y-o-Y imports of refined copper rose 57.7% to 2.39 mt and of concentrate 14.1% to 4.6 mt
India's iron ore exports, which almost entirely are destined for China, have skid from 117 mt in 2009-10 to 61.8 mt last year and this time it will be around 35 mt
In the first half of 2012-13, our steel imports surged 33.7 per cent to 3.85 mt. Exports rose by five per cent to 2.367 mt
Shipbuilding industry has to contend with no signs of recovery in large crude market and speculative LNG demand
Indian import duty of 10% is no barrier to sugar of foreign origin travelling to our shores for the reason imports are taking place, export interest has ebbed away despite local surplus
Edible oils are a sensitive commodity and an import duty at this stage could result in a mark-up of prices
As aluminium prices are moving towards $1,800 a tonne, 30% of the world capacity stands unviable
While the electrical sector will continue to remain the biggest user of aluminium, demand from transport, construction, packaging and consumer durables sectors too will rise
Prices of benchmark ore with 62% iron content fell 50% y-o-y to $82 a tonne
The world got a demonstration of how quickly New York raw futures and NYSE Liffe white sugar will change course with any adverse or favourable weather announcements for Brazil and India