In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market
The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal
Shrinking domestic demand offers the industry the chance to become globally competitive
Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.
Companies to either delay or shelve Capex plans
Although the downturn is led by consumer and service sectors, massive dislocations in spending, labour markets, and confidence are fuelling declines in steel-using sectors, the global body said
Workers at the Dutch subsidiary have been unhappy since the sudden departure last month of their CEO, Theo Henrar
Operational performance, volume growth guidance bode well
Operational performance is expected to remain good, and volume growth guidance too bodes well
Ensuring return of labour as important as sending them back home, says Seshagiri Rao
Pradhan reviews Rs 8,000 cr worth projects to align with PM Modi's Aatmanirbhar Bharat plan
While companies are unable to move material, dealers continue to suffer due to absence of any business
Bleak demand outlook in the domestic as well as global market is another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters
Weak domestic demand is likely to lead to inventory pile up, exerting pressure on steel prices, agency says
The steel sector has been gradually recovering from lows since November
Adhunik is an integrated steel plant located at Chadrihariharpur near Rourkela in Odisha with steel making capability using the blast furnace and electric arc furnace
Next two-three months to test if domestic steel price hikes are sustainable
It already owns six iron ore mines in Karnataka, with a combined capacity of eight mn tonnes a year
The basic customs import duty on anthracite coal is 2.5 per cent
Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime