A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials
"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO
They are unwilling to revise prices upwards following weak demand due to sluggish infrastructure and construction activity
"Crude steel production stood at 8.662 MT in April 2019, up by 0.1 per cent over April 2018," the steel ministry said.
Ratings agency CARE Ratings feels the upward trend in production and consumption is expected to continue through the rest of this fiscal
Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 881.5 million tonnes (mt) in the first half.