Indian steel makers cut capital expenditure on slow growth and to conserve cash

After a lacklustre performance in the second quarter, several top domestic steelmakers are cutting down on capital expenditure and conserving cash, for what can be described as a long winter before demand revives. Tata Steel, JSW Steel and Jindal Steel and Power (JSPL) have decided to slash their capital expenditure for the year, says a […]

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India’s new steel scrap policy raises concerns on higher unprocessed imports

India’s new steel scrap policy has raised several market concerns ranging from a surge of mixed metal (unprocessed) scrap flowing into the country to challenges of setting up recycling centers, market participants said. On 6 November, 2019, India’s Ministry of Steel unveiled its steel scrap recycling policy after seeking industry feedback on a draft of […]

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India to facilitate onion imports for quick supply as domestic prices rise

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The Department of Consumer Affairs (DoCA) through an inter-ministerial committee has again reviewed the prices and availability of onions. During the meeting it was informed by officials that supply disruptions are mainly due to rain and two cyclones and it is expected to improve in the coming days. With supplies running short and onion prices […]

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