India’s large steel export volumes not sustainable in near term: ICRA

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Though weak domestic demand has prompted Indian steel producers to look at exporting the commodity, rating agency ICRA is of the view that large volumes of steel exports from India are not sustainable in the near term. India’s finished steel exports grew 76 per cent during April-May 2020 and stood at 1.71 million tonne, as against the domestic demand, which […]

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India’s rural markets lead recovery in steel; domestic sales pick up

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Domestic sales of steel have picked up, thanks to demand from the rural India, with the restart of industrial activities after India started exiting an extended lockdown to contain the Covid-19. Private sector steel companies, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL), have seen an increase in domestic sales in June over May. For Tata Steel, […]

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India’s domestic sugar consumption to fall by at least 10 lakh tonnes: ICRA

The demand for sugar has witnessed a significant decline following the nationwide lockdown. This is estimated to reduce domestic sugar consumption by at least one million (10 lakh) tonnes  in the domestic market, says a report by ICRA. According to rating agency ICRA, the national lockdown due to COVID-19 pandemic has adversely impacted the sugar […]

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Maharashtra sugar mills to sign separate agreements with farmers for supply and payments

Sugar factories in Maharashtra will now have to sign separate agreements with farmers for cane registrations, cane supply and Fair and Remunerative Price (FRP) payments to the growers from the next sugar season (SS) of 2020-21, according to a new notification issued by the Maharashtra Sugar Commissioner. Earlier factories would sign a single agreement with […]

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