China unveils infrastructure plans; will boost steel, diesel demand

China has laid out plans to issue Yuan 3.75 trillion ($526.8 billion) of new local government special bonds this year, up from Yuan 2.15 trillion in 2019, which will boost infrastructure construction and benefit diesel as well as steel consumption. The announcement came during Premier Li Keqiang’s address to the National People’s Congress on May […]

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Steel producers in India raise prices by Rs 1,000-1,500 a tonne as demand perks up

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Responding to cost pressure and greater demand, domestic steel producers have raised prices by Rs 1,000-1,500 a tonne across products for January, reports Business Standard. “Iron ore miners have increased prices by Rs 600 per tonne and so this increases the cost of production by Rs 1,000 a tonne. Hence, we have hiked prices from […]

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Indian budget focuses on agriculture infrastructure and farmers

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By Biman Mukherjee Amid concerns about rural distress, Indian Finance Minister Nirmala Sitharaman in her maiden budget speech announced a big push to agriculture infrastructure such as roads and encouraged farmers to move towards a low-cost model and greater resources efficiency. Under the Pradhan Gram Sadak Yojana, the budget promised to upgrade 1,25,000 kilometre of […]

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