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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China’s plans to build 1,600 km of subway to help revive its steel sector

A push to expand subway networks in some of China’s biggest cities along with a drive to boost broader infrastructure investment in the world’s No.2 economy are helping brighten the outlook for country’s massive steel sector. It is expected that the approval of the infrastructure spending will boost expectations of more steel demand and might even lead to a price rally in steel. […]

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China plans to build 1,600 kilometres of subway to help revive its steel sector

A push to expand subway networks in some of China’s biggest cities along with a drive to boost broader infrastructure investment in the world’s No.2 economy are helping brighten the outlook for China’s massive steel sector. It is expected that the approval of the infrastructure spending will boost expectations of more steel demand and might even lead to a price rally in steel. […]

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