November, 2024 Issue

The most discussed topic during the month of November 2024 was the outcome of the US election results and how Mr. Donald Trump’s victory could have a significant impact on the global economy vis-à-vis the World Steel Industry and also the ripple effects on... ...

October, 2024 Issue

During the recent month in a surprising shift India turned out to be net imported of steel during 2024. Without imports reaching almost 25% during the period of April-August over 40% of these imports came from China, making a significant shift in the market. During the month of July... ...

September, 2024 Issue

Rating agency ICRA projects the domestic steel consumption growth at a healthy 9-10% in FY2025. Demand was robust in Q1 FY2025, with consumption growing at a rate of 15% on a YoY basis amidst competitively priced imports. Demand may record some ... ...

August, 2024 Issue

During the month of July 2024 world crude steel production for the 71 countries reporting its figures to Worldsteel Association pegged a figure of 152.8 million tonnes of crude steel production which is a 4.7% decrease compared to the same figure of July 2023. Among the top... ...

July, 2024 Issue

From the month of May 2024 global steel prices underwent a correction phase amid subdued demand making imports more attractive. India’s Hot rolled coils (HRC) and plate imports are expected to surge by around 85% to 1.35 million tonnes in the second... ...

June, 2024 Issue

During the month of May, 2024 India produced around 12.2 million tonnes of steel while China produced 92.9 million tonnes and Japan produced 7.2 million tonnes. India was the only large steel producing country other than Turkey and Iran who reflected a substantial growth... ...

May, 2024 Issue

According to World Steel Association (Worldsteel) the global demand for steel is to pick up by 1.7% in the year 2024 and 1.2% in the year 2025. Worldsteel has stated that the economy worldwide appears to be moving towards a soft landing as a result of public infrastructure... ...

April, 2024 Issue

The city of Düsseldorf is coming alive once again from April 15-19, 2024. Wire and Tube 2024 is an international trade fair for the wire and cable industry that will take place from April 15–19, 2024 at the Dusseldorf Exhibition Centre. The motto of the 2024 convention is... ... ...

March, 2024 Issue

As we delve into the dynamics of the steel industry, both in India and on the global stage, it is evident that the sector is undergoing a transformative phase. The steel industry, often considered the backbone of economic development, plays a crucial role in shaping... ... ...

February, 2024 Issue

In the dynamic realm of the steel industry, January 2024 saw a 1.6% decrease in global crude steel production compared to the previous year, signaling a landscape in flux. As the industry grapples with market fluctuations, environmental concerns, and technological ... ... ...

January, 2024 Issue

In the realm of steel production, the global stage witnessed a nuanced symphony of resilience, growth and sustainability initiatives in December 2023. Despite a slight dip of 5.3% compared to the previous year, the total world crude steel production for ... ... ...