In this issue

Several prognostications over the last fortnight gave dour indications of stifled
growth. S&P Global said the economy was “in deep trouble” and expected growth
to contract 5% in the current fiscal before rebounding in 2021. Moody's Investor
Service further downgraded its growth forecast for India to -3.1% this calendar
compared to 0.2% in April, although it expects a marginally stronger rebound at
6.9% in 2021, as opposed to 6.2% in the April update. ADB expects growth to
contract 4% this fiscal and warns countries in “Developing Asia” would “barely
grow” in 2020. Editor - Technology
Nirmalya Deb
Analysts say, the reasons could be constraints in containing the virus and lack of
consumer demand that are impacting businesses while the struggle continues as
India remains a long way from developing herd immunity and an effective remedy
is still elusive.
Like other steel players, Rashtriya Ispat Nigam Limited felt the suffocating impact
of COVID-19 from mid-March. Exports held out a ray of hope. In our cover story
on pg. 39 we zero in on RINL CMD Pradosh Kumar Rath to learn how the steel
PSU is looking to unlock opportunities post-lockdown.
We start a new section, Coal360, where, on and off, we turn the spotlight on
issues plaguing the fossil fuel. In this issue, on pg. 12, BCCL CMD P.M. Prasad
tells us about the company’s contingency plans to combat the impact of the viral
outbreak on domestic coking coal. Also, on pg. 27, we take a close look at the
PSU’s Moonidih washery’s green operating environment.
World View explores on pg. 06 the scrap demand terrain in Bangladesh and
Pakistan.
Plus, we focus on a lot more. Enjoy the read!

Steel 360 Magazine Description:

Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.

Web: https://www.steel-360.com