Steel 360 Magazine - March 2017
Steel 360 Magazine - March 2017
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In this issue
Life Post Demonetization
Steel is a cyclical commodity and so are the market dynamics & policies affecting its trade and consumption. It takes anywhere between 3 to 5 years for a sizeable green field project to start producing at commissioned capacity level; innovative products may even take longer to stabilize. The markets on the other hand move on an animated course with numerous domestic and international factors striking it every day. So in a fast developing economy like India, it becomes loads more challenging to plan a production line whether it is TMT, Coils or any other commodity. There are also surprise events such as Demonetization that put markets in a vulnerable spot.
Demonetization of large Indian currency notes on 8th Nov'16 left a chunk of the steel manufacturing and trading community jostled, especially the small & medium sized enterprises. The smaller & standalone steelmakers in India churn out over 50% of total finish steel annually from locally procured raw materials such as sponge iron and scrap. Majority of their production is exchanged for cash over the retail counters or to the traders in semi urban and rural sectors. Industry participants ubiquitously feel the impact of demonetization will remain for a couple of quarters before GST comes into play. A manufacturer quotes “After demonetization and other announced policy changes, we seem to be back to Ground Zero. It is good in the long run only if we can survive.”
Steel 360 Magazine Description:
Publisher: Steel 360
Category: Business
Language: English
Frequency: Monthly
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
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