Steel 360 Magazine - April 2017Add to Favorites

Steel 360 Magazine - April 2017Add to Favorites

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In this issue

Changeover to Consolidation
(all happening at the same time)

Mint recently reported that Gross non-performing assets (NPAs) have more than doubled in 24 months. If restructured assets are added, the total would come close to Rs 10 trillion (lakh crore). India's infrastructure and the metal sector account for over 50% of the total bank debt. The power sector, iron & steel sector, cement and textiles are all distressed due to policy hurdles, dumping of cheap steel by foreign companies in to India, and fallen consumption levels around the world. Howsoever, the bigger problem has remained the over-leveraging by Indian companies and careless lending practices of banks.

The steel sector in India is reviving in two ways – through policy amendments at both central & state level and consolidation (some sharks are out shopping). The government expects our steel to be competitive in the global market in terms of quality, price as well as (consistent) supply. The 'Make in India' initiative has also pumped in new life into many industries that had moved in to slippery grounds. Over the last year and more, improvement availability of key raw materials like iron ore and coal has encouraged the industry. This owes to amendments in mining policy and auction of leases for captive use by the steel industry. A pricing policy is also underway.

Steel 360 Magazine Description:

PublisherSteel 360




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.


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