Steel 360 - April 2017Add to Favorites

Get Steel 360 along with 7,500+ other magazines & newspapers

Try FREE for 7 days

bookLatest and past issues of 7,500+ magazines & newspapersphoneDigital Access. Cancel Anytime.familyShare with 4 family members.

1 Year$99.99

bookLatest and past issues of 7,500+ magazines & newspapersphoneDigital Access. Cancel Anytime.familyShare with 4 family members.
(Or)

Get Steel 360

1 Year$69.99 $48.99

Save 30%
book12 issues starting from January 2022 phoneDigital Access. Cancel Anytime.

Fourth of July Sale! Save 30% on annual subscriptions. Valid till July 6, 2022

Buy this issue $3.99

bookApril 2017 issue phoneDigital Access.

Gift Steel 360

  • Magazine Details
  • In this issue

Magazine Description

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.

  • cancel anytimeCancel Anytime [ No Commitments ]
  • digital onlyDigital Only
RECENT STORIES FROM STEEL 360View All