Steel 360 Magazine - July 2021Add to Favorites

Steel 360 Magazine - July 2021Add to Favorites

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In this issue

The second wave of the pandemic is easing, but the medical fraternity is already
raising a red flag over the impending third wave.
And the second wave, before receding, has dealt a body blow to domestic steel
consumption. While the smaller mills have reduced capacity utilization drastically,
some are even mulling temporary shut-downs till the market looks up again.
There is room for price corrections, especially in long products, with the monsoon
well upon us and demand low.
Exports too are undergoing a temporary lull. Importantly, Indian mills have come
under the Eurofer scanner which has sought an anti-dumping duty (AD) probe into
Indian HRC imports into Europe. This development can keep exports to Europe
low for the rest of the calendar. The HRC quota of around 1.66 lakh tonnes for
Apr-Jun’21 was exhausted much before the quarter closed. As of 1 Jul’21, India’s
request to export HRCs to the EU amounted to 333,130 t, while the country’s
tariff-free individual quota for 1 Jul-1 Sept’21 is only 169,717 t, as per EU customs
data. Any volume in excess of this attracts a 25% duty on the buyer’s account.
India’s exports of HRCs to Europe in Jan-Apr’21 were up 190% compared to the same period in CY’20. The new quotas from 1 Jul’21 are yet to be released.
Enjoy the read!

Steel 360 Magazine Description:

PublisherSteel 360

CategoryBusiness

LanguageEnglish

FrequencyMonthly

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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