Magnified Non-Prime Steel Industry’s Struggles: Pandemic Before the pandemic engulfed the whole economy, steel industry was already struggling as it grew only 3.4% in 2019, the pandemic has just worsened the scenario. In the initial phase of 2020 between the month of January & March, the industry experienced a 1.4% decline in crude steel production, …
Magnified Non-Prime Steel Industry’s Struggles: Pandemic Read More »
China is one of the largest steel producers of the world which holds a strong position in the steel industry. China’s produced 79.0 Mt of crude steel in March 2020, a decrease of 1.7% compared to
There’s no denying that the world has seen one of the biggest hits in decades, because of coronavirus which has led to a severe impact on many business sectors.
As per the analyst, the difference between domestic and international prices are currently 8%. “An increase in prices from September is on the cards. The iron ore prices were at a six-year high. “International steel prices in August, too, have increased”.
