Data from the World Steel Association (WSA) shows that India's steel output rose 3 percent to 33.5 million tonne during the first five months of this year (Jan-May 2013). This is well above the world average growth rate of 2.1 percent at 658 million tonne. In May 2013, India's steel output expanded at a lower rate of 1.5 percent as against the global growth rate of 2.6 percent. During the month, India produced 6.73 million tonn
Tag: China
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China to revive Silk Road for tie-ups with countries
China has decided to revive the ancient 'Southern Silk Road' to strengthen its trade ties with South and South-east Asian neighbours. The Silk Route, originating from the Chinese city of Chengdu, wandered through Myanmar and then extended to Bangladesh, India and even the Middle East. In Beijing, a senior government official has said that the Southern Silk Road will be used as an economic corridor
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Reinforcing safety
Ultra-high performance fibre-reinforced concrete is considered the core for building the future of any nation. This high performance material allows the construction of sustainable and economic buildings with an extraordinarily slim design. Its high strength and ductility makes it the ultimate building material, writes A Shivkamal.
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Building an ambitious global logistics hub
Managing logistics needs an innovative integration of international best practices and equipment, as well as comprehensive knowhow of local regulations, writes Adarsh Hegde.
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From a cost to a value-add
Improving efficiency, reliability, flexibility and innovation should be the focus of our slow-growth, high-demand logistics systems, writes Vivek Kumar.
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World steel output grows 1.2% in April
Global steel production grew 1.2 per cent in April 2013 to 132.11 million tonne (mn t) compared to 130.50 mn t in the corresponding month of previous year, data from the World Steel Association shows. It is noteworthy that nearly half of the global production has come from China at 65.65 mn t during the month. Steel output in the country grew 6.8 per cent over the same month last year, data the association shows
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India yet to decide on opening Stilwell Road
Retired Gen JJ Singh, former chief of IndiaĂâs army and now governor of the frontier state of Arunachal Pradesh, has strongly pushed for reopening of the World War II-era Stilwell Road as potential commercial benefits are weighed against national security concerns. He argues that it should be opened to enable trade and traffic with Burma and China.
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Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
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India plans to import tariffs on steel products
In order to safeguard the interests of local producers from huge imports, primarily from China and Italy, India plans to impose tariffs on some iron and steel pipes, tubes and profiles. This information is said to be sourced from a filing of India in the World Trade Organization. According to the guidelines of WTO, member countries can impose such tariffs on a temporary basis if they can sho
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Crude oil price falls on weak economic growth prospects
Amid signs of deterioration in the global macroeconomy, investors are reducing their long position in crude oil and this caused the Brent crude oil futures to decline below $100 a barrel. This is for the first time in nine months that the Brent crude oil futures slipped below $100