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New Delhi, [India] December 17 (ANI): Domestic steel demand is expected to remain healthy at around 8 per cent in FY2026; however, continued weakness in steel prices is likely to keep operating margins of steel producers under pressure, according to a report by rating agency ICRA. The report says, the operating environment for domestic steelmakers will remain challenging over the coming quarters amid subdued steel prices, stable but sticky input costs, and an unfavourable global environment. Th ...Read More >
India's outlook remains robust. The country recorded 8 per cent steel demand growth in 2024 and is expected to grow more than 7 per cent in 2025. India is expected to emerge as a major growth centre for global steel demand over the coming decades, even as China's dominance wanes. China, which accounted for 49 per cent of world steel consumption in 2024, is projected to see demand fall by an average of five to seven million tonnes (Mt) annually over the next decade. China's share of global dema ...Read More >
New Delhi: Something is cracking inside China. It is quiet, hidden but real. President Xi Jinping vanished from public view in late May. Now, he skipped the BRICS summit in Rio. Unusual? But this is not only about a diplomatic cold. The whispers in Beijing are growing louder - his own generals are no longer trusting him. Behind the walls of the People's Liberation Army (PLA), rumblings have begun. Once held total control, Xi has been purging top commanders. Two defense ministers. Multiple rocke ...Read More >
New Delhi [India], July 2 (ANI): Lok Sabha LoP Rahul Gandhi, on Wednesday, raised concerns over India's growing dependence on 'Made in China' products, calling it a serious threat to the nation's agricultural backbone. In a post on X, Rahul cited a media report that claimed that India's agricultural sector, the backbone of its economy, is facing a severe crisis due to foreign dependence on essential fertilisers. The country imports 80% of its specialty fertilisers from China, and the recent hal ...Read More >
NEW DELHI, Dec 11 (Reuters) - London copper prices climbed to a nearly one-month high on Wednesday, as markets drew support from top consumer China's recent announcement that it will ease monetary policy and adopt a proactive fiscal policy to propel growth next year. Three-month copper on the London Metal Exchange (LME) was up 0.8% at $9,290 per metric ton, as of 0353 GMT. The contract briefly touched $9,314 per metric ton, its highest level since Nov. 12. The most-traded January copper contra ...Read More >
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