{"id":384174,"date":"2020-07-15T10:38:16","date_gmt":"2020-07-15T05:08:16","guid":{"rendered":"https:\/\/shyamsteel.com\/?p=384174"},"modified":"2020-07-15T10:38:38","modified_gmt":"2020-07-15T05:08:38","slug":"indian-steel-industry-post-covid-19-outbreak","status":"publish","type":"post","link":"https:\/\/shyamsteel.com\/blogs\/indian-steel-industry-post-covid-19-outbreak\/","title":{"rendered":"Indian Steel Industry Post Covid 19 Outbreak"},"content":{"rendered":"\n<p>Corona Virus\/Covid-19 outbreak has changed the global scenario in every aspect. Every sector is adversely affected in every manner.<\/p>\n\n\n\n<p>In India few sectors are still in good position compare to the global scenario. Steel, Housing sector and Agricultural Sector are still showing positive growth. In India the demand of Steel has risen in last few months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Few important facts for Steel Manufacturing Sector in India<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>India is the 2<sup>nd<\/sup> largest producer of\nraw steel globally in 2019<\/li><li>Steel sector is one of the major contributor in\nIndian economy<\/li><li>Indian Steel Industry has always strived for\nmodernization and up-gradation to produce world class steel products<\/li><li>In 2019, Ministry of Steel&nbsp; had decided to invest US$ 70 million in the\neastern region to accelerate the growth of this sector<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What is National Steel Policy?<\/h3>\n\n\n\n<p>In the 2005 India had taken the initiative to setup world standard steel industry with modern and efficient equipment&#8217;s in place. To achieve this goal quality perimeter will be on high priority and the production will rise from 38MT (2004-05) to 100 million+ MT (2019-20).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rapid Changes in Global Steel Industry for Covid 19<\/h2>\n\n\n\n<p>The Covid 19 spread has started from China; Wuhan the steel\nindustry in China is hit like never before. A huge stock pile of produced steel\nis in China right now that is causing global price down in steel industry. This\nis causing benefit to the Indian Steel Industry. In Real Estate, Manufacturing\nand other sector global players are looking for alternatives whereas Indian\nSteel Industry will be benefited.<\/p>\n\n\n\n<p>Housing Sectors, Agriculture, Manufacturing sectors are\nstill gaining in India and that is a positive sign for India\u2019s GDP. The export\nwill rise more because global players will look for alternatives whereas India\nwill gain the top position during 2020-21.<\/p>\n\n\n\n<p>The growth of Indian Steel Industry slowed down due to\nlockdown and current covid situation but once the situation normalizes it will\nback to the track. In fact compare to the few previous months the price of the\nsteel has not dropped drastically.<\/p>\n\n\n\n<p>As per Ind-Ra (The Rating Agency \u2018India Ratings) said the demand of steel will rise starting from July 2020 itself.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.financialexpress.com\/industry\/coronavirus-to-impact-global-steel-sector-india-ratings\/1890028\/\">Financial\nExpress Report<\/a> stated \u201cChina\u2019s local steel demand has reduced drastically\nin Q120 (first quarter of 2020) creating an increased inventory pile-up of\nabout 20 per cent year-on-year (y-o-y), leading to steel price pressures\nglobally and restricting any major price increases in India over March 2020\u201d.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/shyamsteel.com\/credentials\/\">best\nquality steel products<\/a> are always on rise so far India witnessed growth on\nevery year therefore it is quite evident that India is going to be global\nleader in steel sector in near future. The exports of steel products are going\nto rise and that is where steel is going to be kept as most important goods to\ncontribute in GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corona Virus\/Covid-19 outbreak has changed the global scenario in every aspect. Every sector is adversely affected in every manner. In India few sectors are still in good position compare to the global scenario. Steel, Housing sector and Agricultural Sector are still showing positive growth. In India the demand of Steel has risen in last few [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":384176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[10],"tags":[14,94,93,97,92,95,32,96],"class_list":["post-384174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","tag-best-tmt-bar-in-india","tag-best-tmt-bar-manufacturer-in-india","tag-coronavirus","tag-financial-express","tag-indian-steel-industry","tag-post-covid-scenario-of-indian-stel-industry","tag-tmt-bar","tag-tmt-bar-manufacturer-in-west-bengal"],"_links":{"self":[{"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/posts\/384174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/comments?post=384174"}],"version-history":[{"count":0,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/posts\/384174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/media\/384176"}],"wp:attachment":[{"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/media?parent=384174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/categories?post=384174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shyamsteel.com\/wp-json\/wp\/v2\/tags?post=384174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}