WSA sees India as savior as global demand for steel slumps

WSA
As per the forecast by the World Steel Association (WSA), whose members represent around 85 percent of global production of the ferrous metal, global demand for Indian steel materials is expected to rise - largely driven by robust manufacturing and construction activity in India and Southeast Asia. In 2018, demand was projected to rise 1.8% to 1.61 billion tons in 2018, and 0.7% in 2019 to another record of 1.62 billion tons, according to the Brussels-based WSA. China, which accounts for nearly half of global demand, is losing momentum as economic growth slows. Meanwhile, India, the world's second-most-populous country behind China, is seeing steel demand rise steadily. India's crude steel output is expected to top that of Japan this year, making the country the world's second-biggest producer after China. The government in New Delhi is working to raise output capacity to 300 million tons — three times Japan's current production — by 2030. JSW Steel and other Indian steel-makers are actively investing in their facilities and are also boosting production in Southeast Asia. In fact, the steel industry around the world is shifting toward electric furnace production because of its lower carbon emissions.

Retail realty doubles investment to $1.2-bn in two years

India's retail real estate sector attracted private equity investment worth $1.2 billion in the past two years, doubling from the previous two years, according to Anarock property consultant, attributing the sharp rise in private equity Read More ...

CREDAI demands quicker clearances in Chennai

With real estate and housing sector facing various challenges in the country, the Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu chamber has stressed the need for a single-window clearance for Read More ...

TSPD expands operational ambit into housing sector

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KMRL cruises ahead with ₹1,987-cr Phase-II expansion

In a bid to speed up expansion work on Phase-II, the Kochi Metro Rail Ltd (KMRL) has conducted a Social Impact Study of the metro line from Jawaharlal Nehru International Stadium to Infopark via Kakkanad. The revised DPR has been Read More ...

NOIDA unveils twin metro connects to National Capital

The Greater Noida Industrial Development Authority (GNIDA) is planning two new Metro links to connect to the capital city. The plan is to extend the Delhi Metro Rail Corporation‘s (DMRC) Blue Line from Noida City Centre into a loop Read More ...

Plans afoot to widen NH-29 road stretch in Nagaland

In order to widen the National Highway 29 from Purana Bazaar to Chümoukedima stretch at Dimapur in Nagaland, the authorities have fast tracked the process of resolving pressing issues related to the 4-lane construction of the road Read More ...

LMRC marches ahead with ₹8,415-cr Agra metro rail project

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NHAI fixes ₹3 trillion roads & highways on radar

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Japan injects $5-bn in India's infra sector

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UP fast-tracks ₹37,000-cr expressway projects

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CONCOR plans ₹8,000-cr ports & logistics centers

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Govt goes for ₹797-cr double-decker flyover in Bangalore

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DMRC submits DPR for ₹7,000-cr Jewar Airport project

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Bhumika Logistic enters realty with ₹300-cr projects

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TN launches ₹260-cr east coast road project

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Cidco approves 194 ha land for second town planning

Lokesh Chandra, VC & MD of CIDCO informed hthat they have sanctioned the second town planning scheme (TPS) for CIDCO's proposed NAINA Project, covering an area of 194 hectares. TPS-2 covers the villages of Devad, Bhokharpada Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
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Modern Green Structures & Architecture
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Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

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