Indian steel plants are faced with a problem that the Japanese and Korean factories are offered with HRC rolons of $ 550 per ton compared to the level of $ 570, which was previously stated.
Even if Chinese firms are trading in the region of $ 575-590 per ton, then the revision of prices is most likely not far away.
It seems that from January 1, the conditions of free trade with Japan with a further decrease in import duty will only contribute to increasing difficulties for leading Indian factories.
On the other hand, almost all Indian manufacturers began to raise their prices for 1000-1200 rupees in recent months in order to compensate for the influence of the fall of Rupia and the growth of world prices for steel. To maintain profitability, steel factories embarked on innovative development paths in order to preserve their margin.
In the framework of this strategy, Indian steel plants carry out measures to save funds, commissioning costs, increase operating efficiency and speedy water into operation of new blocks and general reduction of overhead costs in order to overcome the crisis.
Tata Steel manages to save measures and the search for new opportunities with the entire value chain. It is focused on the automobile sector of high -quality steel. Despite the fall in demand, the company managed to increase its share in the market
Steel plants in Japan and Korea create problems for Indian colleagues
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