Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Sonos Five Wireless Speaker: Purely for the purists

    June 27, 2022

    How BITSoM’s WAW programmes have been designed to redefine conventional MBA programs

    June 27, 2022

    Congress's Biotech Unicorn

    June 27, 2022
    Facebook Twitter LinkedIn
    Trending
    • Sonos Five Wireless Speaker: Purely for the purists
    • How BITSoM’s WAW programmes have been designed to redefine conventional MBA programs
    • Congress's Biotech Unicorn
    • Miami Airport RED Air crash touchdown: Passengers wheeled suitcases off flight throughout emergency evacuation
    • ‘Elvis,’ ‘Top Gun’ tie for box-office crown with $30.5M every
    • Attempts have been made to crush democracy throughout Emergency: PM Modi
    • India to show right into a $30-trillion economic system in 30 years: Piyush Goyal
    • Chicago Cubs rally to win a collection in opposition to the St. Louis Cardinals — then the topic turns to commerce hypothesis
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Business
      • Automotive
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Stories
    • Other
      • Career
      • Entrepreneurship
      • Property
    Business KhabarBusiness Khabar
    Home » Steel exports to China will be taxed, opportunity for Indian companies to make profit in the international market
    Industries

    Steel exports to China will be taxed, opportunity for Indian companies to make profit in the international market

    Business KhabarBy Business KhabarJuly 21, 2021No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Steel exports to China will be taxed, opportunity for Indian companies to make profit in the international market
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Steel companies Profits increases : There is a sharp increase in steel prices across the world including India. The pace of economic activity after the second round of Corona transition has created a huge increase in the price of steel in the international market. Russia and China may decide to increase taxes on exports of steel to protect domestic manufacturers from costly steel prices. Steel prices in India have almost doubled compared to last year. In June 2020, the price of flat steel in the country was Rs 38 thousand per tonne but by June 2021 it increased to Rs 72,000 per tonne. Long steel prices have increased almost one and a half times to Rs 57,900 per tonne. Due to the increase in the price of steel, the price of vehicles in the domestic market has increased by about nine percent.

    Indian steel companies will increase production capacity

    In view of the possibility of curbing exports by Russia and China, steel makers around the world have increased their production. India’s JSW Steel has said that it wants to increase its capacity to 45 million tonnes by 2030. Malaysia, Indonesia and other Southeast Asian countries are also targeting an additional production of 60 million tonnes.

    Will Ford India bid farewell to India, know why this thing happened?

    Profit making opportunity for Indian companies

    Analysts believe that this time there is an opportunity for steel companies outside China to make good profits. The prices of steel in the international market have increased very rapidly. If Indian companies increase their exports, they can make huge profits. This is the reason why big Indian steel producing companies like SAIL, Tata Steel and JSW Steel have started preparing to increase their capacity. Steel prices in the international market will continue to rise this year due to the plan to spend a lot on infrastructure in the US. The demand for steel will be very high in the European market as well. This can benefit major international companies like Nucor Corp, US Steel Corp, SSAB AB and ArcelorMittal SA. Indian steel companies can also join this race for profits.

    Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.

    .

    china sail steel companies steel price Tata Steel
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Business Khabar

    We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.

    Related Posts

    ‘Elvis,’ ‘Top Gun’ tie for box-office crown with $30.5M every

    June 27, 2022

    Ecozen Solutions: Seeding deep tech into agri sector

    June 27, 2022

    Feds seize suspected faux Basquiat artwork from Florida museum

    June 27, 2022
    Recent Posts
    • Sonos Five Wireless Speaker: Purely for the purists
    • How BITSoM’s WAW programmes have been designed to redefine conventional MBA programs
    • Congress's Biotech Unicorn
    • Miami Airport RED Air crash touchdown: Passengers wheeled suitcases off flight throughout emergency evacuation
    • ‘Elvis,’ ‘Top Gun’ tie for box-office crown with $30.5M every
    Top Posts

    Complete Information On How To Open Baby And Kids Store

    July 24, 2020

    How To Start Potato Onion Wholesale Business?

    July 28, 2020

    Small Business Ideas for Women: 5 businesses will be earning in lakhs

    July 28, 2020

    Budget 2021: You have an idea or suggestion, send it online to the government by 30 November; This is the way

    November 27, 2020
    Don't Miss
    Tech

    Sonos Five Wireless Speaker: Purely for the purists

    By Bhagyashree SoniJune 27, 2022

    There is not sufficient time to get pleasure from music whereas not doing the rest.…

    How BITSoM’s WAW programmes have been designed to redefine conventional MBA programs

    June 27, 2022

    Congress's Biotech Unicorn

    June 27, 2022

    Miami Airport RED Air crash touchdown: Passengers wheeled suitcases off flight throughout emergency evacuation

    June 27, 2022
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    Our Picks

    Sidhu Moosewala homicide: In Facebook put up, Neeraj Bawana gang vows revenge, says ‘result in two days’

    June 1, 2022

    11 Best Vegetables Business Ideas That You Can Start From Today

    October 24, 2018

    What is the meaning of ringing and calling in whatsapp call, can anyone hear your call, know the answer to every question!

    April 14, 2021
    Most Popular

    RBI’s transfer to lift charges, good monsoon will assist in containing inflation: CII

    May 16, 2022

    Uttar Pradesh government’s claim: Health Minister Jai Pratap Singh said, ‘No one died due to lack of oxygen during the second wave

    December 16, 2021

    Covid-19: 89% of India’s grownup inhabitants totally vaccinated, says Mansukh Mandaviya

    June 16, 2022
    © 2022 Business Khabar. Designed by ThemeSphere.
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.