Currently, Raj Vaidhyanathan, Director Commercial, Indicaa Group is addressing on China’s impact on Indian Steel & Mining Industry. His views are based on questions such as why are we in this situation? What will happen in the future? His key highlights are:
China is an angel for world economy with a growth of 10% per annum for two decades and its current GDP is close to about 10%. When China was in good phase, there was a lot of investment in steel & mining.
Now, China is not able to consume what they’ve not been able to consume. This is how the prices are effecting drastically. Because of China, the commodity prices were boomed and now it will be doomed.
The illegal imports of Boron added Steel and similar acts have been affected severely. There has been many representation by various association. They should start to consume as much as they produce.
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