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Achieve efficiency & profitability with right lubrication solution
The Indian steel industry had been expanding till March 2020 with its Purchasing Manager’s Index (PMI) over 50. However, the pandemic, subsequent lockdowns and supply-side constraints have deeply affected operations.
Make in Steel 2020
Given the long-term pipeline of infrastructure projects in India, the growth opportunity for the country's steel sector is immense.
Making steel plant productive, efficient and profitable
Steel industry is fundamental to every nation owing to the usage of steel in a plethora of industries.
Poor Assessment of Triggers
World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.