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Indian steel firms slash prices amid rising imports to protect market share

The recent capacity expansions by major players like JSW Steel, Tata Steel, and Jindal Steel and Power Ltd (JSPL) have come online amid a slowdown in demand, leading to an oversupply in the market.Read more

India’s steel prices fall to lowest in over three years: BigMint

In July, the average price for hot rolled coils, essential for manufacturing, was Rs 52,267 per tonne.Read more

India's trade deficit shrinks significantly in September 2023

The country's goods exports saw a slight decrease of 2.59%, dropping to $34.47 billion from $35.39 billion in September 2022.Read more

EV Battery prices drop 10% in August amidst dampened demand

As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%

ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more

Asia's export powerhouses face manufacturing slump amidst weak demand

According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more

Handling efficiently

In April 2023, manufacturing activity in India grew the fastest in four months of 2023, driven largely by growth in domestic consumption, and limited impact of rising raw material prices. Read more

India: The beacon of growth

India’s exports - estimated at $ 767 billion - for FY 2022-23 recorded a rise of 14.5 per cent over FY22’s $ 669.65 billion.Read more

Rising material & oil prices are affecting machine tools industry

Mastercam creates software and services that solve the world’s manufacturing challenges. During an interview with IPF, Vineet Seth, Managing Director – South Asia & Middle East, Mastercam APAC, spoke thoroughly about the impact of declining auto sales & shift towards electric vehicles on the machine tools industry and the ways to mitigate it.Read more

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