Mr Khurram Javaid is chief executive officer and director at Mughal Iron & Steel Industries Ltd, one of Pakistan’s largest steel producers at 1.1 million tonnes (mt) and also one of the largest steel scrap importers.

The global share of scrap in metallics consumption has been declining in recent years, driven largely by China’s growing role in the steel industry. As a developing economy, China has had limited amounts of obsolete (or postconsumer) scrap to use as a

Indian owners of old cars and white goods will soon have a choice of selling these junked items to registered scrap dealers at predetermined prices, once the Metal Recycling Policy comes into place The Metal Recycling Policy is jointly prepared by Ministry of Steel and Niti Aayog, which comes under Central government. They have already met various stakeholders and policy is likely to be finalized over the next few months. 

Pakistan’s steel output grew 23 percent to 3.6 million tons in 2016, the biggest gain among 40 nations, according to the World Steel Association amid strong infrastructural growth.

Steel scrap is gaining importance in Chinese market and this could be a concern for the industry. There are two reasons why supply of scrap is expected to increase :

The Insolvency & Bankruptcy Code, 2016 makes promising claims of boosting M&A activity by making sale of NPAs a more transparent and time-bound procedure. “An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership

That M&A is on the rise in India has spilled all over the news. It is the most talked about subject where businesses are concerned and is gaining much pace in terms of stakeholders actively trying to gather more intel on M&As.

Yesterday, Press Trust of India (PTI) reported on JSW’s interest in acquiring distressed alloy units to further its expansion plans. It is plain that JSW is looking to capitalize on the stress in the sector, moving towards consolidation of the industry –

As CNBC TV 18 reported Vedanta joining the race to buy Bhushan Steel, the company’s stocks on Thursday vaulted and closed 7.48% higher at INR 56.75 level on the BSE.  The stock reached highest 9.28% to INR 58 level on the day.

Everything was new once and all innovations were deemed revolutionary. Today, newer innovations are being sought after every day, technologies, trade practices and marketing styles are improving & innovating and businesses as well as consumers are aware of the shift in trade