When the world was upended by the Covid-19 pandemic, metals got its shine back. In the last two years, infrastructure spending by major economies spurred demand, energy transition and intermittent supply disruptions fuelled a scorching rally in metals after a downturn during the first Covid wave. Now, Russia's war on Ukraine is ensuring that elevated prices stay the course.
Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.
Prices in the domestic market are increasing because there is a demand pull, and internationally, prices have gone up.
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
A primary producer said that the prices would be raised in tranches this month and the total increase could be Rs 6,000 a tonne.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
It is targeting a rise in output to 16 million tonnes per year by 2016 from four million now.
Cravatex Ltd named Kuldeep R Sharma company secretary.
Teenager Faizan Rafiq, whose detention under the Public Safety Act for his alleged involvement in stone-pelting had created a furore in Jammu and Kashmir, was on Tuesday released from a jail in Kathua district on humanitarian grounds on the order of Chief Minister Omar Abdullah.
Jammu and Kashmir government on Thursday ordered a massive shake up in the civil and police administration to meet the prevailing law and order challenges in the Kashmir Valley.
According to police, no visible injury marks were found on the body of the priest.
They have been asked to verify the list of 346 families handed over by the local MP who have allegedly migrated, he said.
Gurez constituency in the once terrorist-infested Bandipora district recorded the highest voting -- 74 per cent -- followed by Mendhar and Poonch (73), Surankote (68), Nobra (66) Leh, Kargil and Zanskar (all 60 per cent), Bandipora(57) and Sonawari (46)
Resuming at 135-3, overnight batsman Kohli slammed a fifty, while the rest of the middle-order -- Ajinkya Rahane (40), Rohit Sharma (38), Shikhar Dhawan (41) too looked in good touch as they spent some time at the crease before retiring.
A summary of the second day's play in Ranji Trophy matches across the country.
Akhlaq was killed by a mob on September 29 last year on the suspicion that his family stored and consumed beef at their home.
Top Union ministers and Bharatiya Janata Party leaders, including party chief Amit Shah, on Wednesday reviewed the political and security situation in Jammu and Kashmir besides discussing rehabilitation of Kashmiri Pandits.
In an online chat with Get Ahead readers on August 13, Love Guru advised them on their relationship problems
The trading firm is under pressure from lenders to raise funds.
Glenn Maxwell took the India A bowlers to the cleaners yet again, smashing a quickfire half-century, to help Australia A win by 25 runs and storm into the final of the A teams tri-series in Pretoria, on Sunday.
Ashok Menaria and Kedar Jadhav hit half centuries as India 'A' scored a nail-biting two-wicket victory over New Zealand 'A' in the third and final one-dayer in Visakhapatnam on Thursday. The victory, which was achieved with four balls to spare, gave the hosts a 3-0 series triumph.
60-year-old Yadav was the leader of Azad Bharat Vidhik Vaicharik Kranti Satyagrahi, an outfit claiming to owe allegiance to Netaji Subhash Chandra Bose whose members had encroached on Jawahar Bagh area for two years and clashed with police on Thursday when they tried to evict them.
The UP government transferred the district magistrate and the senior superintendent of police of Mathura following the violence in the district that left 29 dead.
There was no toss and India were allowed to bowl first. The players and officials, wearing black armbands, observed a minute's silence before the start of the play. India ended the day 99-2
Rediff.com's Love Guru has answers to all your relationship problems.
India started their limited-overs tour of Australia on a positive note, comprehensively beating a second-string Western Australia XI by 74 runs in a Twenty20 warm-up game on Friday with Virat Kohli and Shikhar Dhawan striking fluent half-centuries.
The Indian top-order batsmen got much needed batting practice against a below-par Leicestershire attack as they finished the first day of their opening tour match at a comfortable 333 for four Leicester on Thursday.
Rediff.com's Love Guru answered readers' queries on their relationship problems.
India's Australia tour started on a positive note, following a commendable all-round display against Cricket Australia XI, as the two-day practice match ended in a draw in Adelaide on Tuesday.
Pacer Ishwar Pandey took four wickets, including two with successive deliveries, but South Africa 'A' fought back through a fighting 84 from J P Duminy and his crucial partnerships with the tail-enders, in the first unofficial Test against India 'A', in Rustenburg, on Monday.
India's batsmen got a much-needed workout ahead of the Test series against Australia, putting up 375 runs in 90 overs, before their two-day tour game against Cricket Australia XI ended in a draw at the Glenelg Oval in Adelaide on Friday.
India pacer Ishant Sharma wrecked havoc with the ball as he claimed a five-wicket haul to leave the Sri Lanka Board President's XI in tatters on Day 2 of the three-day tour match, in Colombo, on Friday.
Mehbooba Mufti said that incidents like the ones at Handwara and Nathnusa are "unacceptable" and come as a major setback to the efforts of the state government in consolidating peace dividends in the state.
Rediff.com's Love Guru has answers to all your relationship problems.
Youngster Shreyas Iyer slammed his third ton of the season, a strokeful 137, while senior batsman Rohit Sharma hit an unbeaten 110 as Mumbai made an imposing 407 for four on day one of their Group B Ranji Trophy match against Uttar Pradesh, in Mumbai, on Saturday.
Half of the screenplay's job is done the minute Dilip Kumar's hypnotising gaze falls on Nargis. The screen bubbles with intense chemistry and sexual tension every time this incredibly handsome pair converse from a distance. Revisiting Kidar Sharma's 1950 classic, Jogan.
Half-centuries from Shikhar Dhawan and Dinesh Karthik combined with excellent performances from their bowlers helped India 'A' outclass Australia 'A' by 50 runs to win the 'A' teams tri-series in Pretoria, on Wednesday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances