More than half of Concrete Show India booked - Indian Cement Review
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More than half of Concrete Show India booked

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Concrete Show India 2012 was a grand mix of international and Indian exhibitors. The show proved to be an effective forum for global professionals to interact on a common platform and develop business leadsConcrete Show India 2012 was held at the MMRDA Grounds, Bandra-Kurla Complex, Mumbai from 23 – 25 February 2012. A mix of international and Indian exhibitors have re-booked their participation in the next Concrete Show India 2014 following this year’s inaugural event, and others new to the exhibition are following suit as both buyers and suppliers described the event as highly successful and the essential networking platform for the concrete industry. Concrete Show India 2012 welcomed over 150 exhibitors from around the globe, representing 13 countries and over 6000 industry professionals. Sany, Lafarge, Ultratech, Toyota, Liebherr, Heidelberg, Hess Group, Adeka India, Atlas Copco India were just some of the leading names present at Concrete Show India 2012 showcasing a wide range of products and services.Ground breaking discussion at the conference programme, held alongside the exhibition, was led by Shri. C. Kandasamy, Director General (Road Development) and Special Secretary to Government of India at Ministry of Road Transport & Highways. The most influential experts in the industry gathered to discuss topical issues and key trends in the market including ‘ Infrastructure development in India compared to China’, ‘construction technology in India’ and the ‘global perspective on the Indian Concrete Industry’.Summing up the three days of intense networking opportunities, Sanjeev Khaira, Managing Director, UBM India, said that the standard of the Concrete Show India 2012 had been very high and marked a new era for the concrete industry. ‘Early bookings clearly demonstrate that our exhibitors feel that their interests are being served. The show offers valuable access to insider knowledge on the construction industry for professionals working in India and abroad. It is our aim to drive more value and ensure a maximum return on investment for those attending the event.’Sponsors of the event, SANY Heavy Industry India Pvt, were extremely pleased with the event. Yogesh Ahire, Market Analyst said that the company had ‘gained a lot from their participation with regard to enhancement of SANY as a brand name and greater business development opportunities. Our top management too, is overwhelmed with the response and the way the exhibition has been organised.’ Rajesh Mehta, Executive Director, Liladhar Pasoo, was at the show to generate more leads and felt that the quality of the visitor audience was high. ‘In the last three months I have been to four exhibitions and this show is clearly number one’.

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Concrete

Jefferies’ Optimism Fuels Cement Stock Rally

The industry is aiming price hikes of Rs 10-15 per bag in December.

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Cement stocks surged over 5% on Monday, driven by Jefferies’ positive outlook on demand recovery, supported by increased government capital expenditure and favourable price trends.

JK Cement led the rally with a 5.3% jump, while UltraTech Cement rose 3.82%, making it the top performer on the Nifty 50. Dalmia Bharat and Grasim Industries gained over 3% each, with Shree Cement and Ambuja Cement adding 2.77% and 1.32%, respectively.

“Cement stocks have been consolidating without significant upward movement for over a year,” noted Vikas Jain, head of research at Reliance Securities. “The Jefferies report with positive price feedback prompted a revaluation of these stocks today.”

According to Jefferies, cement prices were stable in November, with earlier declines bottoming out. The industry is now targeting price hikes of Rs 10-15 per bag in December.

The brokerage highlighted moderate demand growth in October and November, with recovery expected to strengthen in the fourth quarter, supported by a revival in government infrastructure spending.
Analysts are optimistic about a stronger recovery in the latter half of FY25, driven by anticipated increases in government investments in infrastructure projects.
(ET)

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Steel Ministry Proposes 25% Safeguard Duty on Steel Imports

The duty aims to counter the impact of rising low-cost steel imports.

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The Ministry of Steel has proposed a 25% safeguard duty on certain steel imports to address concerns raised by domestic producers. The proposal emerged during a meeting between Union Steel Minister H.D. Kumaraswamy and Commerce and Industry Minister Piyush Goyal in New Delhi, attended by senior officials and executives from leading steel companies like SAIL, Tata Steel, JSW Steel, and AMNS India.

Following the meeting, Goyal highlighted on X the importance of steel and metallurgical coke industries in India’s development, emphasising discussions on boosting production, improving quality, and enhancing global competitiveness. Kumaraswamy echoed the sentiment, pledging collaboration between ministries to create a business-friendly environment for domestic steelmakers.

The safeguard duty proposal aims to counter the impact of rising low-cost steel imports, particularly from free trade agreement (FTA) nations. Steel Secretary Sandeep Poundrik noted that 62% of steel imports currently enter at zero duty under FTAs, with imports rising to 5.51 million tonnes (MT) during April-September 2024-25, compared to 3.66 MT in the same period last year. Imports from China surged significantly, reaching 1.85 MT, up from 1.02 MT a year ago.

Industry experts, including think tank GTRI, have raised concerns about FTAs, highlighting cases where foreign producers partner with Indian firms to re-import steel at concessional rates. GTRI founder Ajay Srivastava also pointed to challenges like port delays and regulatory hurdles, which strain over 10,000 steel user units in India.

The government’s proposal reflects its commitment to supporting the domestic steel industry while addressing trade imbalances and promoting a self-reliant manufacturing sector.

(ET)

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India Imposes Anti-Dumping Duty on Solar Panel Aluminium Frames

Move boosts domestic aluminium industry, curbs low-cost imports

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The Indian government has introduced anti-dumping duties on anodized aluminium frames for solar panels and modules imported from China, a move hailed by the Aluminium Association of India (AAI) as a significant step toward fostering a self-reliant aluminium sector.

The duties, effective for five years, aim to counter the influx of low-cost imports that have hindered domestic manufacturing. According to the Ministry of Finance, Chinese dumping has limited India’s ability to develop local production capabilities.

Ahead of Budget 2025, the aluminium industry has urged the government to introduce stronger trade protections. Key demands include raising import duties on primary and downstream aluminium products from 7.5% to 10% and imposing a uniform 7.5% duty on aluminium scrap to curb the influx of low-quality imports.

India’s heavy reliance on aluminium imports, which now account for 54% of the country’s demand, has resulted in an annual foreign exchange outflow of Rupees 562.91 billion. Scrap imports, doubling over the last decade, have surged to 1,825 KT in FY25, primarily sourced from China, the Middle East, the US, and the UK.

The AAI noted that while advanced economies like the US and China impose strict tariffs and restrictions to protect their aluminium industries, India has become the largest importer of aluminium scrap globally. This trend undermines local producers, who are urging robust measures to enhance the domestic aluminium ecosystem.

With India’s aluminium demand projected to reach 10 million tonnes by 2030, industry leaders emphasize the need for stronger policies to support local production and drive investments in capacity expansion. The anti-dumping duties on solar panel components, they say, are a vital first step in building a sustainable and competitive aluminium sector.

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