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In the first financial quarter, which ended in June, India increased steel output by 6.2% year-on-year to 26 million 80 thousand tons. According to the preliminary data of the ministry, the steelmaking of hot-rolled steel increased by 11% in the quarter to 17.88 million tonnes. The output of cast iron reached 2 million 580 thousand tons, increased by 5%. The volume of smelting of the six largest Indian producers in aggregate exceeded the indicator of the first fiscal quarter of last year by 12% and amounted to 15 million 600 thousand tons. India plans to increase steel production to 300 million tons by 2030. It ranks second in the world in terms of steel production, according to the World Steel Association.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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