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IMPACT OF GST ON INDIAN STEEL INDUSTRY
JUN 2017 | Vol. V | Issue #12
IMPACT OF GST ON INDIAN STEEL INDUSTRY
JUN 2017 | Vol. V | Issue #12

GST is out of the cocoon; a major opportunity for Steel Industry

A transformation time for Indian tax system GST which was born out of patience & struggle; the uniformed tax system which is expected to roll out on 1st of July is a turning point in the Indian tax regime. The implementation of GST will bring lot more benefits at the consumer end. The main objective of GST is to eliminate excessive taxation. In the run-up to one of the biggest tax reforms in the country, the market is abuzz with new rules and guidelines about the Goods and Services Tax (GST).

Steel industry is likely to benefit from the new GST rate for steel which is at 18%, with key inputs like coal, iron ore marked at 5%, which is the lowest slab under GST, could help to lower input costs. Together, with a substantial slash in transport costs due to unified and standard tax rate under GST, this is likely to help steel companies reeling under large debt and also keep steel prices stable. The layers of GST is simplified in an in- depth cover story for our readers on page-30.

The dragon is on move, China being the number one in iron ore import; is making a significant shift in to scrap export and the presence is felt in the industry. What will be the outcome? Who will be engulfed b...Read More

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WHAT IS STEEL 360?

Steel 360 is a premier magazine covering the Iron & Steel sector with a readership of 30,000+ across India. The monthly magazine is well read and recommended by CEOs, COOs, Directors, Purchase/Marketing heads and key decision makers involved in various businesses such as steel making, mining, trading, import/export, consulting, engineering & equipment supply, ancillary products, cement, logistics & chartering, research etc.

EACH ISSUE OF THE MAGAZINE BRINGS TO YOU
Cover Story
A comprehensive study of
a trending topic/issue with
expert views
Data
Get import-export statistics
for 5 products and more as part
of independent articles
Intervistas
Interviews of experienced
industry men and prominent
business heads
Veteran Speaks
Views and comments from
industry veterans
Tech Speaks
Write ups/ Columns from
technology experts with
varied background
Events Calendar
Schedule of latest
iron and steel events
across the world
VALUABLE READERS
android
Vivek Agrawal
COO - Technical
Godawari Power & Ispat, Raipur
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Swaminathan Balakrishnan
JGM (Materials)
Electrosteel Castings, Chennai
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Suresh Dingra
AVP - Sales & Marketing
Mideast Integrated Steel, New Delhi
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Somesh Biswas
Head - Long Product Marketing & Sales
Tata Steel, Kolkata
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Shiv Kumar Yadav
AGM (HR & Admin)
Real Ispat & Power, Raipur
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Satish Kulkarni
CEO & MD
Lhoist India, Mumbai
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Santosh Nayak
CEO
M.S.N Impex, Bangalore
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Santosh Kumar Debta
Economist
POSCO Research Institute, Gurgaon
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Sandeep Asthana
Managing Director
DCM ENGINEERING, Rupnagar
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Sambeet Das
VP - Marketing & Sales
MSP Steel & Power, Kolkata
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S C Khanna
A.V.P. Cost Engg.
International Tractor, Ludhiana
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Rohit Mittal
President
Janki Corp, Bangalore
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Ramesh Agrawal
MD
G R Sponge & Power, Raipur
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Rama Shankar
Group Manager
Mjunction Services, Kolkata
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Rakesh Arora
MD
Macquarie Bank, Mumbai
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Rajesh Gupta
Director
Lloyds Steel & Energy, Mumbai
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Radheshyam Agarwal
Managing Director
R S Ispat , Kolkata
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R Manohar
Managing Director
Sanmuga Transport Pvt. Ltd.,
Chennai
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R C Goyal
Chairman
BDG Metals & Power, Kolkata
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Pranit A Shinde
Assitant Manager (Purchase)
Saint Gobain Gyproc India, Mumbai
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Piyush Lodha
Managing Director
Landmark Enterprise, Kolkata
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Pawan Kumar Keriwal
Managing Director
Chandranchal Enterprises,
Chandigarh
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Nirmalaya Mukherjee
President
Monnet Ispat & Energy, Raigarh
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Nirmal Agarwal
Director
Adhunik Metaliks, Kolkata
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Narendra Kothari
CMD
NMDC, Hyderabad
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Naman Saraf
VP-Sales
Aryan Mining & Trading Corporation,
Kolkata
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Manoj Agrawal
Managing Director
Adhunik Metaliks, Kolkata
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Manoj Agrawal
CMD
Mahendra Strips, Raipur
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Manish Dalmia
Sr. Manager (Commercial)
Bhushan Power & Steel, Kolkata
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M. Natarajan
CEO
Haldia Coke & Chemicals, Chennai
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Kunal Mittal
Managing Director
SBM Group of Companies, Guwahati
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Jaydeep Kavadi
Senior Manager
YES Bank, Mumbai
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Hari Krishna Sammidi
Manager
Jindal Steel & Power, Raigarh
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H N Mishra
Head Information Service
Tata Iron & Steel, Jamshedpur
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G.V. Kiran
Ex. Vice President
Brahmani River Pellets, Jajpur
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Dhawal Doshi
Vice President
Phillip Capital , Mumbai
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Devanand Chauragade
GM-Marketing
Hira Ferro Alloys, Raipur
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D K Singh
MD and CEO
Refractories Dynamics, Pune
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C S Panigrahi
Country Head
Scholz AG, Kolkata
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Brajesh Sohrot
Dy. President (Procurement & SCM)
Kalpataru, Mumbai
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Bharat Tank
Countary Head-Marketing (E & P Division)
Electrotherm (India), Ahmedabad
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Bhaktimay Lahiri
Ex.GM and Retired Steel Executive
Arcelor Mittal, Kolkata
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B R Pattnayak
Head (Commercial)
The Industrial Development
Corporation of Odisha, Bhubaneswar
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Avinash Deshpande
General Manager
Reliance Industries, Mumbai
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Avinash Chandra Gupta
Managing Director
Shri Badrinarain Alloys & Steels,
Kolkata
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Avinash Bhandari
JMD
Electrotherm (India), Ahmedabad
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Ashok Jain
Managing Director
Diamond Shipbrokers, Mumbai
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Ansuman Pattnayak
Executive Officer
POSCO India, Bhubaneswar
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Aditya Malhotra
Director
Amtek India, Pune
Testimonials
Good to see some text on new technologies. It keeps us updated.
Parmanand Agrawal,
The magazine is really very informative. Wish you good luck.
G.S. Khuntia, Director
Excellent and very accurate reporting. Kudos to your market analysts.
S.N. Agrawal, Associate VP (Procurement)
Steel 360 is informative as well as value adding. Your efforts on gathering data are very much appreciable.
Muralidharan Nambiar, Manager, Global Sourcing
Steel 360 is really a good read. The information that you provide is very accurate.
Manas Pradhan,
The magazine has got a very rich content. This is what we were looking for from a long time.
Shailendra Kumar Sinha, Sr. Geologist
There is so much to know about Steel these days. Thank you for consolidating such useful data.
Rambabu Kankani, Broker
Very informative and concise. All the very best.
Ramesh Iyer,
We were waiting for such a magazine on Steel. Look forward to some good read.
Amit Agrawal,
Great read. I wish the Steel 360 team very best.
Harsh Chauradiya,
We think the magazine is very useful. Keep up the good work.
B. Prabhakaran, Managing Director