India’s home metal consumption throughout April-August dropped to its lowest in not less than six years, authorities information analysed by Reuters confirmed, underlining the financial slowdown and stoop in infrastructure spending.Metal consumption, within the first 5 months of the fiscal yr, was at 27.four million tonnes, a 35% fall over final yr, information confirmed. The studying was additionally the bottom since information was collated within the present kind starting FY15.Completed metal manufacturing additionally fell over 30% throughout April-August to 30 million tonnes, information confirmed.Metal producers, nevertheless, continued to trip out the home stoop by focussing on exports, with China rising as the highest purchaser, transport in a document 1.7 million tonnes throughout April-August.
A letter from the Editor
Expensive subscriber,Thanks!Your assist for our journalism is invaluable. It’s a assist for reality and equity in journalism. It has helped us hold apace with occasions and happenings.The Hindu has all the time stood for journalism that’s within the public curiosity. At this troublesome time, it turns into much more essential that we have now entry to data that has a bearing on our well being and well-being, our lives, and livelihoods. As a subscriber, you aren’t solely a beneficiary of our work but in addition its enabler.We additionally reiterate right here the promise that our group of reporters, copy editors, fact-checkers, designers, and photographers will ship high quality journalism that stays away from vested curiosity and political propaganda.Suresh Nambath