According to the data from the Ministry of Steel, in FY17, the domestic steel consumption was 84 million tonnes (MT).
You must check out the five best performing stocks in the BSE 500 list.
Some commodity analysts have expressed a sombre price outlook on the stock for medium term.
The impact is already evident in the domestic steel sector - SAIL would be the hardest hit.
Indiabulls stock ended about 40% higher at Rs 148.15 on Monday.
Titan Company started off with extremely high multiples in the first decade of 21st century but since 2007, the stock has returned 700% or 23.2% annually.
This will lead to massive net worth erosion for Adani Power. Till date, it has accounted for close to Rs 9,000 crore. Analysts expect a write off of Rs 5,000 crore.
The domestic price of sponge iron has risen by over 64% to around Rs 18,000 per tonne in April from the lows seen in mid-2016.
ABS is widely used in the manufac turing high quality plastics for auto and consumer appliances. India's total capacity is about 360,000 tonnes and demand is growing at double digits.
Over the last two years, it has acquired clients such as Asian Paints, ITC, Nestle, Sun Phar ma, Aurobindo phar ma, and MRF among others for providing cables at their plants.
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