SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian steel import soars up in July by 20%

16 Aug 2012 Evaluate

Despite the hike in import duty on certain alloy products, Indian steel imports scaled up by 20% at 5.69 lakh tonne in July. The growth in consumption is the major driver of increased imports. The consumption stood at 7.7% in the first four months of the current fiscal and domestic production soared up by 3.3%.

The alloy steel imports had increased by 32% at 6.01 lakh tonne. As per the latest provisional data from the Joint Plant Committee under the Ministry of Steel, the import of non-alloy or carbon steel products had surged by 37.3% to 1.96 million tonne for the period.

In 2011-12, steel consumption had increased at 6 per cent. For the ongoing fiscal, large steel manufacturers like SAIL and Tata Steel expect domestic consumption to increase between 8-9%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×