/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2025%2F05%2FImpact-of-Anti-Dumping-Duties-on-Steel-Imports-in-India.jpg)
Navigating fluctuating steel prices is one of the biggest challenges for Indian construction contractors. Amid global trade tensions and cost pressures, anti-dumping duties on steel have become a critical policy tool used by the Indian government to protect domestic manufacturers. However, these duties also directly impact construction material costs and procurement strategies. In this blog,
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2025%2F02%2FUnion-Budget-2025-Transformative-Insights-for-Indias-Steel-Industry.jpg)
Introduction The Union Budget 2025 has laid the foundation for India’s continued economic growth, with significant implications for the steel industry. As a key driver of infrastructure development, manufacturing, and exports, the steel sector stands to benefit from strategic policy reforms, fiscal incentives, and investment opportunities unveiled in this year’s budget. Key Highlights Impacting the
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2024%2F10%2Ftmt_construction-copy.jpg)
When it comes to construction and infrastructure, selecting the right materials is crucial for ensuring strength and durability. Two common options are steel bars and TMT (Thermo Mechanically Treated) bars, each with distinct advantages. While steel bars are affordable and suitable for moderate load-bearing projects, TMT bars offer superior tensile strength, ductility, and resistance to seismic forces, fire, and corrosion. This blog explores the key differences between TMT and steel bars, helping you make an informed choice based on your project’s specific needs, budget, and environmental factors.
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2FHcl.png)
The global hydrochloric acid market is witnessing substantial growth due to increasing demand in various industries. India is emerging as a significant exporter, while Germany and the United States are prominent importers. Discover the versatile applications and positive market outlook for hydrochloric acid.
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Foil-template-unblurred.jpg)
The recent decision by Saudi Arabia, the world’s top oil exporter, to implement an additional voluntary oil production cut of 1 million barrels per day starting July 2023 onwards has sent ripples through the global oil market. This unexpected move, outside of the OPEC+ meeting, has significant implications for oil prices, supply dynamics, and the
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2FOPAL-1.png)
OPAL has implemented price protection for PE products and reduced prices for LLDPE and HDPE grades, aiming to stabilize the market and stimulate demand. PP prices remain unchanged. These actions reflect OPAL's adaptability and commitment to providing value in the polymer industry.
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fsoybean.png)
Last week, soybean prices witnessed a decline due to low demand and delayed sowing, impacting both domestic and international markets. Let’s explore an overview of the key factors affecting soybean prices and insights into the market outlook. Market Affecting Factors 1. Decreased Soybean Prices: On 19 June 2023, soybean opened at Rs.5410 Solapur,
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fsugar.png)
Sugar prices have been on the rise worldwide, reaching multi-week highs recently. While the global sugar market experiences tight supplies and witnesses an 11-year high in April 2023 India has managed to maintain relatively stable domestic sugar prices, offering some relief to consumers. India, the world’s second-largest sugar producer, is now facing the challenge of
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fcumin-2-3.png)
Cumin prices have witnessed a significant surge, rising by 5.02% to reach 51,790 per quintal. This increase is primarily driven by robust export demand and concerns over lower stocks at the end of the current marketing year. This season, the market expects a decline in yield and quality, which has led to increased demand from
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F05%2F3-2.jpg)
Xinjiang province in China produces over 70% of the country’s total cotton production. However, the province has faced lower cotton crop production in 2023, resulting in China placing a large order for cotton yarn from India. China’s recent order of nearly 5,000 tons of cotton yarn from India has sent ripples across the textile industry.
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F04%2F10-min.jpg)
In recent times, the Indian cotton market has been facing challenges due to low arrivals and a slow recovery in textile and apparel consumption. However, despite these obstacles, the market has shown resilience, with Indian cotton prices remaining firm and even showing an uptrend. The government’s efforts to support downstream capacity expansion and favourable economic
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2021%2F08%2FLeather_blog_for_website_50.jpg)
India accounts for nearly 13% of the world’s leather production. The industry handles an annual production of about three bn sq. ft. of Leather, and it is one of the top foreign exchange earners for the country. The major drivers of the leather sector in India include the footwear and fashion industry. Although India has an abundance of
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2025%2F04%2Fcompressed_construction_safety_image.jpg)
Introduction In an industry as high-risk as construction, safety isn’t optional—it’s essential. Construction safety is the foundation for productivity, legal compliance, and, most importantly, human life. Every year, thousands of workers face accidents and injuries due to preventable safety lapses. This blog explores the key construction safety regulations and best practices that ensure a secure
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2025%2F04%2FSustainable-Construction-Building-with-Green-Architecture.jpg)
Introduction to Sustainable Construction Sustainable construction has emerged as a crucial response to the growing climate crisis and environmental degradation caused by traditional building practices. This forward-thinking approach to architecture and engineering emphasizes eco-friendly materials, energy-efficient systems, waste reduction, and long-term performance. As we step into an era that demands responsible resource usage and carbon
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2025%2F04%2Fcompressed_construction_banner_final.jpg)
Introduction The construction industry is undergoing a significant transformation. With technology, sustainability, and evolving policies shaping its path, 2025 is expected to be a year of innovation and growth. Builders and developers must stay updated on key trends to stay competitive and efficient. This blog covers the most impactful construction industry trends 2025 that will