Month: November 2017

Steel Industry- Useful Information

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The steel industry has undergone many changes in the recent years, especially in the US. With the competition for business becoming more competitive, steel producers have had to look for ways to reduce costs while increasing their production. The USA has quickly become one of the world leaders in steel production due to all of the efforts of these companies to remain competitive. It is still forecast that the employment opportunities will continue to decrease yet the production rates are forecast above average making the steel industry a profitable business.

The steel industry produces steel by combining scrap metals, iron, and additional products and melts them down to produce other products. The molten steel is poured into molds, or cast into other forms such as rods, sheets, wires, cold rolled steel or whatever the demand may be. It is a complicated process but with this small description you can see the amount of work that goes into each product.

How do scrap steel prices affect me as a consumer?

To know just how much your scrap is worth you can check the steel price index. As demands for scrap (which is the base product of many production companies) increases the prices go up to encourage vendors to get rid of their stock. Even the average Joe has learned to make a profit off of this industry by offering to clean out garages, take in your junk cars on trade and so on.

Five short years ago used car dealers were able to buy up cars, repair them and turn a profit by offering affordable transportation to you, the consumer. Now we see a downslide in the auto industry because it is more profitable for an auto owner to take their car to the scrap yard and make a higher profit therefore making the price of a used car go up because there are fewer affordable vehicles available to the public.

How does Cold Rolled Steel get priced?

When production is high and the demands are low the cold rolled steel prices go down. When just the opposite happens the prices skyrocket and steel producers once again begin to see profits.

The steel industry is always based on supply and demand so being able to produce more products with less production workers is always an important part to keep the business thriving and competitive.

In conclusion, If the demand for scrap metal goes up, the scrap steel prices will continue to rise. During times of war this has been seen in the past and we are continuing to see it today. If you have an old car sitting in the driveway taking up space you may want to go to the local scrap yard and find out just how much its worth, not only will you be ridding yourself of the eyesore in the driveway, you may just be making a little extra money to spend on other items that you were unable to afford.

Asbestos Cement Sheet Industry Sustaining On Rural Demand

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Despite the lull in the real estate sector and the subsequent reduced demand, the asbestos cement sheet industry has managed to record a healthy growth rate of 10-12% per annum.

The slowdown in construction activity has failed to dampen the spirits of SMEs that constitute the bulk of the sector as they continued to receive a steady flow of business.

Experts believe that the high growth rates clocked by the sector have been mainly possible due to the sustained demand in the rural sector, which accounts for over 50% of the market for the asbestos industry.

Succeeding despite odds

Though last year saw a spurt in campaigns against the use of asbestos products in India, SMEs in the industry continued to witness a surge in the demand for their products. Small vendors providing roofing material to the rural population remained relatively unfazed by the adverse effects of the downturn and the campaigns.

Even though the construction sector has taken a hit due to the slowdown, the demand for asbestos products has not been affected. We have continued to see good margins and increased offtake despite worsening economic conditions, said T Sohangpurwala, proprietor of Calcutta Asbestos & Belting Company, a small-sized asbestos supplying firm in Kolkata.

The asbestos industry in India is projected to see a steady demand in the next few years as well. A new report from the Asbestos Cement Products Manufacturers Association (ACPMA), the chief organisation aimed at promoting chrysotile asbestos cement in India, predicts good times ahead for the SMEs in the sector.

Despite campaigns seeking a ban on the use of chrysotile asbestos, the demand for asbestos cement will remain steady as very few products can compete with it in terms of price and durability when it comes toroofing houses, said A Modi, Chairman of India Asbestos Manufacturing Company, a small-sized asbestos cement manufacturing unit in Jaipur. Asbestos is one of the best roofing options in rural India as it costs less than a third of the equivalent quantity of steel sheeting.

Although the outlook of the asbestos cement sheet industry looks positive, small vendors need to exercise prudence at present. They must also ensure that their manufacturing processes are clean to guarantee the safety of their Products.

Tom West Zuckerburg of the Entertainment Industry

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I’m sure everyone is familiar with Facebook and its origins. Mark Zuckerburg, owner of Facebook, was able to build a successful business online because he was able to pinpoint what the people wanted from a social networking website. Tom West, on the other hand, was able to determine what employers and service providers of the entertainment industry need to make it easier for both parties to find each other, negotiate pricing and get payed securely. That being said, Tom West will certainly become Zuckerburgh of social and career interaction in the entertainment industry. Tom West is the creator and founder of Modelfuse.com, Musicianfuse.com, and Moviesfuse.com. These are highly addictive social networking/Job Hiring sites which cater to the needs of entertainment freelancers and employers. You canfind models, musicians, actors and everyone between by posting a job in these websites. On the other hand, these websites become the stage for entertainment freelancers to showcase and network their talents. You might be wondering who Tom West is after learning how he bridged the gap between employers and service providers of the entertainment industry. To know him better, I spent my Saturday morning on the phone with him and I would like to share my conversation with Tom here. Lynette:I’ve noticed that your websites are focused on helping the entertainment industry. Why is that? Tom: When I was a child, I formed a band together with my childhood friends. We were able to secure a contract with Island/Universal Records and Maverick Records. Because of my band, I’ve met cool people across the world and got to release an album. Although our popularity didn’t last long, I learned so much and the experience was unbelievable. Lynette: You’re pretty amazing for a kid. What was the best moment that you can remember during your time with the band? Tom: Well, we were able to tour with major acts such as Duran Duran. An experience of a lifetime! Lynette: When your band broke up, you started dabbling in Entertainment Business right? Tom: Ha ha yea I had to figure out how to put bread on the table! That’s kinda how I learned to make a website for my recording studio business. Tom and his best friend partner had many business ideas that were almost successful but nothing really stood out until Tom’s recent realization of the entertainment industry’s need for service providers. When I asked Tom how he figured it all out, his answer was funny and so true in the entertainment industry. Lynette: How did you come up with the idea of making a website for both employers and freelancers? Tom: Well,for a few years, I’ve been trying to hustle new clients and find people who need music related work done. And man it was a struggle, plus chasing money down to! So when I was sitting replying to an advertisement on craigslist, I thought why isn’t there a site for this? I mean most people these days are freelancers anyway. So, I scheduled a meetingwith GarrettO’Neill, my business partner, for a coffee. He loved the idea and we started planning the business. That’s pretty much the story on how the three websites are born. Musicianfuse.com is the first website that was planned by Tom but Modelfuse.com was created and released first. Wondering why, I asked Tom the reason behind his actions. Lynette I know you started with Musicianfuse.com but Modelfuse.com was out first, I wonder why. Tom Well, when we were developing Musicians Fuse, my girlfriend was a pretty successful model at a large international modelling agency at that time. I mean everyone has heard horror stories about agencies but I saw it firsthand. Mine and my partner’s plan was always Musician Fuse first but because of the situation, I thought of creating a website that caters to the needs ofthe models, hairstylists,photographers, and the clients. Ironically, my girlfriend left me for a photographer shortly after I started developing Model Fuse. Anyway, I decided to hurry and release Modelfuse.com as soon as possible . I decided not to delve deeper into that topic because it’s personal and might make Tom feel uncomfortable. Tom suggested that I try one of Modelfuse.com apps called paparazzi which I did and I thoroughly enjoyed playing with it. I created an account on Modelfuse.com to use this app which will come out this month. Out of curiosity, I asked Tom if he is dating anyone and his response is understandable. Tom : Not as of yet, I just got out of a 5 year relationship so I’m a bit jaded at the moment. Also, I work 24 hours a day so I’m not sure if anyone would be in to sitting next to me and our teams on the computer (laughs). Having met Tom personally, I think he is such a nice guy with lots of brilliant ideas. With his company’s vision, he’ll surely help a lot of people in the entertainment industry. I wish Mfuse LLC. success which they so much deserve for helping both employers and service providers. You can visit http://www.mfusellc.com/ to learn more about Tom and his websites. By, Lenette Rice

An Overview Of Indian Industry Of Catering Services

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Catering Services have been an important sector of the countries like the United States. More than 8,000 catering companies in the USA record the annual revenue of more than $7 billion. The trend has been slowly growing in India, but it has recently adopted a fast-paced growth due to many reasons.

India is a country where numerous festivals and ceremonies are held in the form of important events. So, the scope of the catering industry in such a country is worth taking a note. The catering industry in the country is finally extending its reach beyond marriages and the Indian catering service providers are enjoying the good time. Here is an overview of the catering industry in India.

The catering services industry in India has been consistently growing at the annual growth rate of 15 to 20 percent. In 2009, the industry attained the worth of INR 15,000 crore. The good aspect about the Indian catering industry is that it didnt bear any major negative effects during the period of recession. So, what are the reasons for the consistent growth rate enjoyed by the Indian catering industry?

Interest in Catering Services

The members of the Indian families usually took care of different arrangements during a social gathering or an event. This trend is fast being replaced by the peoples interest in hiring catering services. This often results in better arrangements and opportunity for everyone in the family to enjoy the function.

Cross-region Specialties

Earlier, an event taking place in a family belonging to a particular region of India used to have cuisines preferred in that region. But, the scene has changed today, all thanks to the popularity of catering service providers. Now, a wedding taking place in Punjab has South Indian dishes in its menu. Cuisines from Gujarat, Bengal and other Indian states are included in the menu cards all over the country. This encourages people to hire the professional catering services.

Catering Institutes

It is indeed surprising to watch the growing number of hotel management and catering institutes in all parts of the country. Above all, the students are taking interest in joining the professional courses to make a career in the industry. So, the future of catering industry in India is going to be even better than the present situation.

Corporate Culture

Apart from the social gatherings and festive occasions, the formal events, seminars, conferences and other business related events consider professional catering services to add to the success of these events.

Family Style Restaurant

Restaurant based catering services too have improved in the country in the past few years. People, who are earning well in various fields and who have started living higher standards of life, prefer to choose dining venues with professional catering services.

The festival season of October and November in India is among the best times for the catering companies. Though, the industry doesnt rest for the remaining part of the year as well. Going further, the presentation and decoration used by the professional caterers further make them popular for various types of events. All of the aforesaid reasons justify the consistency in the Indian catering industry growth rate.

Cement Industry Of India

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Cement is one of the main industries that plays a pivotal role in the growth and expansion of a nation. The cement industry is one of the main beneficiaries of the infrastructure boom in the country. The Indian cement industry is huge, and it has great production capacity. Currently, the total capacity of cement industry is about 165 million tonnes, which is the second largest in the world.

Cement is one of the vital constituents that is required for every construction purpose, such as industrial, housing, and also for construction of infrastructures, such as roads, ports, bridges, power plants, and so on. Thus, the cement industry is a significant contributor to the revenue collection of the government.

In India, the cement industry in the initial stages grew very slowly and the supply struggled to meet the demands. However, the scenario changed drastically after the liberalization period. The cement industry began to grow and since then the supply of cement has always managed to keep pace with its demand.

Today, the cement industry in India is one of the most advanced and pioneering sectors in the country, and the cement industry has a huge potential for growth and attracting new investments. The cement industry in India uses the most modern and world-class technology. Also, because India has a high quantity and quality of limestone deposits throughout the country, the cement industry promises huge potential for growth.

The government of India has set ambitious plans to increase the production of cement in the country, and to attain the target the government has made huge investments in the sector. The Department of Industrial Policy and Promotion, which falls under the central Ministry of Commerce and Industry, is the agency that is responsible for the development of the cement industry in the country. The agency is actively involved in keeping track of the performance of cement companies in the country and provides assistance and suitable incentives when required by the company. The department is also involved in framing and administering the industrial policy for foreign direct investments in the sector. Apart from formulating policies, the department also promotes the industry to attract new foreign investments in the sector.

The Department of Industrial policy and promotion plays an active role in promoting foreign investment in India in the cement industry by providing useful information to the investors about the investment climate and opportunities in India. The department also provides advice to prospective investors on various policies and investment procedures.

In order to promote investment in the sector, this department has greatly emphasized the development of good transportation facilities to ensure smooth transportation of bulk cement. It also aims to support the investors by providing them with R&D facilities and technological assistance.

The cement industry in India has been attracting several top-notch cement companies worldwide, which reflects the fact that this industry holds huge potential for investment. Also, due to the boom in the housing sector world-wide and the increased activity of the development of infrastructure, the demand for cement is set to increase globally. Thus, the investors having nothing to lose and are all set to benefit from investing in Indias cement industry.