Page 71 - Steel Tech India eMagazine Volume October 2020

81. Ŗ 01 Ŗ 1EVQDGT

6JG OCPWHCEVWTKPI downturn was shorter and less acute +P #5'#0 YJKNG UQOG EQWPVTKGU HCTGF YGNN CPF PGGFGF
VJCP GZRGEVGF *QYGXGT VJG 75 KU UVKNN UVTWIINKPI VQ NGUU UVTKPIGPV NQEMFQYPU /CNC[UKC CPF VJG 2JKNKRRKPGU
EQPVTQN VJG XKTWUŏU URTGCF CPF VJG TGEQXGT[ OQOGPVWO YGTG UGXGTGN[ CHHGEVGF 8KGVPCO YKNN UGG RQUKVKXG ITQYVJ
OKIJV VCRGT QHH KP VJG EQOKPI OQPVJU 6JG QWVNQQM HQT KP UVGGN FGOCPF FWG VQ VJG UWEEGUUHWN EQPVCKPOGPV QH
KU NGUU QRVKOKUVKE YKVJ C UWDFWGF QWVNQQM HQT the virus.
construction and auto production. 6JG /'0# TGIKQP YCU CNUQ UGXGTGN[ JKV D[ VJG FWCN
+P 'WTQRG VJG PGICVKXG GEQPQOKE KORCEV QH %18+& UJQEM QH VJG RCPFGOKE CPF HCNNKPI QKN RTKEGU
YCU UQHVGPGF D[ UVTQPI UQEKCN UGEWTKV[ UEJGOGU CPF +P VJG TGEQXGT[ QH UVGGN FGOCPF KP VJG FGXGNQRKPI
ſUECN UVKOWNWU 6JG RQUV NQEMFQYP TGEQXGT[ KP VJG '7 KU GEQPQOKGU KU GZRGEVGF VQ DG NGUU VJCP HWNN DWV HCUVGT
VWTPKPI QWV VQ DG UVTQPIGT VJCP GZRGEVGF DWV VJG FGGR VJCP VJG FGXGNQRGF GEQPQOKGU FTKXGP D[ KPHTCUVTWEVWTG
EQPVTCEVKQP QH OCLQT UVGGN WUKPI UGEVQTU GURGEKCNN[ KPXGUVOGPV 5VGGN FGOCPF KP VJG GOGTIKPI GEQPQOKGU
CWVQOQVKXG YKNN EQPVTKDWVG VQ C FQWDNG FKIKV EQPVTCEVKQP GZENWFKPI %JKPC KU GZRGEVGF VQ HCNN D[ KP
KP 6JG EQPVTCEVKQP YCU RCTVKEWNCTN[ RTQPQWPEGF KP CPF TGEQXGT D[ KP
+VCN[ CPF 5RCKP Steel using sectors
+P ,CRCP CPF 5QWVJ -QTGC FGURKVG TGNCVKXGN[ UWEEGUUHWN +P IGPGTCN VJG UVGGN WUKPI UGEVQTU UWHHGTGF NGUU HTQO VJG
OCPCIGOGPV QH VJG XKTWU YKVJ NGUU UGXGTG EQPVCKPOGPV NQEMFQYP CPF CTG TGEQXGTKPI HCUVGT VJCP VJG JQURKVCNKV[
OGCUWTGU UVGGN FGOCPF YKNN UGG C UWDUVCPVKCN CXKCVKQP CPF GPVGTVCKPOGPV UGEVQTU # UVTQPI TGDQWPF
EQPVTCEVKQP KP YKVJ NKOKVGF TGEQXGT[ PGZV [GCT FWG KP OCPWHCEVWTKPI YKNN DG EQWPVGTDCNCPEGF YKVJ C NCUVKPI
VQ HCNNKPI GZRQTVU CPF YGCM EQPſFGPEG KORCEV QP VJG UVGGN WUKPI UGEVQTUŏ UWRRN[ EJCKP FWG VQ
UOCNN CPF OGFKWO UK\GF GPVGTRTKUGU IQKPI DCPMTWRV
1XGTCNN UVGGN FGOCPF KP VJG FGXGNQRGF GEQPQOKGU KU
GZRGEVGF VQ HCNN D[ KP CPF KPETGCUG D[ 1. Construction
KP 6JG EQPUVTWEVKQP UGEVQT TGOCKPGF OQTG TGUKNKGPV VQ VJG
%18+& UJQEM CU OCP[ IQXGTPOGPVU HQEWUGF QP
6JG %18+& RCPFGOKE YKNN GZGTV C NGUU UGXGTG KORNGOGPVKPI RWDNKE RTQLGEVU (QNNQYKPI VJG GCUKPI QH
KORCEV QP UVGGN FGOCPF KP VJG FGXGNQRGF GEQPQOKGU NQEMFQYP VJKU EQPVKPWGF KP VJG CFXCPEGF GEQPQOKGU
VJCP VJG INQDCN ſPCPEKCN ETKUKU DGCTKPI KP OKPF VJCV CV OQUVN[ FTKXGP D[ KPHTCUVTWEVWTG KPXGUVOGPV RGPV WR
VJG DGIKPPKPI QH VJG RCPFGOKE UVGGN FGOCPF JCF PQV FGOCPF NQY OQTVICIG TCVGU CPF GCUKGT CEEGUU VQ
[GV HWNN[ TGEQXGTGF HTQO VJG ETKUKU credit.
3. Developing economies excluding China 6JG EQPUVTWEVKQP UGEVQT KP OCP[ GOGTIKPI GEQPQOKGU
)GPGTCNN[ VJG GOGTIKPI GEQPQOKGU JCXG DGGP NGUU YGNN YKNN UGG C FQWDNG FKIKV EQPVTCEVKQP KP PQVCDN[
GSWKRRGF VQ CDUQTD VJG RCPFGOKE UJQEM CPF VJG KORCEV 6WTMG[ /GZKEQ CPF $TC\KN CU VJG[ GPVGT C FGGR
JCU DGGP WPGXGP FGRGPFKPI QP VJG GEQPQOKE UVTWEVWTG TGEGUUKQP CPF HCEG ſPCPEKPI KUUWGU 1P VJG QVJGT JCPF
CPF VJG UGXGTKV[ QH VJG EQPVCKPOGPV OGCUWTGU TGSWKTGF KP %JKPC VJG EQPUVTWEVKQP UGEVQT YKNN TGDQWPF UVTQPIN[
6JG KORCEV JCU KPENWFGF TCRKFN[ HCNNKPI FQOGUVKE VJCPMU VQ IQXGTPOGPV UVKOWNWU OGCUWTGU
FGOCPF VJG EQNNCRUG QH GZRQTVU CPF EQOOQFKV[ RTKEGU 6JG TGEQXGT[ KP YKNN DG UNQY .QQMKPI HQTYCTF
CPF C HTGG HCNN KP VQWTKUO YKVJ PQ KOOGFKCVG TGEQXGT[ KPHTCUVTWEVWTG KU GZRGEVGF VQ FTKXG EQPUVTWEVKQP ITQYVJ KP
DGKPI UGGP # FQWDNG FKIKV HCNN KP UVGGN FGOCPF KU VJG EQOKPI [GCTU GURGEKCNN[ KP FGXGNQRKPI GEQPQOKGU
GZRGEVGF KP HQT VJG OCLQT GOGTIKPI GEQPQOKGU (KPCPEKPI FKHſEWNVKGU CTKUKPI HTQO YQTUGPGF IQXGTPOGPV
DCNCPEG UJGGVU OKIJV NGCF VQ C TGXKUKQP QH KPXGUVOGPV
+PFKC CPF $TC\KN JCXG UWHHGTGF OQUV HTQO C HCKNWTG VQ RNCPU 6JG UWDFWGF QKN QWVNQQM YKNN CNUQ RWV GPGTI[
GHHGEVKXGN[ EQPVTQN VJG XKTWU +PFKC YJGTG QPG QH VJG UGEVQT KPXGUVOGPVU KP EJGEM RCTVKEWNCTN[ KP VJG 75
OQUV UGXGTG NQEMFQYPU KP VJG YQTNF YCU KORNGOGPVGF CPF /'0# )TGGP TGEQXGT[ RTQITCOOGU EQWNF DQQUV
KU GZRGEVGF VQ UGG VJG FGGRGUV FGENKPG KP UVGGN FGOCPF KPHTCUVTWEVWTG KPXGUVOGPV KP VJG FGXGNQRGF GEQPQOKGU
KP FGECFGU *QYGXGT C TGNCVKXGN[ HCUV TGEQXGT[ UJQWNF +P VJG NQPIGT VGTO UVTWEVWTCN EJCPIGU KP VJG EQPUVTWEVKQP
VCMG RNCEG KP UWRRQTVGF D[ TWTCN EQPUWORVKQP UGEVQT YKNN VCMG RNCEG TGƀGEVKPI VJG UJKHV KP FGOCPF
CPF IQXGTPOGPV KPXGUVOGPV KP KPHTCUVTWEVWTG +P RCVVGTPU HQT QHſEG CPF TGUKFGPVKCN URCEG CPF OCLQT
.CVKP #OGTKEC VJG KORCEV JCU DGGP JKIJ CETQUU VJG changes in urban design and build regulations.
EQPVKPGPV FWG VQ KVU UVTWEVWTCN RTQDNGOU CPF RQQT ETKUKU
2. Automotive
OCPCIGOGPV 6JG TGUWNVKPI KPVGTTWRVKQP KP TGHQTOU CPF
FGVGTKQTCVKQP QH VJG TGIKQPŏU UQEKCN UVCDKNKV[ UWIIGUV C 6JG CWVQOQVKXG UGEVQT UWHHGTGF FTCOCVKE EQPUGSWGPEGU
UNQY TGEQXGT[ KP HTQO VJG RCPFGOKE +P #RTKN CWVQOQVKXG RTQFWEVKQP

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