metalore

About metalore

Incorporated in 1994, MetalOre first began operations as Jaydeep Enterprises. Committed to bringing steel of international standards to India, MetalOre is amongst a handful of the country’s leading companies in the import and marketing of steel. Products from global brands and manufacturers, are curated and supplied for specific applications within the country Amongst the global principals and clients. While the demand for steel is insatiable, the innate issues around its production and profitability, challenge public and private enterprises globally. The global steel industry is going through the worst downturn in 50 years. China has produced and consumed more steel in the last ten years than Britain has, since 1870. However, unbalanced supply and demand has left even this country calling for global cooperation to try and tackle the industry's problems. Over in the UK, Tata Steel put its entire business up for sale. The problems it faces are just reflections of the scenario back home in India. Lack of large capital investment due to the weak confidence index of private group's / conglomerates, high interest rates due to inflation control, policy paralysis, low oil prices, commodity prices tumbling down as a while, low offtake in infrastructure project's due to shortage of funds, stressed assets ,etc. are amongst the major factor's which, sum up the issues that ail the Indian iron and steel industry. Though the global steel industry outlook seems far from encouraging, MetalOre’s strategic vision has guided its operations, to emerge sustainable and rock steady for over 24 years running.