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This article unpacks the concept of Veblen goods through a strategic business lens, showing how higher prices can drive demand when products signal status or exclusivity. From premium steel to elite logistics, we explore how Indian businesses—especially those in B2B and procurement—can apply Veblen thinking to differentiate offerings, boost perceived value, and create pricing power. It's not just about luxury—it's about positioning, psychology, and smart strategy.

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Sponge iron, or direct reduced iron, plays a pivotal role in the steel industry by aiding in the reduction of iron oxide through reactions with carbon. As a major contributor, India produces 20% of the world's sponge iron with over 200 plants. Its significance in the steel industry ranges from an alternative to scrap to boosting furnace efficiency. Read on to learn more.

Last updated on: Mar 17, 2025
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