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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Procurement

What is DRI full form and its role in the steelmaking?

Direct Reduced Iron (DRI) in Steel Plant is a sustainable alternative to traditional ironmaking, offering high metallization, low impurities, and reduced carbon emissions. Used in Electric Arc Furnaces (EAFs) and Induction Furnaces (IFs), it enhances energy efficiency and supports green steel production. Despite challenges like high investment costs and iron ore dependency, advancements in hydrogen-based DRI and carbon capture are driving its future in low-carbon steelmaking.

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Business Loans

Agriculture business loan: Know eligibility, interest rates, benefits and more

Agriculture business loans funds all agricultural business activities like sourcing seeds for cultivating cash crops, buying livestock for animal husbandry and even buying a machine for food processing. These business loans can be easily obtained from various financial institutions in the country.

Jul 25, 2023

Priyanka Babu

Logistics

Understanding inventory turnover ratio and its formula

Calculating the inventory turnover ratio is essential for all businesses that deal with inventories. The ratio indicates the performance of the inventory function which is directly linked to sales. With improvement in the inventory management ratio, a business can maximise sales and achieve greater heights. Read on to know more.

Last updated on: Jul 24, 2023

Swati Deshpande

Logistics

What is lead time? Its importance and benefits

Timely deliveries of goods and services is extremely important for achieving customer satisfaction. If you are facing delay in deliveries, you need to find out the lead time, areas of improvement and ways to improve the lead time. Here is how you can do it.

Last updated on: Oct 19, 2023

Swati Deshpande

Procurement

Steel prices in Mumbai and Pune

Table of Contents Steel prices in Mumbai Steel prices in Pune In these volatile market conditions, one of the problems that the Indian steel industry is the fluctuating market. Additionally, steel prices fluctuate constantly. It creates confusion amongst buyers. Additionally, prices change city-wise. According to a report, steel prices were dropping since a month ago indicating weak demand in India. As per the latest report, increasing prices in China and global iron prices have brought fresh enthusiasm to the Indian...

Last updated on: Sep 13, 2023

Swati Deshpande

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