'Steel Raw Materials Outlook' witnessed industry experts' evaluate the role of excess liquidity in inflating prices of steel making raw materials

Organized by IPFonline Limited in association with The Bengal Chamber of Commerce, the two- day conference saw industry leaders discuss on the challenges faced by the Indian Steel Sector. End Quote

(1888PressRelease) December 14, 2010 - IPFonline Limited (IPF), one of India's most acclaimed trade information and service provider of Industrial and Engineering Products in association with The Bengal Chamber of Commerce is hosting 'Steel Raw Materials Outlook', a two day conference (13th December to 14th December' 2010) at The Oberoi Grand, Kolkata, which focuses on assessing the challenges faced by the Indian steel industry primarily rising out of inflated prices of steel making raw materials.

The conference aimed at discussing the role of excess liquidity in the market which also touched upon the commodity space and has raised concerns over the spiraling volatility in prices of steel raw materials. The Conference also has a definitive scope to analyse the prospective opportunities that can equip the steel industry to face the challenges which is deeply affecting the growth of the steel industry. The first day of the conference witnessed prominent industry experts and influential figures like Mr. Sandipan Chakravortty, MD, Tata Steel Processing & Distribution, Mr. Gerard McCloskey, Founder Chairman, Mccloskey Group, Mr. D V Pichamuthu, Director, Southern Region, FIMI, Mr. Ashwani Sondhi, Director, Indian Commodity Exchange, Mr. M K Sampath, CEO, Pellet Projects (India), Essar Steel and others deliberate on the predicaments staggering the growth of the industry, analyse policy approach and the demand and supply balance, thus providing an outlook for prices of steel making raw materials.

Mr. Linus Lobo, COO, IPFonline limited commented, "The Indian steel industry has immense potential for growth but the key challenge lies in dealing with the volatility in prices for the steel raw materials effectively. Through this forum, we hope to evaluate the impeding factors and arrive at inferences which can help steel makers and the industry at large to negate the detrimental effect of price volatility and augment the growth of the steel sector."

Steel Raw Materials Outlook is being organised by IPFEdge, the conference division of IPFonline limited. IPFonline forayed into the world of conferences and trade fairs with an objective to bridge the gap between buyers and sellers, bringing them together on a single platform, and providing several opportunities for interaction and business development.

About IPFonline Limited:

IPFonline Limited is a trade information and service provider of Industrial and Engineering Product reviews. IPFonline Ltd is a corporation owned by IL&FS, HDFC, and R V Pandit, Founder & Publisher of Industrial Products Finder, India's most widely read trade journal on industrial and engineering products. With a bank of 38 product categories, 38,953 product profiles and a comprehensive list of 16,169 company profiles, the fundamental focus of IPFonline Ltd is to offer industry information about various engineering products, related categories and their manufacturers, as well as services and their suppliers. Head quartered in Chennai with network offices in 13 cities across India, IPFonline Ltd was launched in the year of 1999 and has lived up to its name as an online platform to provide a complete showcase of industrial products and thereby empower the SME Engineering industry in India. It has also forayed into industrial trade fairs across the country and organizes leading industry centric conferences on resources and renewable energy and on Engineering, Industrial Products and Machinery, in some of India's key business hubs. It has recently launched www.ipftradefairs.com for its trade fairs and www.ipfedge.com for its event management and conference business division.

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