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Rising Chinese steel capacity a worry for other nations
The fall in steel prices in the wake of global economic meltdown has consigned many balance sheets of groups taking the metal in the red. The drop in demand in the final quarter of 2008 was so steep and steel product prices turned so uneconomic, particularly for high cost mills in western countries, that the industry in many regions was forced to switch off half the capacity.
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Domestic air traffic witnesses rise in October

Domestic air traffic witnessed an increase of around 4.64 lakh passengers in October, according to official figures released today. - Rebounds face resistance at 4,850 - Intermediate trend reversal? - Jet, Kingfisher, SpiceJet raise fuel levy by up to Rs 200 - Jet, Kingfisher hike fuel surcharge, SpiceJet mulls same - Cost gap between full-service, budget airlines narrows - Jet not to renew service contract of 25 expat pilots A total of 39.69 lakh passengers travelled by scheduled domestic airlines in October whereas only 35.05 lakh passengers had opted for air travel in September. Jet Airways and its subsidiary Jetlite led the pack by carrying around 11 lakh passengers together followed by Kingfisher with 8.23 lakh. They were followed by national carrier Air India (Domestic) with 7.40 lakh, Indigo with 5.40 lakh, Spice jet with 4.91 lakh and Go Air with 2.15 lakh passengers in the same period. Jet had a percentage share of 27.7, followed by 20.7 per cent of Kingfisher and 18.6 per cent of Air India (Domestic). Among the no-frill airlines, IndiGo had a percentage share of 14.3, SpiceJet 13.2, GoAir 5.8 and Paramount 2.0. Paramount Airways led the chart among the domestic airlines in terms of On-Time Performance by operating 88.7 per cent of its flights on time. Kingfisher and Indigo followed it up with 82.8 and 82.4 per cent, respectively.


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