SEPTEMBER 20239TOP STORIESCHINA'S STIMULUS MEASURES EXPECTED TO BOOST PRICES FOR FERROUS METALS IN INTERNATIONAL MARKETNTPC WILL LAUNCH THE COUNTRY'S FIRST GREEN HYDROGEN FUELING STATION IN A MONTHMotilal Oswal Financial Services, the demand for steel in India is anticipated to increase starting on September 23 as new projects begin to take shape and building activity ramp up after the rainy season. We anticipate an increase in steel prices on the export market in the coming weeks as a result of China's stimulus measures, which are also anticipated to drive up prices for ferrous metals on the global market.The Indian domestic consumption narrative is still strong due to the government's emphasis on infrastructure, record public and private sector capital expenditures, and increased demand for consumer durables and autos. India is anticipated to take over 40 percent of the metal offtake that China is anticipated to lose over the next ten years.China announced various stimulus measures this week to improve the mood in the real estate market, including lowering the minimum down payment and renegotiating mortgage rates for first-time homebuyers. The real estate sector's collapse has been effectively masked by the Chinese government's efforts, which have improved weekend sales. Chairman and Managing Director Gurdeep Singh, the nation's first Green Hydrogen fuelling station will be inaugurated by the state-owned power company NTPC Ltd in Ladakh next month. We anticipate that this project will be very beneficial as a trial, and we want to make it operational in one month. By the way, we lost some time as a result of the recent severe rains and the destruction to the road infrastructure, Singh stated during a speech at the ceremony.The project will generate 80 Kg of 99.97 percent pure hydrogen each day, which will be compressed, stored, and released. Five hydrogen fuel cell buses will be operated by the company in the area. Our hydrogen bus is already in place, and it will be a fuel cell electric vehicle (FCEV) because it will be powered by hydrogen fuel. The solar power setup in Leh itself would be used to manufacture this green hydrogen.He added that the National Hydrogen Policy, which the government just implemented, is laying the groundwork for the further development of this fuel. The ministry has been taking trailblazing measures in that direction, Singh said, and Green Hydrogen is the best alternative because it has the potential to overtake conventional fuel in the next ten years.
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