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Amid Global Trade War, Indian Govt. is Adopting Diversified Steel Export Policy: Conventionally, Indian steel producers undertake exports when it is difficult to market more volume in the domestic market or the external market offers relatively higher realisation. The Two Scenarios: In the first case, it is known as exportable surplus and there is no conscious effort to create a permanent destination to be explored and nurtured for future shipments and due to the inevitable nature of the exports having been undertaken to clear the inventories, the efforts to negotiate a better deal are also absent. In the second case, which is a rarity as high global prices always result in higher domestic prices, a need is felt to look for a stable destination that would offer long-time prospects with a scope for negotiating a better deal which contributes to export of value-added steel, establish a competitive supply chain and ensuring business with large institutional buyers and reputed agents. The multilateral trading pattern as the above simplistic version of the market mechanism indicates has undergone significant changes giving way to bilateral treaties, free trade agreements, and pacts amongst a block of countries. Is World Trade Organisation Losing its Significance? Objective Behind the Formation: WTO (formerly GATT) that was formed in 1990s with a laudable objective of promoting free and fair trade and framed guidelines and policies to arrest predatory pricing via anti-dumping (AD) and countervailing duties (CVD), the subsidies offered by various countries to the indigenous industries, safeguarding the interest of countries affected by sudden surge in imports and declaring policies against tariff and non-tariff barriers, played its role quite effectively during the last two decades. The Reasons for the Declining Importance of WTO: For the last 6 years, the role of WTO had visibly weakened with the signing of more than 350 bilateral agreements and a plethora of AD/CVD cases. Since 2017, the world steel trade had a paradigm shift with President Donald Trump’s emergence as the protector of the US’ economic interests and the country continued to come out with all bilateral or regional treaties (Trans-Pacific Partnership, NAFTA renamed as USMCA, among others). The Dispute Settlement Body of WTO has literally lost its relevance, although India has approached it for finding a solution to the unilateral announcement of duty hike on steel and aluminium by the US. Argentina, Australia, Brazil, and South Korea have entered into quota arrangement with the US to get access to around 25-28 MT of annual imports. China has retaliated with enhanced duties on imports from the US which is in all probability going ahead with duty hike at the end of 90 days’ deadline. India has expressed its willingness to negotiate with the US before retaliating against duty hike. While the US market has created a stiff barrier to imports from other countries, EU has identified major exporting nations like China, Brazil, Turkey, Vietnam, Ukraine, India, Indonesia, Mexico, Thailand to serve safeguard duties on selected product categories. Slumping Global Market Size: The above facts establish that global trade is currently replete with significant route barriers and steel exports now require more detailed planning on the impact of concluding the export deal on the viability of the importing country’s domestic industries. As the global market size is getting squeezed, the export penetration is becoming all the more strenuous. India could export 6.4 MT of steel in the first 9 months of the current fiscal which is 29.1% lower than last year. It is noteworthy that Nepal, Italy, UAE, Belgium, Vietnam, Indonesia, Malaysia, Spain, and Sri Lanka have emerged as the major export destinations totalling around 44% of total steel exports. Around 76% of steel exports from India comprised of HRC, Coated products and TMT/Wire Rods and Semis (Billets). Alloy and SS exports comprise 7.6% share in total steel exports during April-December 2018. The total finished steel exports comprised of only 8.4% of the total crude steel production in the country. This may be compared to a much higher share of exports out of total crude steel production by Japan (36%), Turkey (44%), Ukraine (71%), South Korea (44%), Brazil (44.5%), Russia (44%), Germany (61%), Italy (76%), France (95%) and China (9%). Japan has exported a total volume of 33.7 MT of steel during the first 11 months of 2018. China, the largest steel exporter has exported around 63.78 MT of steel during January-November 2018 which is, however, comprised of only 7.4% of CS production. It is no wonder that diverted exports by South Korea, Japan, and China from the US due to tariff hike have found access to the Indian market. These countries are therefore the maximum beneficiaries of a growing Indian steel market. The current market realisation in the Indian domestic market offers a still higher return as compared to the ruling global steel prices and therefore the urge to exports is not there. Judging from the trend of investment-led infrastructure demand and gradual rise in manufacturing sector in the country and subdued growth in demand in the regions other than the US and the EU (blocked partially or fully) , it is apparent that domestic steel prices would continue to move at a higher pitch compared to global price level in the coming months. Under such circumstances, it is pertinent that all related export activities (selecting the product wise destinations, fixing the supply chain modalities including hedging, price futures analysis) must be undertaken on a regular basis by Indian steel producers so that switching from domestic to exports at a short notice becomes easy and smooth. Close monitoring of the import trends (imports at 6.7 MT in the first 9 months is only 1.6% lower than last year making India a net importer) is also necessary. Content Courtesy: power2sme Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.

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What is stamping in manufacturing? Stamping includes a variety of sheet-metal forming manufacturing processes, such as punching using a machine press or stamping press, blanking, embossing, bending, flanging, and coining. ... The process is usually carried out on sheet metal, but can also be used on other materials, such as polystyrene.

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Tumbling Steel Prices – What Does it Means for India & China: The party for steel companies that have enjoyed a long bull run seems to be ending. Prices of the hot-rolled coil have now touched Rs 44, 000 a tonne in December 2018 the lowest in India in a year. In China, which supplies more than half of the world’s steel and whose economic activities drive global steel dynamics, prices have fallen 12% in the last 2 months. The decline was steepest in November 2018. Why are the Steel Prices Going Down? A slump in demand from China, rising trade tensions globally post US Presidential elections, as well as emerging signs of a slowdown in global economies, weigh heavy on steel prices will remain under pressure in 2019. According to the global brokerage house, Haitong, “The reason for falling prices of steel in China is due to lower-than-expected winter shutdown in the US.” The ‘Concerning Future’ of Steel Industry in India & China: According to commodity research house, Argus Media, “if weakness extends through 2019, Indian mills could struggle to win customers in export markets as they run up against cut-price Chinese competition, pressuring domestic prices and profitability, ” According to ICRA Report, 2018, “Expectations of lenient production curbs in China during the winter months and rising steel output amid a seasonal moderation in demand have led to a steep correction in Chinese steel prices in November 2018. The threat of cheaper flat steel imports to India in the near term has increased and, as a result, domestic flat steel producers may have to brace for a downward revision in prices, especially in the fourth quarter of this financial year, the Icra report said. However, if China makes further tax cuts and accelerate infrastructure building and urbanisation projects next year, steel consumption might grow, it added. Argus Media say that “the proposals approved by Chinese President Xi Jinping could be read as an effort to support economic activity.” Expert Views: According to Mr. Jayanta Roy, Group Head, Corporate Sector Ratings, ICRA “One of the main reasons for a sharp correction in Chinese hot rolled coil export prices is the ongoing oversupply concerns in China during winter, leading us to believe that seaborne steel prices would remain soft in the coming months. However, a typical pick-up in Chinese demand post the winter months is likely to lead to a recovery in international steel prices in the next fiscal, ”. According to research house, Motilal Oswal, “Even as steel prices are trending down in the international market, they were holding up well in India. But that edge may go away soon. According to Mr. Jayanta Roy, “The steep reduction in international steel prices recently would make steel imports cheaper from January, when these shipments start hitting Indian shores would exert pressure on domestic steel prices in the fourth quarter.” Rising Threat of Cheaper Flat Steel Import: Prices of the hot-rolled coil have now touched Rs 44, 000 a tonne in December, the lowest in India in a year. The threat of cheaper flat steel imports to India in the near term has increased; domestic firms may have to cut prices. Content Courtesy:

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Sheet Metal Stamping Parts: Sheet metal stamping, a guide for beginners- A short and easy guide for beginners through the world of sheet metal stamping. Sheet metal stamping is used to transform flat metal sheets in specific shapes. Stamping of sheet metal is a process based on permanent deformation by cold forming to produce a variety of complex three-dimensional shapes. Tensile forces with high ratio of surface area carry out the process to thickness. The stamping of sheet metals is very common: this is the reason why many objects in your house are the result of a metal stamping process. An example? The metal parts of your automatic coffee machine, your pots and many components of your car. Let's see both the process and the functioning of the sheet metal stamping. Sheet metal stamping: the processes In sheet metal stamping processes are included a wide variety of associated operations: Metal blanking: sheet blanking on iron, aluminum, copper, brass and special alloys is carried out with punching and matrixes. Sheet metal deep-drawing: which can turn flat metal sheet transforming it into metal components such as cylinders, hemispherical caps, or finished products such as pots and pans or other kinds of containers. Sheet metal bending: used to obtain semi-finished products through the pressure exerted by the mold during the metal working. Sheet metal punching: achieved by using automatic CNC machines and standard or special punches and tools, is performed on iron, stainless steel, aluminum, copper, brass and special alloys. Metal threading: used to fix together two or more metal parts. Sheet metal laser cutting: performed using numerical control machines, capable of achieving the precision cutting standards foreseen during the design & engineering phase. As you can see, there’re many processes linked to sheet metal stamping; these are the main processes involved to manufacture metal parts in all industries fields: automotive, household appliances, medical, logistic and plant system sectors and infinite others. Sheet metal stamping: the functioning There’re two types of sheet metal stamping presses: hydraulic and mechanic; both use “dies” to manufacture stamped parts. The entire “die” consists in a male and female part, which work in opposition: the upperpart of the die is set on the first half of the press the second half is fixed on the lower half of the press. When the mechanical or hydraulic press is activated, the flat sheet metal, which stands between the die, reaches the desired shape. The result is always a solution which lets to produce large quantities of metal parts with affordable costs and an excellent level of precision.

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How Emerging Technologies Impact Manufacturing Sector: Emerging Technologies: Are they Development or Disruption for Manufacturing Sector? Exponential technologies are disrupting workplaces, especially in the manufacturing sector. Robotic process automation (RPA), Artificial Intelligence (AI), Machine Learning, and Internet of Things (IOT) have clearly redefined the business models of manufacturing companies. Though in the past, people have been apprehensive about this human-robot collaboration to make headway on the factory floor, but more than that, it is a matter of keeping the workforce abreast of the times. The manufacturing sector is gearing up for networked factories where production lines, supply chains, quality control and design teams are integrated into a high-tech engine that offers actionable insights. Contrary to those who fear human jobs being lost to automation, the manufacturing industry will be propelled by AI-driven enhanced efficiency, agile production, and real-time decision making, allowing the workforce to focus more on innovation. Areas such as seeking new consumer insights and understanding product personalisation requirements will evolve into potentially specialised roles where people will be expected to oversee automated work flows to deliver a bespoke service or product. Though the Indian manufacturing sector has been a late entrant, they need to adapt to these changes. Experts in the industry say a different kind of skillset, which didn’t exist a decade back has become a prerequisite to march into a new future. The Future: The manufacturing sector is gearing towards reducing the digital talent gap and becoming future ready. The government is going deep on critical infrastructure, policy, regulatory, and skill-related issues and introducing reform that is spurting the growth of the sector and increasing career prospects. The Indian auto industry is one of the largest in the world responsible for nearly 7.1% of the country’s Gross Domestic Product (GDP). States such as Tamil Nadu and Maharashtra are viewed as the nation’s auto hubs that can attract young aspiring engineers. Globally, India occupies the 5th position in the food processing industry with increasing exports in grains, fresh produce, beverages, and dairy products. The sector’s ability to absorb excess labour from the agricultural sector is the driving force behind its importance. Similarly, the growth in sectors like telecom, consumer electronics, and IT has propelled the Indian electronics market, opening avenues for fresh graduates to kickstart their careers. It is now that candidates need to upskill themselves in line with the industry changes and strive to be more relevant to the evolving job demands. Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.

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Ford Predicts the 7 Trends of 2019: Ford has released its 7th Annual Trends Report, an analysis of worldwide consumer behavior based on interviews with more than 13, 000 people across 14 different countries. According to the company, these surveys don't just look at behavior toward automobiles, but rather the factors that drive behavioral changes. For example, Ford found that 87% of people think that technology is the biggest driver of change, and 79% believe that technology creates positive change — it doesn’t, however, cover the 21% of people that must think technology is a force for evil. About 70% of respondents believed that humans should have a mandatory break from devices, and nearly half (45%) of all respondents admitted that they envy people who can "disconnect." According to Ford, here are seven trends that will make an impact in 2019: 1. Tech Divide — As I said before, 87% of adults think that technology is the biggest driver of change. However, 46% of Gen Z respondents (that's the crop after millennials) fear that technology is trying to get in their heads. Speaking of millennials, nearly 70% (69%) would like to undo some of the behavioral changes they have experienced as a result of technology. Before you turn your nose up at the meddling kids, 53% of baby boomers felt the same way — that technology has changed them. 57% of millennials and 46% of Gen Xers think that artificial intelligence (AI) will be stronger than the human mind within 10 years. 44% of all women and 37% of all men surveyed admitted that they were afraid of AI, and even more people (48% of men, 39% of women) admitted that they don't really understand it. 2. Digital Detox — Just put down the phone. It sounds easy enough — and 45% of people are jealous of those who can actually do it — but 39% of Gen Z and millennials admitted that they were addicted to social media. A quarter of the same groups said that they would rather lose their ability to smell than give up their devices. 3. Reclaiming Control — In the past year, 84% of all adults have taken "small steps" to improve their lives, and all but 8% have stuck to their guns. Basically, researchers found that people want to and can improve as long as they don't bite off more than they can chew. 4. Many Faces of Me — Ford's study found that identity isn't set, but rather dependant on our circumstances and environment. More than 50% of millennials and Gen Z admitted that they were more outgoing on social media. Only 17% of boomers admitted the same. 84% of all adults said that people sugarcoat their lives on social media. A shocking 74% of Gen Z respondents think that people are fighting to stay relevant. 5: Life's Work — Ford's findings reaffirmed that the work-life balance for employees is changing. For example, more than 60% of all respondents think that companies should reward employees for using all of their vacation time. 77% think that companies don't do enough to accommodate working parents. 84% believe that diverse opinions lead to positive change. 6: Eco-Momentum — People are willing to make changes as long as they know that they would make a difference. About 56% of U.S. adults would change the way they eat if they thought it would help the planet, which is dead last when compared to the 13 other countries polled. The same is true when it comes to the number of people who consider the environmental costs of each purchase — again, the U.S. respondents came in dead last. 7: Easy Street — Finally, Ford wanted to know how technology is changing transportation. 67% of all people think technology makes the commute less stressful. 43% of people in the U.S. think that self-driving cars will be safer than humans driving cars.

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Automotive Components: Auto Parts Manufacturers in India. We are one of the top Indian automotive aftermarket and largest manufacturers of automotive components and auto parts in India. Automotive component manufacturers, auto parts manufacturers in india, automotive aftermarket, aluminium stamping parts manufacturers in india, aluminium sheet metal parts, stamping company in india, sheet metal components suppliers in india, custom parts india, pressed parts suppliers in india, auto parts suppliers in india, Daksh Tools - Automotive Component & Auto Parts Manufacturers in India.

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What To Do If You Lose A Key Customer: Customer retention can often mean the difference between your company thriving or dying. This makes the loss of major customers one of the greatest risk factors for manufacturing businesses. Your consistent goal should be to go to any lengths necessary to retain these keystone clients. However, over the course of even a vastly successful company’s lifespan, this kind of paradigm-shifting customer loss can — and will — occur. What do you do in the event of being dropped by a major client? More precisely, how do you rebound from this seemingly catastrophic event as quickly and efficiently as possible? Upsell Your Existing Customers The easiest customer to acquire is a customer you already have. In the event of a major client dropping your company, turn to your existing customer base. Your current customers probably aren’t utilizing your full range of offerings — they may not even be fully aware of all the services your company can offer. This is the perfect time to pitch them on any new options your company can provide that will bring them additional benefits. Consider offering them a package deal if they agree to bundle new products or services with the existing services they already receive. Put In The Effort After the loss of a premium client, every second counts. The extra hours you put in now will make all the difference. Reach out to existing and potential clients to inquire about their status and how you can be of service to them moving forward. Are you consistently top of mind for them? Step up your marketing efforts. Take a look at your industrial website; if it hasn't been refreshed in awhile, it could be preventing you from acquiring new customers. Utilize every available tool in the marketing toolkit — email marketing, PPC, SEO, and social media. Think about potential new audiences you can connect with that may be interested in your offerings. Have you tried diversifying your target industries or creatively approaching new applications for your services in your existing target industries? Learn From Your Mistakes Analyze the circumstances that led to your major client loss. Solicit feedback from that customer if possible, and ask them why they’ve chosen to move on from your company. Discern where you went wrong servicing that client in order to reduce the chance of the same problem occurring with your other clients. In these situations, it is also worth looking at how your company’s revenue is dispersed amongst your client roster. Having only a few key accounts covering most of your operating overhead can often be a recipe for disaster. For example, if you lost a client that accounts for 30% of your net revenue, try replacing them with two clients who each comprise 15% of that revenue. This minimizes the exposure of your company’s bottom line and allows you to recover more quickly when you lose a single client. Look For Quick Wins Given the long and complicated nature of the industrial buying cycle, connecting with new customers can take awhile. Unfortunately, time is a luxury you may not have after losing a key account. If you want to speed up this timeline — and fill up your sales pipeline — uncovering the buyers that are looking for your products and services can prove invaluable. Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.

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Steel Variants – And the Industries That Use Them: Steel is one of the oldest and most widely used commodities in existence. Its uses span from home appliances and furniture to industrial machinery. This incredible metal is an alloy of iron and carbon with a few other things – called impurities – thrown in. Steel is graded into multiple variants or types depending on the proportion in which the components are used and the potential use of the end product. According to the World Steel Association (WSA), there are more than 3000 variants of steel. There are Four Broad Categories of Steel: It is quite difficult to classify a metal such as steel because of the sheer number of criteria for classification. Some of these criteria include: Composition Product form Production technique Finishing technique DE oxidation Strength Heat treatment The American Iron and Steel Institute (AISI) therefore states four broad categories of steel. Each broad category has several sub and sub-sub categories. The four broad categories include: Carbon Steels Alloy Steels Stainless Steels Tool Steels Before we venture to explain these classifications, it is essential to understand that steel is primarily made from mined iron ore combined with carbon. Several other alloying materials are also used, but iron ore and carbon are the two main components. The composition is what differentiates the four main categories. Carbon steel Carbon steel is made only from iron and carbon with no other substances. This type of steel accounts for 90% of the world’s steel production. Some other metal or mineral – such as nickel, chromium or manganese – may be used for hardening. Carbon steel, therefore, has many variants depending on the proportion of other substances used in production. Sub-categories of carbon steel are differentiated on the amount of carbon and other alloying substances used in making the steel. It may also be differentiated on the finishing technique used, the shape of the end product or the uses that the product would be put to. Alloy steel Alloy steel is made up of iron ore mixed with various chemicals such as aluminium, copper, chromium, silicon, nickel, manganese and titanium. The proportion of chemicals varies depending on the desired properties, which in turn depends on where the steel would be used. These variations form the sub-classification of alloy steel. The four most commonly used varieties are: Grade 4140 – Chromium Molybdenum Steel Grade 4340 – Nickel-Chromium-Molybdenum Steel Grade 6150 – Chromium-Vanadium Steel Grade 8620 – HSLA-Nickel-Chromium-Molybdenum Steel Alloy steel is used for industrial purposes such as making pipes, auto-parts and electronic machinery. Stainless steel Stainless steel – named for its property of resisting corrosion, heat and stains – is made up of iron ore mixed with 11-20% chromium, which is the principal alloy, and some nickel. Chromium gives stainless steel its corrosion resistance, and, depending on the amount of chromium used, steel can be magnetic or non-magnetic. The three broad categories of stainless steel are: Austenitic Steel: Non-magnetic-heat-treatable steel which usually contains a high proportion of chromium and 5-10% nickel. This steel is what we see in our kitchen – it is what home appliances and utensils are made of. Ferritic Steel: Ferritic steel also contains a high amount of chromium – about 12-17% – and traces of nickel and carbon along with a few other alloys. While Austenitic steel is hardened by heat, Ferritic steel is hardened by cold-pressing. Cheaper than Austenitic steel, Ferritic steel finds application for industrial purposes. Martensitic Steel: This contains 11-17% chromium and traces of nickel as well as carbon. This type of steel is used for making knives and other cutting tools as well as in dental equipment. Tool steel As the name suggests, this is steel used to make tools. Tungsten is the primary alloy used in making tool steel. It is used in combination with molybdenum, cobalt and vanadium. Varying quantities of these substances are used to make steel more or less resistant depending on the purpose or use of the steel. Other Classifications of Steel Steel products are often classified based on their shape or use. Tubular steel, flat steel, coils and roll steel are some such classifications. Another classification is based on the finishing applied to the finished product – galvanised, coated, cold-rolled or hot-rolled, among others. Source: power2sme

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Display Shelves, Wooden Racks, Retail Display Stands: Supplier & Manufacturer of wooden racks, display shelves, retail display stands, and service provider of sheet metal fabrication.