The world of steel: opportunities in the worst of times

There is a panic around steel and mostly to do with the prevailing pricing conditions. There are worries about the immediate demand situation. There are questions on the long-term growth potential of the industry.

Steel prices will not get back to the levels they reached sometime ago. This, however, does not mean that the industry has no future. Many times in the past, steel has been written off as a sunset industry with no future for it. Each time these pronouncements gained ground, the industry has hit back with strong growth and sublime profits.

The problem with the industry is that while panic grips it very quickly, the optimism and ambitions run faster at the first sign of a recovery. As the industry moves into the higher profitability zone and the coffers of the producers rise to respectable levels, the banks feel more comfortable to lend.

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Going On Strong Testing

Outsourcing in the Indian IT sector might be on the down slide due to the global financial crisis and recession in the world economy, but the software testing industry and outsourcing in it is growing rapidly. The incessant pressure on increasing the performance of various software is ensuring that the software testing market is getting bigger. The business potential in this industry is also at an all time high.

Typically under software testing, an investigation is done to check the execution and capability of the software programmes for evaluating its performance. “The business potential in software testing area continues to grow, considering the growing complexity of software products and increasing expectations from the end-users demanding the best quality product, along with the increasing number of options available to them,” says Manish Rathi, head, delivery management (Version1.0/ New Venture Services), GlobalLogic Inc.

Software testing, according to Rathi, inherently remains complex and human intensive and software products now require strong domain experience. This has increased opportunities for businesses, which bring in new value propositions in software testing in terms of the processes, technology and business models.

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http://epaper.financialexpress.com/FE/FE/2008/11/03/index.shtml