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SAIL's Bhilai plant blows in new BF

SAIL’s Bhilai plant blows in new BF

Traffic Handled By Major Ports Up 3.6% In Apr-Dec

Traffic Handled By Major Ports Up 3.6% In Apr-Dec

SME Long Product Makers To Play Key Role By FY31

As the share of the SMEs is predominant in long products, it is expected that they will be able to enhance their capacity utilization by a significant extent. In wire rods, there will be increasing demand for the high carbon variety. The demand for electrode quality, tyre bead quality and cold heading quality would also be substantial. It is expected that the quantity of imports in these varieties would come down due to higher availability from the domestic sources. The scenario for long products would be influenced by the trend towards special grade wire rods for industrial use, rebars with higher Fe content, structurals with light-gauge high-performance properties and rails with head hardening properties and stainless steel rebars. However, the major challenge being faced by the SMEs pertaining to long products is the conformation to the Mandatory Quality Control Order issued by the Ministry of Steel, Sushim Banerjee, Director General, Institute for Steel Development & Growth (INSDAG)

‘Long Products Likely To Grow Over 10% In 7 Years'

The share of long products is slated to touch 150 million tons (mt) in the 300-mt target set by the government by 2030 from the present 46 mt. However, while there are enablers like the government’s emphasis on infrastructure development, the key challenges include obsolete technology, high pollution rates and tax evasion in the secondary sector, Vijay Kumar Chama, Executive Vice-President (S&M), Jindal Steel & Power Limited, tells Madhumita Mookerji. Excerpts from an interview:

Coking Coal Offers Surge In December

Seaborne coking coal prices moved up by around $50 per ton FOB Australia in December as buyers faced difficulties in securing loading slots in Queensland for contract cargoes for restocking, industry sources said.

NMDC, Odisha Miners Increase Offers

Iron ore price offers remained firm in Odisha as some miners like Rungta Mines and KJS Ahluwalia increased offers in January tracking the firm sponge iron and steel prices, industry sources said.

Year Ends On A High For Motown

Country’s autovilla has ended 2017 with a positive note as sales moved north during December 2017.

JSPL Completes 250 Ton Basic Oxygen Furnace At Angul

Jindal Steel and Power Ltd (JSPL) has successfully completed a 250 tons Basic Oxygen Furnace (BOF) marking the completion of its six million tons per annum (mtpa) integrated steel project at Angul in Odisha.

Steel Demand Growth Facing Cyclical Upturn

Steel is an important metal used across the globe. Steel is mainly consumed in larger quantities by end-users such as the infrastructure and construction sectors. The production process of steel is energy-intensive.

Traffic Handled By Major Ports Up 3% In Apr-Nov, 2017

The 12 major Indian ports handled 439.66 million tons (mt) of total traffic during April-November period of 2017, about 3.46 percent higher than 424.95 mt recorded during April-November, 2016, according to data released by the Indian Ports Association (IPA).

Motown Ends FY19 With A Smile

It has been an eventful year for the auto sector owing to various factors like poor festive sales, high insurance cost, liquidity crunch and increased fuel prices.

Construction Ahead!

Traction in select infrastructure segments to keep steel consumption buoyant

India's June Crude Steel Output Up 7.4%

India’s June Crude Steel Output Up 7.4%

Coking Coal Offers Ease In July On Low Demand

The seaborne coking coal market eased in July 2018 on low demand from China, according to market sources.

India Would Be Largest Growth Market For Coal By 2040: Report

Asia would be playing the key role in enhancing global energy demand by making it increase around a third by 2040, driven by improvement in living standards, led by India and China.

‘Accident Stats Must Be Compiled On Uniform Definition Basis'

The mining industry in general is a hazardous one and all manufacturing plants, including a steel plant, come with their own hazards.

India Importing Maximum Steel From Korea

Majority of steel imports into India are coming from Korea with volumes from the country pegged around 2.19 million tons (mt) in the April-December period of 2018-19 as against 2 million tons in the same period last year, according to provisional steel ministry data.

Transit Hubs On Stainless Steel Radar

Eyeing a growth rate of around 10 percent per annum, the Indian Stainless Steel Development Association (ISSDA), the apex body representing the stainless steel industry in India, is advocating the adoption of global infrastructural standards by using stainless steel for transit hubs.

Safety Latch

What does steel sector need to do to decrease hazard risks?

'Indian Mills Should Adopt JSM Strategy Of Joint Coal Procurement'

Coking coal as an input material for steel gains prominence as the majority of steel produced in India is done through the blast furnace route. However, the country is not endowed with this premium coal to the extent required.

India Iron Ore Production Expected Around 208-210 Mt In Fy19

India’s iron ore production in FY19 was around 208-210 million tons, according to preliminary estimates. However, imports surged 157 percent between April and December, at 11-million tons, as per the latest inward shipment data.

JSL Lifestyle Bets Big On Stainless Steel Home Decor Segment

Stainless steel lifestyle segment, which is pegged around 800 crore, is braced for a bright future in India.

Traffic Handled By Major Ports Up 3% In Fy19

The 12 major Indian ports handled 699.048 million tons (mt) of total traffic during 2018-19, about 2.9 percent higher than 679.371 mt recorded for 2017-18, according to data released by the Indian Ports Association (IPA).

Coking Coal Offers Move Up In June

In line with the trend witnessed in May, seaborne coking coal prices moved up in June 2018, mainly on supply concerns for the near term, market sources said.

KIOCL Expects To Cross ₹1,800-Cr Topline In Fy19

KIOCL (formerly known as Kudremukh Iron Ore Company Limited) has come a long way since the closure of its Kudremukh mine by an order of the Supreme Court in 2005.

Indian Steel: Waiting For Industry 4.0

The modern steel industry, like any other under a capitalist production regime, needless to say, is heavily dependent on technology and innovation as a major driver, especially at this day and age when the turnaround time is faster than ever before.

Jindal Stainless Aims To Ride Railways' Wagon Requirements

In line with the Centres vision to mandate use of stainless steel in coaches/wagons by 2020, Jindal Stainless aims to double its supplies and expects to meet almost 80 percent of the stainless steel requirement of Indian Railways (IR).

Pellet Offers Jump To Record High, Exporters Gain

Prices of iron ore pellets jumped to their highest level in three years in August, benefiting exporters of the key steelmaking raw material.

Coking Coal Offers Gain In August On China Demand

After a steady decline in July, the seaborne coking coal market registered gains in August 2018 on demand from China and India, according to market sources.

Miners Raise Iron Ore Prices

State-run miner NMDC has increased the prices for lump ore and iron ore fines by 150 a ton with effect from August 22.