CATEGORIES

Domestic iron ore supply to shrink in a year's time

Beyond the current supply crunch of iron ore in global market, domestic supply situation is likely to shrink significantly in a year’s time.

Bumpy Ride For Motown Continues

After starting off the new fiscal (2019-20) on a very low note, leading automakers posted degrowth in sales in May 2019 as well, owing to sluggish demand due to high finance cost and liquidity constraints.

Collaborative Research Required Between Coal, Power & Steel Sectors

Coal is a commodity which drives an economy and the steel industry is a little worried that if the first preference of supply of coal, especially coking coal, should go to the power sector, and not the steel industry.

Katowice Summit To Hammer Out Rule Book To 2015 Paris Agreement

This year’s United Nations Climate Conference could be a landmark one for the global coal industry as well.

Indian Coking Coal Demand To Rise, Says ISA

India’s met coal demand is estimated to increase to meet the needs of a fast-growing steel sector.

EPIROC Expects BH Drills Market To Recover In 2019

The mining equipment market had seen a sharp drop of around 50 percent in 2017, because of factors like the GST and very low amount of tenders from the PSUs. However, 2018 seems to be a better year and looks like it can recover the losses in demand suffered in the previous calendar. Consequently, Animesh Nandy, Business Line Manager, Drilling Solutions, Epiroc Mining India Ltd, tells Madhumita Mookerji that the company is bullish on India and is looking to invest a sizeable amount in the next 2 years in India apart from the investments already injected in their Hyderabad and Nashik facilities in 2017. Epiroc Mining India Limited manufactures blasthole drills, hydraulic drills, pneumatic drills, waterwell drilling rigs, underground trucks, ventilation fans and other equipment that find applications in various mineral and metal mines. Excerpts from an interview:

Service Offerings May Contribute 95% Of Voltas' Revenues

Voltas Limited’s Mining & Construction Equipment Division, which changed its business model about a year back, is today offering total service solutions for the entire mining fleet of select customers. Going forward, the company will concentrate on the products it is a dealer for, like the Terex power screens and LeeBoy graders as well as the Belaz heavy duty mining trucks, being its service dealer. Voltas India focuses primarily on the coal and iron ore mining sectors and is targeting a topline of `300 crore in 2 years’ time. Moreover, with the Odisha state government set to re-auction mines in 2020, Sharad Thussu, Vice- President, Voltas Limited, Mining & Construction Equipment Division, tells Madhumita Mookerji, there will be huge demand for equipment for iron ore mining, post-2020. However, he adds, the push from the iron ore mining space will come only from Odisha with moderate growth expected from other iron ore-rich areas like Bellary (in Karnataka) and Goa. Excerpts from an interview:

India Must Address Structural Issues To Reach 300 Mt: Jspl Chief

To reach the target of 300 million tons (mt) of steel production by 2030, India needs to address some structural issues like logistics and raw material availability, N A Ansari, CEO, Steel, Jindal Steel & Power (JSPL), said while making a presentation at the Indian Steel Association (ISA) conclave, held recently in New Delhi.

Infrastructure, Housing And EVs Key Focus Of Union Budget

With an aim to become a $5-trillion economy in the next few years, the Union Budget 2019-20 has stressed upon the need for heavy investment in infrastructure, housing, digital economy and job creation in small and medium firms.

Indian Iron Ore Imports Shoot Up 80% In Fy19, Exports Plunge By Almost Half

The country’s= iron ore imports are steadily closing in on exports, trends in the past three years show.

The ‘Long' Way Forward

Finished steel production and consumption is divided into two broad categories - long and flat products. In addition to these two prime segments, finished steel output and consumption also includes alloy steel. Among these product segments, long steel products accounts for the largest share in country’s total finished steel production.

India On Liugong's Radar As Export Hub For Excavators

Guangxi LiuGong Machinery Co Ltd is a Chinese multinational construction machinery manufacturing company headquartered in Liuzhou, China. It is the world’s 10th-largest construction equipment manufacturer by market share and the world’s largest manufacturer of wheel loaders. The company, which is present in India mainly through its wheel loaders, excavators, motor graders, and dozers, is now looking to expand the scope of its excavators and, at present, is pushing the product through its existing customer base, Nischal Mehrotra, Director, Sales & Marketing, LiuGong India.

KOPT In Capacity Augmentation Mode

To explore further capacity addition and in the words of Kolkata Port Trust (KoPT) Chairman Vinit Kumar, to “become futuristic”, an external consultancy has been engaged in increasing the capacity of both Kolkata Dock Systems (KDS) and Haldia Dock Complex (HDC) to 90 mt in the near future from around 65 mt at present.

Seaborne Coking Coal Offers Marginally Ease In March

Seaborne coking coal offers eased marginally in March 2019 amid thin trading in the key markets of China and India, industry sources said.

India Narrowing Gap With World Leader China On Steel Sector Jobs: Study

India ranks next only to China to profit from jobs supported or facilitated by the steel industry.

Seaborne Coking Coal Offers Remain Range-Bound In May

Seaborne coking coal offers moved in a narrow range in May 2019 amid uncertainties in demand for premium material from China and some bookings from India, industry sources said.

Firm Iron Ore Prices Raise Hopes Of Export Revival

The rise of international iron ore prices to over $105 per ton, the highest in five years, has kindled hopes of revival in exports of lower grade iron ore from India, industry sources said.

Traffic Handled By Major Ports Up 5.6% In April

The 12 major Indian ports handled 60.074 million tons (mt) of total traffic during April 2019, about 5.65 percent higher than 56.860 mt recorded for April 2018, according to data released by the Indian Ports Association (IPA).

Needed: A Steely Resolve

The new National Democratic Alliance government is faced with some unique challenges emanating from the economy, the steel sector included.

Electrosteel Steel Eyes 10 Million Tons Capacity

Electrosteel Steel, now owned by the Vedanta Group, is raising its capacity to 1.7 million tons (mt) by March from 1.5 mt now through debottlenecking process, company’s deputy chief executive officer Pankaj Malhan said.

Steel Must Enter High-End Segments As Import Substitution

India has been lagging behind advanced countries, including China, in developing appropriate technologies for steel-making and raw materials processing due to very low expenditure on R&D activities.

Aluminothermy Is Better For Making Medium, Low Carbon & Noble Alloys

The mammoth hike in steel metallurgy has perhaps been the greatest factor in contributing towards the rapid strides our civilisation has taken in the last century.

Sponge Iron July Production Up Marginally

Gross sponge iron production in July 2018 increased 1.8 percent to 2.51 million tons (mt) as against 2.46 mt in the same period last year, according to provisional data from the Joint Plant Committee of the steel ministry.

National Recycling Policy May Be Unveiled Shortly

NITI Aayog, MRAI jointly host meet to highlight recommendationsthat need to be incorporated in proposed policy paper