CATEGORIES

Global Steel Demand To Grow 3.9% In 2019, 1.7% In 2020: WSA

Global steel demand will grow by 3.9 percent to 1,775 mt in 2019 and will grow by another 1.7 percent in 2020, reaching 1,805.7 mt.

Festivities Bring In Some Luck For Motown

With almost all festivities occurring during October, India’s car makers saw a hint of respite from sales downtrend that the motown was suffering for the last few months.

Core Sector September Output Contracts 5.2%, Steel Growth Moderates

Core industries shrank by 5.2 percent on year in September, pulled down by coal which de-grew by minus 20.5 percent while steel production fell to a nearly 4 year low of -0.3 percent against 5 percent growth in the previous month due to slowdown in demand from the end user industries owing to monsoons.

India's Met Coke Dilemma: Time To Review Anti-Dumping Duty?

The Government may withdraw anti-dumping duty on Low Ash Metallurgical Coke originating from Australia and China imposed in 2016 following a recent mid-term review.

China Launches Stainless Steel Futures Contract On Shanghai Exchange

Shanghai Futures exchange has just started trading Yuan-denominated stainless steel futures, the first of its kind in the world.

Seaborne Coking Coal Offers Slid In September

Seaborne coking coal offers slid in September 2019 amid muted demand from China and India, industry sources said. Overall sluggishness in the steel market worldwide also influenced coking coal demand.

Subdued Demand Continues In Sept For Motown

Car sales continue to slide down in September as all major carmakers registered degrowth in sales even as most automakers saw hints of recovery over August 2019 sales.

Raw Material Security In Steel: Proactive Steps Required

Today, it is estimated that the global steel industry uses about 2 billion tons of iron ore, 1 billion tons of metallurgical coal and 575 million tons of recycled steel to produce 1.7 billion tons of crude steel annually.

Domestic Steel Demand To Grow In 2nd Half Of FY20: Rating Agencies

Domestic steel demand and global market sentiment is likely to improve in the second half, but a weak first half is expected to lead to a 5-6 per cent contraction in realizations for steelmakers this fiscal, rating agency Crisil has said in its latest research report on the sector.

Seaborne Coking Coal Offers Slide In August

Seaborne coking coal offers staged a decline in August 2019 amid subdued demand from China and India and overall sluggishness in the steel market worldwide, industry sources said.

Rating Agencies Predict Bearish Steel Trends

Weaker demand and possible disruptions to iron ore supplies is likely to turn the current fiscal a challenging year for the country’s steel industry, Indian ratings has said.

SAIL Extends Disinvestment EoI Deadline For Better Response

The deadline for submission of initial bids for stake sale of SAIL’s three plants Visvesvaraya Iron and Steel Plant (VISP), Alloy Steels Plant (ASP) and Salem Steel Plant (SSP) has been extended further to September 10 to improve chances of their disinvestments.

Increasing Share Of Institutional Investments In Indian Real Estate: CII-JLL Study

Institutional investments increased in the last ten years and have improved investor confidence, risk appetite and transparency.

Tata Steel Cuts Capex Plans For FY20

Tata Steel plans to recalibrate its capex plans for FY20 owing to the severe demand slowdown in both domestic and international markets, T V Narendran, MD & CEO, Tata Steel said.

India Crude Steel Production Up 1.7% In July

India’s crude steel production stood at 9.215 million tons (mt) in July 2019, up by 1.7 percent over July 2018 and was down by 1.3 percent over June 2019, provisional steel ministry data showed.

Traffic Handled By Major Ports Up 2% Till July

The 12 major Indian ports handled 236.18 million tons (mt) of total traffic during April-July 2019, about 2 percent higher than 231.54 mt recorded for April- July, 2018, according to data released by the Indian Ports Association (IPA).

Nippon Steel Cuts Capex Spending, Forecast As US-China Trade War Hurts Demand

Nippon Steel Corp has downsized its planned capex for the period between 2019-2021 to the extent of 10-20 percent following weak steel demand in the backdrop of continued China-US trade war which has impacted profits.

Iron Ore Prices Plunge To Hurt Exports From India

With global iron ore prices entering the bearish zone, Indian exports may be impacted.

ArcelorMittal Plans Asset Sale, Production Cuts To Tide Over Crisis

EBITDA for first half drops 42.6%

Aichi To Invest In Vardhman Group For Auto Grade Steel

Aichi Steel Corp of Japan an affiliate of Japan’s Toyota Motor Corporation has decided to guy approximately 11.4 percent stake in Vardhman Special Steels and provide technical assistance aiming to establish a world class special steel company in India.

Met Coke Demand Set To Rise On Expanding Steel Capacity

Demand for low ash metallurgical (LAM) coke, an important input material for steel-making, is set to rise as steel mills in India plan to enhance capacity to meet demand in the near to long term, according to industry sources.

Steel Industry Needs Tech-Tonic Shift To Touch Optimum Efficiency

Steelmaking is a primal industry that requires huge amounts of heat and energy. As such, it isn’t the first sector that springs to mind when it comes to energy efficiency and sustainability.

Electric Vehicles Adoption To Drive Copper Demand: HCL Head

Greater trust by the government on popularising Electric Vehicles through incentives and evolving regulatory measures would boost demand for copper, chairman cum managing director of Hindustan Copper Santosh Sharma said at the annual general meeting of the company.

MSME Steel Sector Likely To Drive India's Future Growth

As India moves towards the targeted 300 million tons (mt) of steel production by 2030, in accordance with the government’s blueprint, a question arises as to how this target will be achieved. The country has been traditionally dependent on the large integrated production route of the blast furnace (BF) and basic oxygen furnace (BOF), the secondary sector having been characteristically relegated to the backyard, neglected in terms of policy and funding push.

Globally Allied Indian Ferro Alloys Industry Well Integrated With World Market

After protracted stagnation, prices in the global steel and raw material markets are showing an uptrend. The ferro alloys industry, a major contributor to the steel-making process, has been behaving in tandem.

National Steel Policy: Will It Be Able to Meet Expectations?

The government has come up with a new National Steel Policy, 2017 that envisages increasing the capacity of this commodity in the country by more than 2-fold from 122 million tons per annum (mtpa) to 300 mtpa, by 2030. This kind of capacity expansion will require investment to the tune of ₹10 lakh crore.

Refractory Sector Must Focus On Indigenous Raw Material R&D: IRMA

The Indian refractory industry can grow if the steel industry grows. For every ton of crude steel manufactured, around 11 kg of refractory is required. In the government’s 300 million tons of crude steel production plan by 2030, Indian refractory makers must be allowed to participate. If Chinese refractory makers take away a sizeable share, then it will pose a problem. Also, the stress should now be on developing R&D for indigenous raw materials. Working toward this end, the Indian Refractory Makers Association (IRMA) has just signed a MoU with IIT-BHU, Varanasi for developing a refractory centre of excellence, Anirbandip Dasgupta, Senior Executive Officer, IRMA

Moderate But Continued Growth Expected For Global Steel Demand: WSA

The World Steel Association (worldsteel) has forecasted that global steel demand will reach 1,622.1 mt in 2017. 

Railways Lender An Opportunity For Steel Mills

Indian Railways has floated a global tender to procure rails and the state-run freight and passenger carrier is seeking to buy 700,000 tons of rails for track upgrades, Railway Minister Piyush Goyal said.

Kolkata Port Trust Plans 3 Terminals At Haldia

The Kolkata Port Trust (KoPT) plans to augment capacity at Haldia port by adding three new terminals at an estimated cost of ₹800 crore.