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India Offers Golden Opportunities For Global Investors: Gadkari

India offers “golden opportunities” for global investors in sectors such as infrastructure, transport, agriculture and food processing, Union Shipping minister Nitin Gadkari said.

Tata Metaliks Net Zooms 54%

Pig iron and ductile iron water pipe maker Tata Metaliks Limited (TML) has reported a 54 percent year-on-year increase in quarterly net profit, helped by higher sales and lower input cost.

Traffic Handled By Major Ports Up 5% In April-August

The 12 major Indian ports handled 288.38 million tons (mt) of total traffic during April-August, 2018, about 5.13 percent higher than 274.32 mt recorded during the corresponding period of the previous fiscal, according to data released by the Indian Ports Association (IPA).

Centre Assures Support To Ferro Alloys Industry

The government has assured domestic ferro alloy producers of taking steps to address their concerns of unavailability of raw materials and high prices of power, industry sources said.

India's iron ore output to increase in FY19

Domestic iron ore production is projected to grow by five percent in 2018-19, helped by a stable demand for steel from the infrastructure and automobile industries, industry sources said.

Care Cuts FY20 Steel Production Growth Estimate By Half

Rating agency CARE has cut its steel industry production target set in February by half, from a range of 6-8 percent to 3-4 percent.

India April Crude Output Up 1.5% Y-O-Y, Down 6.7% M-O-M

India’s April crude steel production was 8.785 million tons (mt), a growth of 1.5 percent over same period of last year and a decline of 6.7 percent over March 2019, provisional steel ministry data showed.

Sail Keen On JV For Auto Grade Steel

State-run Steel Authority of India Limited (SAIL) is in talks with Japanese and Korean steel-makers for a possible joint venture to manufacture auto-grade steel.

Tata Steel Plans To Expand Kalinganagar Capacity To 8 MTPA

Tata Steel is in the midst of finalizing plans for the second phase of expansion of its Kalinganagar plant to take the capacity to 8 mtpa from 3 mtpa currently, T V Narendran, Managing Director, Tata Steel, told Steel Insights.

Traffic Handled By Major Ports Up 4% In April-July

The 12 major Indian ports handled 221.95 million tons (mt) of total traffic during April-July, 2017, about 4.13 percent higher than 213.15 mt recorded during April-July, 2016, according to data released by the Indian Ports Association (IPA).

ASSOCHAM seeks regulatory authority to fix road freight for steel sector

In a bid to boost the country’s steel sector,industry body ASSOCHAM has urged the government to set up a regulatory authority to fix road freight rates.

Manganese ore prices on upward spiral

MOIL has revised prices of various grades of manganese ore with effect from November 1, 2016.

Concast (India) to supply continuous billet caster to Orissa Metaliks in India

Concast (India) Ltd., a Primetals Technologies Group Company, has received an order from Indian steel producer Orissa Metaliks Private Limited (Orissa Metaliks) to supply a three-strand continuous billet caster for the company´s production site near Kharagpur, West Bengal.

Kandla to cross 150 mt of cargo by 2025 Present coastal berth aims to handle iron ore, steel automobiles

Kandla Port is one of the few government-owned ports that earn a healthy profit. When it comes to handling maximum cargo, Kandla stands second only to private sector Mundra Port. Kandla was the second port after Mundra to cross the 100 million tons cargo handling mark, but beat Mundra hands down in terms of efficiency gains last year. However, the port authorities are not ready to rest on their laurels. The Kandla Port management, in fact, has chalked out a detailed roadmap for its future expansion, Ravi M Parmar, Chairman, Kandla Port, tells Kingshuk Banerjee, in an exclusive interview.

Coking Coal Offers Lose Steam in January

Seaborne metallurgical coal, the best performing major commodity of 2016, has made a weak start to the New Year as Chinese mines have responded to pressure from Beijing to increase output.

Vale's Iron Ore Output At 82 Mt In Q1

Vale achieved an iron ore production volume of 82 million tons (mt) in Q1 of 2018, mainly due to the company’s decision to progressively reduce lower grade ore production from the southern and south eastern systems, which resulted in a 4.9 percent reduction when compared to Q1 of 2017.

Coking Coal Offers Ease In April

The seaborne coking coal prices staged a decline in April 2018, as early concerns over a tropical cyclone at Queensland eased without creating any major disruption and demand remained low in the key markets, trading sources said.

Steel Firms Expect To Report Strong Q4

Indian steel firms are expected to report strong Q4 results, led by stronger domestic steel prices.

Demand Distress Hits Car Sales In June

Demand distress seems to be plaguing car sales for the third consecutive month of the current fiscal. Owing to weak consumer sentiments across all segments in June 2019 both in the urban and rural regions most leading car makers saw dip in year-on-year sales figures. In fact, inventory pile up owing to the dearth in demand has forced OEMs to schedule plant shutdowns and production cuts in May and June.

Mining Sector @75: The Way Ahead For Iron Ore Mining And Steel Industry

On August 15 of 2022, independent India will turn 75. India is on the cusp of a major transformation. India’s youthful and aspiring population deserves double-digit economic growth, jobs and prosperity to all.

Demand For Logistics, Warehousing Space Outstrips Supply

Structural reforms including the awarding of infrastructure status and the implementation of Goods and Services Act, have bolstered the demand for logistics and warehousing space in the country.

Steel Ministry Comes Up With Draft Steel Scrap Policy

The government has come out with draft steel scrap policy, which is aimed at curtailing import dependency and make India self-sufficient by producing high-quality ferrous scrap.

India To Turn Net Steel Exporter In Two Years: Care Ratings

Over the past decade, domestic steel industry has grown at CAGR of 7 percent against global average of 3 percent with China growing by 6 percent.

Next Round Of Assets Sale Could See Lower Recovery Rates: CRISIL

Stressed steel assets: Less bang for buck ahead

Tata Steel inaugurates ferrochrome plant in Gopalpur

Odisha Chief Minister Naveen Patnaik, on November 30, inaugurated the 55,000-tons per annum (tpa) ferro-chrome plant set up by Tata Steel in the company’s Gopalpur Industrial Park in the Ganjam district of Odisha at a cost of ₹542 crore.

Beneficiation To Benefit Iron Ore

India’s iron ore production is expected to touch 218-220 mt in 2018-19. Odisha is expected to contribute 110-120 mt in this prospective kitty, while Karnataka is likely to contribute 34-35 mt tons of ore production. The balance is expected to come from Chhattisgarh, Jharkhand and the captive miners 

Techno-Feasibility Report for Tajpur Port Expected in 3-4 Months

Kolkata Port Trust (KoPT), the first major and only riverine port in the country, has fixed a tonnage target of 65 mt, in which the share of iron ore, finished steel products and coal would be around 30-35 mt, and a 10 percent growth in revenues for the current fiscal after registering a 13 percent tonnage growth in the last fiscal. The port is further poised to serve the entire trade hinterland of the eastern and north-eastern part of the country through an additional capacity in the form of the Tajpur Port, the consultancy work for which has already started rolling. Madhumita Mookerji and Tamajit Pain caught up with Vinit Kumar, the Chairman of KoPT, who says, the very fact that the port is registering 13 percent tonnage growth is proof enough that industrial growth in this region merits another port and that Kolkata Dock System (KDS) and Haldia Dock Complex (HDC) will not really be impacted. Excerpts from an interview:

First Phase of Eastern DFC Unlikely in 2018

Delhi NCR a Hot Favourite of Chinese Global Cos

Could Davos Show Glimmer Of Hope?

Could Davos Show Glimmer Of Hope?

JSW Steel Q3 Profit More Than Doubles To `1,774 Crore

JSW Steel Q3 Profit More Than Doubles To `1,774 Crore