Steel Insights Magazine - November 2017

In this issue

Refracted growth
China’s environmental clampdown is threatening to disrupt raw material supplies to Indian refractory manufacturers.

Also read:
• Cover interview: Refractory sector must focus on indigenous raw material R&D: IRMA
• Cover interview: Calderys India may go south, east in the mid-term
• Feature: Pellet makers seek total ban on high grade iron ore exports
• Interview: Waste-to-wealth is Hind Copper's new biz mantra

Plus regular features, corporate, logistics and other news & analyses.

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

4 mins

Calderys India May Go South, East In The Mid-Term

Calderys India, a leader in monolithic refractories, serves industries ranging from iron and steel, cement and power to petrochemicals. However, with its main focus being on the steel industry, the latest developments plaguing the latter as well as the current macro-economic parameters are having a rub-off effect on the company too. However, Calderys India, looking into the future, is eyeing newer export geographies like Pakistan and putting more stress on the domestic cement industry where it already commands 40 percent share in monolithics, apart from upgrading its current facilities to bring in better energy efficiency and cost optimisation, Hakimuddin Ali, Chairman, Imerys India and Managing Director, Calderys BU India & Middle East, informs Madhumita Mookerji. Excerpts from an interview:

4 mins

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. 

5 mins

Coking Coal Offers Ease In October, May Remain Soft This Winter

Seaborne coking coal prices showed a decline in October 2017, mainly due to low procurement by China and India, amid expectations that prices may ease further in the winter months, industry sources said.

3 mins

Pellet Makers Seek Total Ban On High Grade Iron Ore Exports

Concerned over rising trend in iron ore exports, pellet manufacturers have called for a total ban on exports of high grade iron ore fines from the country in the interest of the local steel industry.

2 mins

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.

2 mins

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.

2 mins

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.

2 mins

Major Ports' Iron Ore Handling Up 23.5% In Apr-Sept

The 12 major Indian ports handled 326.38 million tons (mt) of total traffic during April-September, 2017, about 3.23 percent higher than 316.14 mt recorded during April-September, 2016, according to data released by the Indian Ports Association (IPA).

1 min

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.

3 mins

Read all stories from Steel Insights

Steel Insights Magazine Description:

Steel Insights is India's premier and widely read monthly magazine on steel and metallurgical industry published by mjunction services ltd (A JV of Tata Steel and SAIL).It delves into the various facets of the domestic and global steel industry, such as market fundamentals, raw material price trends, price forecasts, upcoming projects, corporate updates and international trade and logistics issues.It also includes an incisive analysis of news on steel and allied industries, as well as expert opinions on relevant topics and interviews of industry stalwarts on a regular basis.

Also includes daily news headlines & daily newsletter on Steel Industry