Steel Insights Magazine - May 2020

In this issue

Steeling up to a new normal
High costs, low demand to haunt steel makers post lockwdown.

Also read:
• Industry views: How steel sector is coping with corona
• Indian Steel Association revises steel demand forecast
• Study sees up to 70% drop in realty deals in key markets
• Will need for personal mobility drive post-lockdown auto demand?
• Fortescue sees strong demand from China rebound

Read Steel Insights May 2020 issue and get a complete insight into the Indian steel value chain...!

STEELING UP TO A NEW NORMAL

High costs, low demand to haunt steel makers

10+ mins

How Steel Sector Is Coping With Corona: Industry Views

To stop the pandemic on its vicious path, the nation has been put under extended lockdown. While steel industry has been barely able to function under such a constraints, absence of workers or logistical support are creating roadblock. In this issue we continue to seek important insights from the key players in this sector on how they are bravely facing up to the challenge.

5 mins

India pig iron production down 37% y-o-y in March

India’s March pig iron production stood at 359,000 tons, down 37 percent year on year and down 15.20 percent month on month, provisional steel ministry data showed. In the April-March period of 2019-20, pig iron production stood at 5.507 million tons down by 14.10as against 6.414 million tons produced in AprilMarch 2018-09, steel ministry data showed.

1 min

“Refractory industry is fragmented and we see scope for consolidation.”

Dalmia-OCL, the refractory business of Dalmia Bharat Group, offers end-to-end refractory products and solutions to customers in more than 40 countries. A leading player in several mission-critical refractory product categories for steel and cement sector with 7 manufacturing plants (5 in India, 1 in Germany and 1 in China), the company has recently been investing in technologies and capacities to serve the increasing need from high-quality steel makers. Sameer Nagpal, CEO, Dalmia OCL, spoke to Steel Insights on the current challenges and opportunities being faced by the sector

6 mins

Indian Steel Association revises steel demand forecast

The Indian Steel Association (ISA) has significantly revised downwards India’s steel demand forecast for 2020.

3 mins

Study sees up to 70% drop in realty deals in key markets

Steep rise in enquiries despite softening of sales

5 mins

ArcelorMittal to cut Q2 costs by 30% to stay afloat

Sees shipment at 14.5 million tons

3 mins

Traffic handled by major ports up 1% in FY20

Movement of iron ore through the major ports showed an increase of 35.17 percent during FY20. The major ports together handled 54.996 mt of iron ore during FY20, compared to 40.687 mt handled in the same period of previous fiscal.

1 min

JSW achieves crude steel of 5.63 lakh tons in April

JSW Steel Limited has reported crude steel production of 5.63 lakh tons for April, clocking an average capacity utilisation of 38 percent for the month.

6 mins

FLSmidth BulkExpertTM Advanced automation for unmanned operation of Stockyard, Port Terminal

Need for efficient stockyard operations and control on raw material quality have increased drastically over the years. The use of advanced automation has become a key success factor in order to establish an efficient, high-quality, stable and competitive raw material supply chain.

2 mins

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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