India’s crude steel production stood at 9.85 million tons (mt) in August 2021, up 8.2 percent over August 2020 and by 0.8 percent over July 2021, provisional steel ministry data showed.
With 81 percent share, the private sector (38.522 mt, up by 33 percent) led crude steel production compared to the 19 percent contribution of the PSUs.
Hot metal production stood at 6.579 mt in August 2021, up by 9.7 percent over August 2020 but was down by 0.9 percent from July 2021. With 69 percent share, the private sector (22.194 mt, up by 25.4 percent) led hot metal production, compared to the 31 percent contribution of the PSUs.
Diese Geschichte stammt aus der October 2021-Ausgabe von Steel Insights.
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Diese Geschichte stammt aus der October 2021-Ausgabe von Steel Insights.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
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Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
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The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
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“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
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