Delhi NCR a Hot Favourite of Chinese Global Cos
Steel Insights Bureau
The first phase of Eastern Dedicated Freight Corridor (EDFC), which is scheduled to be completed by August 2018, may not come up during the current calendar year, Indian Railway sources said.
“It is unlikely. I don’t think the first phase of Eastern Dedicated Freight Corridor will be completed by 2018,” a senior Railways official said.
The first phase of the 1,856 km Eastern DFC will run through 6 states to speed up goods traffic and ease the burden on existing tracks between Howrah and New Delhi. It is learnt that in order to speed up the construction, Railways is using the New Track Construction machines which can lay around 1.5 km railway tracks in a day.
Toll policy may take a toll on road revenues
The possible switch to pay-as-you-use toll policy from the current open/flat rate tolling system, announced in the FY19 Union Budget, could reduce revenue potential for roads and bring a paradigm shift in the way of operations, says India Rating and Research (Ind-Ra). However, this policy is favourable for passenger car units as the traveller would pay only for the distance travelled. This move could also aid in arresting traffic leakages in some routes to a certain extent, provided the economics favour the usage of the stretch.
Diese Geschichte stammt aus der June 2018-Ausgabe von Steel Insights.
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Diese Geschichte stammt aus der June 2018-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.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
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
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
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.
Shrinking China output to boost India exports
“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.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.