CATEGORIES

Transit Hubs On Stainless Steel Radar

Eyeing a growth rate of around 10 percent per annum, the Indian Stainless Steel Development Association (ISSDA), the apex body representing the stainless steel industry in India, is advocating the adoption of global infrastructural standards by using stainless steel for transit hubs.

Safety Latch

What does steel sector need to do to decrease hazard risks?

'Indian Mills Should Adopt JSM Strategy Of Joint Coal Procurement'

Coking coal as an input material for steel gains prominence as the majority of steel produced in India is done through the blast furnace route. However, the country is not endowed with this premium coal to the extent required.

India Iron Ore Production Expected Around 208-210 Mt In Fy19

India’s iron ore production in FY19 was around 208-210 million tons, according to preliminary estimates. However, imports surged 157 percent between April and December, at 11-million tons, as per the latest inward shipment data.

JSL Lifestyle Bets Big On Stainless Steel Home Decor Segment

Stainless steel lifestyle segment, which is pegged around 800 crore, is braced for a bright future in India.

Traffic Handled By Major Ports Up 3% In Fy19

The 12 major Indian ports handled 699.048 million tons (mt) of total traffic during 2018-19, about 2.9 percent higher than 679.371 mt recorded for 2017-18, according to data released by the Indian Ports Association (IPA).

Electric Vehicles Adoption To Drive Copper Demand: HCL Head

Greater trust by the government on popularising Electric Vehicles through incentives and evolving regulatory measures would boost demand for copper, chairman cum managing director of Hindustan Copper Santosh Sharma said at the annual general meeting of the company.

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.

TRL Krosaki Eyeing 7-10% Topline Growth In Current Fiscal

Established in 1958, TRL Krosaki Refractories Limited (formerly Tata Refractories Limited) has pioneered refractory production in India. Today, this Integrated Management Systems (IMS) certified company is a leading player in the country with a wide range of products like basic, dolomite, high alumina, monolithic, silica, flow control and tap hole clay refractories. Its key customers are the steel, cement, glass, copper and aluminium industries. Having always been at the vanguard of cutting-edge technology, the company is now looking at bringing in new refractory technologies from Krosaki Harima for improving the efficiency of the steel casting area. The company is also looking at the copper and aluminum markets to boost growth, Priyabrata Panda, Managing Director, TRL Krosaki, tells Madhumita Mookerji. Excerpts:

Steel Companies Have To Sustain By Being Competitive: Union Minister

Steel Companies Have To Sustain By Being Competitive: Union Minister

NMDC Q2 PAT up 10% y-o-y to ₹844 crore

NMDC Q2 PAT up 10% y-o-y to ₹844 crore

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.

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

Steel Industry Needs Tech-Tonic Shift To Touch Optimum Efficiency

Steelmaking is a primal industry that requires huge amounts of heat and energy. As such, it isn’t the first sector that springs to mind when it comes to energy efficiency and sustainability.

SME Long Product Makers To Play Key Role By FY31

As the share of the SMEs is predominant in long products, it is expected that they will be able to enhance their capacity utilization by a significant extent. In wire rods, there will be increasing demand for the high carbon variety. The demand for electrode quality, tyre bead quality and cold heading quality would also be substantial. It is expected that the quantity of imports in these varieties would come down due to higher availability from the domestic sources. The scenario for long products would be influenced by the trend towards special grade wire rods for industrial use, rebars with higher Fe content, structurals with light-gauge high-performance properties and rails with head hardening properties and stainless steel rebars. However, the major challenge being faced by the SMEs pertaining to long products is the conformation to the Mandatory Quality Control Order issued by the Ministry of Steel, Sushim Banerjee, Director General, Institute for Steel Development & Growth (INSDAG)

‘Long Products Likely To Grow Over 10% In 7 Years'

The share of long products is slated to touch 150 million tons (mt) in the 300-mt target set by the government by 2030 from the present 46 mt. However, while there are enablers like the government’s emphasis on infrastructure development, the key challenges include obsolete technology, high pollution rates and tax evasion in the secondary sector, Vijay Kumar Chama, Executive Vice-President (S&M), Jindal Steel & Power Limited, tells Madhumita Mookerji. Excerpts from an interview:

Coking Coal Offers Surge In December

Seaborne coking coal prices moved up by around $50 per ton FOB Australia in December as buyers faced difficulties in securing loading slots in Queensland for contract cargoes for restocking, industry sources said.

NMDC, Odisha Miners Increase Offers

Iron ore price offers remained firm in Odisha as some miners like Rungta Mines and KJS Ahluwalia increased offers in January tracking the firm sponge iron and steel prices, industry sources said.

Year Ends On A High For Motown

Country’s autovilla has ended 2017 with a positive note as sales moved north during December 2017.

JSPL Completes 250 Ton Basic Oxygen Furnace At Angul

Jindal Steel and Power Ltd (JSPL) has successfully completed a 250 tons Basic Oxygen Furnace (BOF) marking the completion of its six million tons per annum (mtpa) integrated steel project at Angul in Odisha.

Steel Demand Growth Facing Cyclical Upturn

Steel is an important metal used across the globe. Steel is mainly consumed in larger quantities by end-users such as the infrastructure and construction sectors. The production process of steel is energy-intensive.

Traffic Handled By Major Ports Up 3% In Apr-Nov, 2017

The 12 major Indian ports handled 439.66 million tons (mt) of total traffic during April-November period of 2017, about 3.46 percent higher than 424.95 mt recorded during April-November, 2016, according to data released by the Indian Ports Association (IPA).