VSP, fondly called Vizag Steel, is the first shore-based Integrated Steel Plant in the country and is known for its quality products. It is a market leader in Bars, Rods & Structurals market and it caters to the needs of diverse Infrastructure and Industrial sectors.
Shortly after taking over as Chairman and Managing Director of the plant, Pradosh Kumar Rath is spearheading the growth of the plant. PK Rath has over three decades of experience in steel-making, continuous casting process, and other areas, and played a key role in the 7.3 million tons (mt) expansion project.
RINL has recently been allotted a coal block in Jharkhand. After consolidating its 7.3 mt per annum expansion, the plant is aiming at venturing into flat products by taking its production capacity to 11 mt. RINL has a grand blueprint to touch 20 mt steel capacity by 2032 in line with the National Steel Policy of the government. RINL aspires to be the most efficient steel maker having the largest single location shore-based steel plant in the country
During an interaction with Tamajit Pain of Steel Insights in his sprawling office at the plant premises in Vishakhapatnam, Rath shared his plans regarding raw material securitization, cost optimization through technology, expansion and product development at a time when steel is faced with the most challenging market scenario.
Firstly, congratulations for getting the coal block. That’s a new development that has happened. How do you look at it?
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Esta historia es de la edición January 2020 de 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.
