Steel Insights - October 2021

In this issue

Recycling: The route to decarbonisation
Need for green steel to drive scrap usage.

Also read:
• Steel demand likely to see growth in coming months: SAIL Chairman
• NMDC raises FY22 output target to 47 mt
• ArcelorMittal bets big on decarbonisation
• Steel Min focuses on raising consumption, cost cutting
• Iron ore offers stay soft, offtake to pick up in H2

Read Steel Insights, October 2021 issue and get a complete insight into the Indian steel value chain..!

Recycling: The route to decarbonisation

India, the second-largest steelmaker in the world, is also the second-largest importer of steel scrap. Surely India fares poorly in terms of scrap generation and consumption despite steel being the most recyclable metal in the world.

10+ mins

August crude steel production up 8.2% y-o-y, 0.8% m-o-m

India’s crude steel production stood at 10 mt in August 2021, up 8% over August 2020 and 1% over July 2021.

2 mins

Steel Ministry focuses on raising consumption, cost cutting measures

The steel ministry, in a recent series of meetings with officials of major state-owned and private steel makers, asked the industry to raise steel consumption across several sectors of the economy and also take steps to bring down costs of production.

5 mins

More coking coal mines to be offered in auction

Govt has set up 2 committees under Assistant Secretary (Coal) for making suggestions on augmentation and consumption of domestic coking coal by the steel sector under Coking Coal Mission.

5 mins

Spot coking coal offers volatile in seaborne market

Seaborne coking coal offers increased in September on limited supply and demand from markets other than China but eased slightly at the start of October. Primary producers in India showed a preference for premium grades, keeping the booking firm.

2 mins

Car sales on a bumpy ride ahead of festivities

Plagued by the shortage of semiconductors, car sales in September saw a huge drop of 36.5 percent to 185,908 units from 292,858 units in the same month last year.

5 mins

Iron-ore handled by major ports down 8% till August

The 12 major Indian ports handled 25 mt of iron ore during AprilAugust 2021, 8% lower than 27 mt handled in the same period of the previous year, according to data released by IPA.

1 min

Indian Railways' iron ore handling up 36% till August

Indian Railways in April-August 2021 transported 73 mt of iron ore, up 36% from 54 mt during AprilAugust 2020.

1 min

Global crude steel output down 3% in August

China manufactured 83.2 mt in August, fall of 13% over previous year and India’s production was up by 8% y-o-y to 9.9 mt.

1 min

ArcelorMittal bets big on decarbonisation

The Ghent project involves the reduction of CO2 emissions by 3.9 mtpa by 2030, by building a 2.5 million ton DRI plant and two electric furnaces, which will operate alongside its state-of-the-art blast furnace that can take waste wood and plastics as a substitute for fossil carbon.

6 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