Steel Insights - July 2020

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Iron Ore: A new paradigm
From abundance to scarcity: steel makers are staring at a new normal

Also read:
• Coal blocks auction: Steel makers set to benefit
• Government nudges steel sector to raise usage
• Tata Steel to revisit capex plans in second half
• Oversupply to drive price correction in 2QFY21
• Implied steel output loss seen at 14% in FY21: Analyst’s report

Read Steel Insights July 2020 issue and get a complete insight into the Indian steel value chain...!

IRON ORE: A new paradigm

Iron ore sector is in the midst of a major shift post mine auctions in Odisha held earlier this year in January.

10+ mins

May crude production up 78% on month

May crude steel production was at 5.767 mt, down 39.1% on year and was up 77.8% over April. With 78% share, private sector (7.024 mt, down by 53.3%) led crude steel production compared to the 22% contributed by PSUs.

2 mins

June sales promise hint of revival of Motown

The country’s auto sector is gradually picking up pace as most car manufacturers were able to resume operations at their plants.

5 mins

Seaborne coking coal offers remain range-bound in June

Seaborne coking coal offers moved in a narrow range in June on concerns over import restrictions in China and slow buying from India. Premium variety quoted at $113/ton FOB Australia on June 29, unchanged from the price quoted on May 29. Peak down prices were at $114/t FOB Australia on June 29, unchanged from May 29 level.

2 mins

Traffic handled by major ports down 22% till April-May

The 12 major Indian ports handled 92.821 mt of total traffic in AprilMay 2020, lower by 22.16% than 119.239 mt recorded for AprilMay 2019, according to data released by the IPA.

1 min

Railways' iron-ore handling down 10% in FY20

Railways in AprilMay 2020 transported 16.84 mt of iron ore for exports, steel plants and other domestic use down 30.3% from 24.16 mt transported in April-May 2019. Revenue from this stood at ₹1,304.92 cr, down by 26.8% from ₹1,782.34 cr earned in year ago period.

1 min

SAIL records highest ever June sales, monthly exports

Steel Authority of India Limited (SAIL) has achieved the highest ever June month sales this year. The domestic and export sales stood at 12.77 Lakh tons which is a jump of more than 18 percent over the corresponding period last year.

5 mins

Graphite India Sees Demand Rising In China

The global steel demand is expected to further decline in the second quarter of 2020 due to prolonged lockdowns and weaker economic activity worldwide, Graphite India has said in its recently released annual report.

4 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