Finished steel production and consumption is divided into two broad categories - long and flat products. In addition to these two prime segments, finished steel output and consumption also includes alloy steel. Among these product segments, long steel products accounts for the largest share in country’s total finished steel production.
What are long and flat products?
Long products are generally available in straight length/cut length barring wire rods which are normally available in irregularly wound coils. These finished steel products are normally produced by hot rolling/ forging of bloom/billets/pencil ingots into usable shapes or sizes. This product segment includes products like bars & rods, steel structurals and railway materials. Long products are generally used for construction, mechanical engineering and energy.
Flat products are finished steel products that are produced from slabs/thin slabs in rolling mills using flat rolls. These are supplied in Hot Rolled (HR), Cold Rolled (CR) or in coated condition depending upon the requirement.
This product segment involves Galvanised Plain/Galvanised Corrugated (GP/GC) sheets, Hot Rolled (HR) coils/ sheets, Cold Rolled (CR) sheets/coils, pipes, electrical sheets, tin plates and plates. Flat products are generally used for automotive and truck wheel frames and body parts, heavy machinery, pipes and tubes, construction, packaging and appliances.
Structure of steel industry in India
The steel companies in India manufacture steel using Blast Furnace-Blast Oxygen Furnace (BF-BOF), Electric Arc Furnace (EAF) and IF (Induction Furnace) process. As per steel ministry data, 50.8 million tons (47 percent) of crude steel production operates through BF-BOF route, 27.70 mt (26 percent) of crude production works through EAF route and 28.77 mt (27 percent) of capacity uses IF route for steel production.
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Steel's Net Zero mission
The countryâs commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
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Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while Indiaâs production went up by 7% to 10 mt.
MOIL embarks on expansion projects
âEven 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.â 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.
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âIn 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.â Baoshan Iron and Steel Co Ltd
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September crude steel production up 7.2% y-o-y
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âFive enablers: way forward to sustainable cleaner steelâ
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