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.

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.

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.

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.

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.

Mining sector all set to create ₹100 crore worth e-com opportunity

Mining sector may soon witness a spike in e-commerce activity with Government of India showcasing immense opportunity to the Engineering, Procurement and Construction (EPC) Companies through privatisation initiatives.

Seaborne coking coal offers slightly up in May

Seaborne coking coal offers staged modest gains in May 2020 on active buying support from China even as demand in other markets like India remained dull owing to limited steel production because of lockdown to stop spread of coronavirus pandemic, industry sources said.

Steel sector divided over unrestricted iron ore pellet exports

Shipment to China sees huge jump

Extreme lockdown to hit steel recovery in India: World Steel

Sees 18% decline in steel demand in 2020

Government to chalk out action plan for post-Covid steel sector

Strategy to target input imports, logistics costs

As Brazil falters, iron ore exports from Australia jump

China unlikely to ramp up ore production

Government rolls out National Coal Index

The coal ministry has rolled out the National Coal Index to be used for the purpose of auction of coal mines for commercial mining on revenue share basis.

Charting post-Covid world Exports & policy support to lift steel

From lockdowns, economies across the globe are now entering the unlocking phase though in a cautious mode particularly in India where there is little respite from the continuous spiraling of Covid-19 infection cases.

Cash crunch and competition: Coal India stares at new normal

BCCL running out of cash

April crude steel production down 65.2% on year

India’s crude steel production stood at 3.137 million tons (mt) in April 2020, down 65.2 percent from April 2019 and by 60.8 percent from March 2020, provisional steel ministry data showed.

How Steel Sector Is Coping With Corona: Industry Views

To stop the pandemic on its vicious path, the nation has been put under extended lockdown. While steel industry has been barely able to function under such a constraints, absence of workers or logistical support are creating roadblock. In this issue we continue to seek important insights from the key players in this sector on how they are bravely facing up to the challenge.

Study sees up to 70% drop in realty deals in key markets

Steep rise in enquiries despite softening of sales

STEELING UP TO A NEW NORMAL

High costs, low demand to haunt steel makers

Indian Steel Association revises steel demand forecast

The Indian Steel Association (ISA) has significantly revised downwards India’s steel demand forecast for 2020.

Traffic handled by major ports up 1% in FY20

Movement of iron ore through the major ports showed an increase of 35.17 percent during FY20. The major ports together handled 54.996 mt of iron ore during FY20, compared to 40.687 mt handled in the same period of previous fiscal.

JSW achieves crude steel of 5.63 lakh tons in April

JSW Steel Limited has reported crude steel production of 5.63 lakh tons for April, clocking an average capacity utilisation of 38 percent for the month.

FLSmidth BulkExpertTM Advanced automation for unmanned operation of Stockyard, Port Terminal

Need for efficient stockyard operations and control on raw material quality have increased drastically over the years. The use of advanced automation has become a key success factor in order to establish an efficient, high-quality, stable and competitive raw material supply chain.

India pig iron production down 37% y-o-y in March

India’s March pig iron production stood at 359,000 tons, down 37 percent year on year and down 15.20 percent month on month, provisional steel ministry data showed. In the April-March period of 2019-20, pig iron production stood at 5.507 million tons down by 14.10as against 6.414 million tons produced in AprilMarch 2018-09, steel ministry data showed.

“Refractory industry is fragmented and we see scope for consolidation.”

Dalmia-OCL, the refractory business of Dalmia Bharat Group, offers end-to-end refractory products and solutions to customers in more than 40 countries. A leading player in several mission-critical refractory product categories for steel and cement sector with 7 manufacturing plants (5 in India, 1 in Germany and 1 in China), the company has recently been investing in technologies and capacities to serve the increasing need from high-quality steel makers. Sameer Nagpal, CEO, Dalmia OCL, spoke to Steel Insights on the current challenges and opportunities being faced by the sector

ArcelorMittal to cut Q2 costs by 30% to stay afloat

Sees shipment at 14.5 million tons

Fighting Covid-19 With A Steely Resolve: Industry Views

The pandemic is without precedence. While all previous epidemics were confined to some specific geographies, Covid-19 has affected the whole of the world all at once. We have gathered here some leading industry voices and asked them some very pertinent questions answers to which our readers would be eager to know. The consensus is that by beginning of 2021, steel industry would be back on its feet with economy, supply chain and spending normalising.

Hustling to minimize India's coking coal imports

Coking coal when heated in the absence of air in coke oven batteries produces metallurgical coke, which quenches the endothermic thirst of gigantic blast furnaces that produce hot metal, which is further preferentially oxidized and refined in Basic Oxygen Furnaces (BOF) to produce liquid steel, which then goes through several secondary metallurgy operations, and finally cast and rolled into products of desired shape and size.

Corona to severely impact housing and office sales

“Given the high chance of USA economy suffering due to Covid-19 impact, its negative effect will be felt in India with a drop in office space leasing” Anarock Research

Iron ore miners cut production, see price drop

Global miners like Rio Tinto, Vale and BHP are resorting to production curtailment across their sites yet they see iron ore prices getting adversely impacted as steel makers have also initiated shutdowns.

World tumbles into recession

All major global institutions studying economic outlook in the wake of the pandemic have predicted a global economic recession which have already been initiated with the locking down of about a quarter of the globe.