Majority of steel imports into India are coming from Korea with volumes from the country pegged around 2.19 million tons (mt) in the April-December period of 2018-19 as against 2 million tons in the same period last year, according to provisional steel ministry data.
Imports from China stood at 1.24 million tons during April-December as against 1.71 million tons in the same period last year, the data showed.
Imports from Japan stood at 1.02 million tons during April-December, 2018 as against 931,000 tons in the same period of the previous year.
The other major importing countries are Indonesia and Taiwan.
India exporting maximum steel volumes to Nepal
Majority of steel exports from India are going to Nepal with exports to the country pegged around 1.48 million tons in the April-December period of 2018-19 as against 734,000 tons in the same period last year, according to provisional steel ministry data.
Exports to Italy stood at 561,000 tons during April-December, 2018 as against 984,000 tons in the same period of the previous year, the data showed.
Exports to UAE stood at 513,000 tons during April-December, 2018 as against 623,000 tons in the same period the previous year. The other major export destinations are Belgium and Vietnam.
India’s met coke imports up 92% in Dec
Denne historien er fra March 2019-utgaven av Steel Insights.
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Denne historien er fra March 2019-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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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.
