CATEGORIES

India's Apr-Aug Sponge Iron Production Marginally Up

India’s gross sponge iron production rose 1.4 percent to 10.33 million tons (mt) in April-August 2017, up from 10.19 million tons in the same period last year, provisional steel ministry data showed.

India Starts Dumping Probe Into Bar, Rod Imports

The government has initiated an anti-dumping probe into imports of straight length bars and rods of alloy steel from China following complaints from the domestic industry, industry sources said.

Traffic Handled By Major Ports Up 3% In Apr -Aug 2017

The 12 major Indian ports handled 273.96 million tons (mt) of total traffic during April-August period of 2017, about 3.26 percent higher than 265.3 mt recorded during April-August, 2016, according to data released by the Indian Ports Association (IPA).

Refractory Sector Must Focus On Indigenous Raw Material R&D: IRMA

The Indian refractory industry can grow if the steel industry grows. For every ton of crude steel manufactured, around 11 kg of refractory is required. In the government’s 300 million tons of crude steel production plan by 2030, Indian refractory makers must be allowed to participate. If Chinese refractory makers take away a sizeable share, then it will pose a problem. Also, the stress should now be on developing R&D for indigenous raw materials. Working toward this end, the Indian Refractory Makers Association (IRMA) has just signed a MoU with IIT-BHU, Varanasi for developing a refractory centre of excellence, Anirbandip Dasgupta, Senior Executive Officer, IRMA

Moderate But Continued Growth Expected For Global Steel Demand: WSA

The World Steel Association (worldsteel) has forecasted that global steel demand will reach 1,622.1 mt in 2017. 

Railways Lender An Opportunity For Steel Mills

Indian Railways has floated a global tender to procure rails and the state-run freight and passenger carrier is seeking to buy 700,000 tons of rails for track upgrades, Railway Minister Piyush Goyal said.

Kolkata Port Trust Plans 3 Terminals At Haldia

The Kolkata Port Trust (KoPT) plans to augment capacity at Haldia port by adding three new terminals at an estimated cost of ₹800 crore.

India Offers Golden Opportunities For Global Investors: Gadkari

India offers “golden opportunities” for global investors in sectors such as infrastructure, transport, agriculture and food processing, Union Shipping minister Nitin Gadkari said.

Tata Metaliks Net Zooms 54%

Pig iron and ductile iron water pipe maker Tata Metaliks Limited (TML) has reported a 54 percent year-on-year increase in quarterly net profit, helped by higher sales and lower input cost.

Tata Steel Plans To Expand Kalinganagar Capacity To 8 MTPA

Tata Steel is in the midst of finalizing plans for the second phase of expansion of its Kalinganagar plant to take the capacity to 8 mtpa from 3 mtpa currently, T V Narendran, Managing Director, Tata Steel, told Steel Insights.

Traffic Handled By Major Ports Up 4% In April-July

The 12 major Indian ports handled 221.95 million tons (mt) of total traffic during April-July, 2017, about 4.13 percent higher than 213.15 mt recorded during April-July, 2016, according to data released by the Indian Ports Association (IPA).

Beneficiation To Benefit Iron Ore

India’s iron ore production is expected to touch 218-220 mt in 2018-19. Odisha is expected to contribute 110-120 mt in this prospective kitty, while Karnataka is likely to contribute 34-35 mt tons of ore production. The balance is expected to come from Chhattisgarh, Jharkhand and the captive miners 

Techno-Feasibility Report for Tajpur Port Expected in 3-4 Months

Kolkata Port Trust (KoPT), the first major and only riverine port in the country, has fixed a tonnage target of 65 mt, in which the share of iron ore, finished steel products and coal would be around 30-35 mt, and a 10 percent growth in revenues for the current fiscal after registering a 13 percent tonnage growth in the last fiscal. The port is further poised to serve the entire trade hinterland of the eastern and north-eastern part of the country through an additional capacity in the form of the Tajpur Port, the consultancy work for which has already started rolling. Madhumita Mookerji and Tamajit Pain caught up with Vinit Kumar, the Chairman of KoPT, who says, the very fact that the port is registering 13 percent tonnage growth is proof enough that industrial growth in this region merits another port and that Kolkata Dock System (KDS) and Haldia Dock Complex (HDC) will not really be impacted. Excerpts from an interview:

First Phase of Eastern DFC Unlikely in 2018

Delhi NCR a Hot Favourite of Chinese Global Cos

National Steel Policy: Will It Be Able to Meet Expectations?

The government has come up with a new National Steel Policy, 2017 that envisages increasing the capacity of this commodity in the country by more than 2-fold from 122 million tons per annum (mtpa) to 300 mtpa, by 2030. This kind of capacity expansion will require investment to the tune of ₹10 lakh crore.

Coking Coal Offers Lose Steam in January

Seaborne metallurgical coal, the best performing major commodity of 2016, has made a weak start to the New Year as Chinese mines have responded to pressure from Beijing to increase output.

Vale's Iron Ore Output At 82 Mt In Q1

Vale achieved an iron ore production volume of 82 million tons (mt) in Q1 of 2018, mainly due to the company’s decision to progressively reduce lower grade ore production from the southern and south eastern systems, which resulted in a 4.9 percent reduction when compared to Q1 of 2017.

Coking Coal Offers Ease In April

The seaborne coking coal prices staged a decline in April 2018, as early concerns over a tropical cyclone at Queensland eased without creating any major disruption and demand remained low in the key markets, trading sources said.

Steel Firms Expect To Report Strong Q4

Indian steel firms are expected to report strong Q4 results, led by stronger domestic steel prices.

Coking Coal Offers Move Up In June

In line with the trend witnessed in May, seaborne coking coal prices moved up in June 2018, mainly on supply concerns for the near term, market sources said.

KIOCL Expects To Cross ₹1,800-Cr Topline In Fy19

KIOCL (formerly known as Kudremukh Iron Ore Company Limited) has come a long way since the closure of its Kudremukh mine by an order of the Supreme Court in 2005.

Motown Ends FY19 With A Smile

It has been an eventful year for the auto sector owing to various factors like poor festive sales, high insurance cost, liquidity crunch and increased fuel prices.

Construction Ahead!

Traction in select infrastructure segments to keep steel consumption buoyant

Could Davos Show Glimmer Of Hope?

Could Davos Show Glimmer Of Hope?

JSW Steel Q3 Profit More Than Doubles To `1,774 Crore

JSW Steel Q3 Profit More Than Doubles To `1,774 Crore

SAIL's Bhilai plant blows in new BF

SAIL’s Bhilai plant blows in new BF

Traffic Handled By Major Ports Up 3.6% In Apr-Dec

Traffic Handled By Major Ports Up 3.6% In Apr-Dec

India Would Be Largest Growth Market For Coal By 2040: Report

Asia would be playing the key role in enhancing global energy demand by making it increase around a third by 2040, driven by improvement in living standards, led by India and China.

‘Accident Stats Must Be Compiled On Uniform Definition Basis'

The mining industry in general is a hazardous one and all manufacturing plants, including a steel plant, come with their own hazards.

India Importing Maximum Steel From Korea

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.