In this issue

Sustainable Steelmaking

In the backdrop of one of the most difficult times for steel industry which is marked by consolidation and shut downs, WSA has identified India’s steel production growth at 6.7% in the first 4 months of 2015, the highest among the major steel producing nations in the world. Impressively, India in February also surpassed US to be the world’s 3rd largest steel producer.

China has remained central to the world steel market with mining giants pegging Chinese production to touch 1 bnt by 2030; however with domestic demand contracting, the largest steel producing nation is currently selling over 10% of its production in the world market. Last year, Chinese exports to India expanded over 200%. Such cheaper steel has further pressed the already ailing Indian industry which witnessed very poor demand in 2014.

Currently, the GoI is cementing raw material linkages for steelmakers’ which seems fit for a long term. This is crucial considering India’s envisioned need for more and more world class infrastructure that will consume abundant steel. Contrastingly, experts opine that India will have to eventually focus more on steelmaking even if raw materials have to be imported; as the country has all the right elements to emerge as a manufacturing hub like China. It can send finish steel on the same ship that would get raw material. India’s per capita steel consumption as well as production has huge growth potential; however between all the push for growth, it should invest to develop sustainable capacities unlike China. China has recently had to shift focus on enforcing long-ignored environmental regulations even if this would result in a slower growth of the economy.

In a highly motivating cover story, Mr Sanjeev Garg (MD, Indicaa Group) talks about the huge upcoming demand for scrap from India & the subcontinent which may remain for as long as a decade and how it will be vital for the economy.

Steel 360 Magazine Description:

Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.

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