Steel 360 Magazine - January 2022Add to Favorites

Steel 360 Magazine - January 2022Add to Favorites

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In this issue

Another calendar year draws to a close. The fortunes of the Indian steel
industry wavered. The Chinese export rebate cancellation was a major
influencer. The second Covid surge and ensuing oxygen crisis stifled crude
steel production for a month. Even as output bounced back, renewed
post-lockdown industrial activity led to a sudden mismatch in power
demand and generation, leading to domestic power shortfall, which
was subsequently alleviated by increased coal production by Coal India.
Indian mills exhausted and exceeded their Europe exports quotas in the
first five month of the year to stay afloat during the Covid surge, while the
European Commission extended safeguard measures for another three
years. Auto production was hit by the semi-conductor shortage while
mills intermittently raised prices, in tandem with their export prospects.
China’s production curbs, coal shortage and the global energy crisis and
surging prices thereof made headlines.
CY’22 is beginning in the throes of Omicron. But this too shall pass.
Domestic demand in flats is expected to be better as the chip shortage
wanes while longs may also see higher demand on the back of the
government’s infra push. However, exports need to sustain since
domestic demand may not absorb the incremental crude steel production
in CY’22, which may touch 124-125 million tonnes.
Steel360 wishes its readers a Happy New Year!

Sajjan Jindal's Pills For Steel Sector Ills

Making an impassioned cry for the entire steel industry to come forward and join hands to devise ways to increase steel consumption in India, Sajjan Jindal, Chairman of the JSW Group, recently said the USD 200-250 billion of investment that will be required to produce the 300 million tonnes (MnT) of steel by 2030 should be made in all “Make in India” equipment.

Sajjan Jindal's Pills For Steel Sector Ills

4 mins

Galvanised Rails On Track To Be INR 1,400-CR Opportunity

If all goes well, Indian Railways (IR) could be having an INR 1,400-crore, 2 lakh tonnes per annum order for galvanised rails to offer one-and-half years down the line. And two leading producers of rail tracks in India, the Steel Authority of India (SAIL) and Jindal Steel & Power (JSPL), could be in the fray to bag the orders, it is learnt.

Galvanised Rails On Track To Be INR 1,400-CR Opportunity

4 mins

Crysteel Gazing

What lies in store for India's steel industry in 2020?

Crysteel Gazing

10+ mins

Are Indian Steel Makers Ready To Combat Arcelormittal's Arsenal?

Armed with deep pockets and the best available technology in its arsenal, the world’s largest steel maker, ArcelorMittal, is all geared up to own and steer an operating 10-million tonnes per annum (MnTPA) steel plant in India, and a growing market that offers an attractive opportunity for steel firms with excess capacity from China, Japan and Korea (more so for the last two, owing to favorable trade agreements) to dump products unbridled at predatory prices

Are Indian Steel Makers Ready To Combat Arcelormittal's Arsenal?

4 mins

Construction Equipment Sector May See 40% Growth In Sales

The construction equipment industry can expect a 40% increase in sales in the near future on the back of huge government spending on infrastructure projects.

Construction Equipment Sector May See 40% Growth In Sales

5 mins

Acid Test

When it comes to spent pickle liquor, steel makers need to embrace innovative solutions to reduce environmental impact & increase efficiency

Acid Test

5 mins

Stress On 'Scientific Mining': Odisha Mining Lease Area Cap Eased

But govt's decision keeps industry divided

Stress On 'Scientific Mining': Odisha Mining Lease Area Cap Eased

5 mins

Let's Get Carbon-Smart

Innovations are inevitable for the global steel industry to ride over the myriad challenges that the worldwide environmental crisis has thrown up. And almost all the ground-breaking innovations in steel technology have been geared towards confronting and mitigating the carbon challenge. The singular objective of disruptive technologies is to become, what has been aptly termed as “carbon smart”, by not just replacing fossil sources with natural gases for metals production but also recycling fossils and wastes to produce useful products at an industrial scale, thereby providing a huge fillip to the global circular economy. Steel360 turns the spotlight on three “green” technologies that are setting new benchmarks in the industry.

Let's Get Carbon-Smart

10+ mins

Loss Of Unreduced Slag Is A Direct Loss Of Iron

Improving EAF operations through monitoring and control of slag residence time

Loss Of Unreduced Slag Is A Direct Loss Of Iron

6 mins

Auto Scrap Facility Draft Norms Drive Home ‘Green' Point

However, ambiguities keep stakeholders at crossroads

Auto Scrap Facility Draft Norms Drive Home ‘Green' Point

5 mins

Catch 22 For Iron Ore Exporters 

As the government rules out tweaking the extant iron ore export policy aimed at restricting exports for future domestic use, time is perhaps ripe for the non-captive producers of low grade ore to think out of the box to remain afloat. 

Catch 22 For Iron Ore Exporters 

1 min

Can NMDC Be The Inlet For Posco? 

Ask the steel minister or the steel secretary, both will tell you that South Korean steel major Posco is very keen to invest in India.

Can NMDC Be The Inlet For Posco? 

1 min

NMDC Nagarnar Plant to Be Commissioned by Early 2018

State-owned iron ore miner NMDC Limited will commence production from its 3 million tonnes per annum (mnt pa) integrated steel plant at Nagarnar in Chhattisgarh by early 2018, according to government officials.

NMDC Nagarnar Plant to Be Commissioned by Early 2018

1 min

Opportunity Knocking on the Indian Door

India's stride into the steel industry has been exponential. As a developing country with 1.25 billion population to fend for and natural mineral reserves at hand, 300 million tonnes of steel production by 2025, especially with as focused an approach as the Make in India campaign doesn't seem too far off.

Opportunity Knocking on the Indian Door

3 mins

Reinforcing the Indian Steel Industry

In a face to face interview, Dr Aruna Sharma, the Steel Secretary of India, talks of expanding horizons of the Indian steel industry and how synchronized efforts of the government and the industry have proved to be rewarding.

Reinforcing the Indian Steel Industry

9 mins

Scrap Recycling - Harnessing the Potential

Organized and efficient metal scrap recycling does not only lead to significant conservation of energy and natural resources, it is also a valuable economic source for a nation.

Scrap Recycling - Harnessing the Potential

4 mins

Read all stories from Steel 360

Steel 360 Magazine Description:

PublisherSteel 360

CategoryBusiness

LanguageEnglish

FrequencyMonthly

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.

Web: https://www.steel-360.com

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