Steel 360 - April 2017
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April 2017 issue Digital Access. - Magazine Details
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Changeover to Consolidation (all happening at the same time) Mint recently reported that Gross non-performing assets (NPAs) have more than doubled in 24 months. If restructured assets are added, the total would come close to Rs 10 trillion (lakh crore). India's infrastructure and the metal sector account for over 50% of the total bank debt. The power sector, iron & steel sector, cement and textiles are all distressed due to policy hurdles, dumping of cheap steel by foreign companies in to India, and fallen consumption levels around the world. Howsoever, the bigger problem has remained the over-leveraging by Indian companies and careless lending practices of banks. The steel sector in India is reviving in two ways – through policy amendments at both central & state level and consolidation (some sharks are out shopping). The government expects our steel to be competitive in the global market in terms of quality, price as well as (consistent) supply. The 'Make in India' initiative has also pumped in new life into many industries that had moved in to slippery grounds. Over the last year and more, improvement availability of key raw materials like iron ore and coal has encouraged the industry. This owes to amendments in mining policy and auction of leases for captive use by the steel industry. A pricing policy is also underway.
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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.
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.
Crysteel Gazing
What lies in store for India's steel industry in 2020?
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
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.
Acid Test
When it comes to spent pickle liquor, steel makers need to embrace innovative solutions to reduce environmental impact & increase efficiency
Stress On 'Scientific Mining': Odisha Mining Lease Area Cap Eased
But govt's decision keeps industry divided
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.
Loss Of Unreduced Slag Is A Direct Loss Of Iron
Improving EAF operations through monitoring and control of slag residence time
Auto Scrap Facility Draft Norms Drive Home ‘Green' Point
However, ambiguities keep stakeholders at crossroads
