Steel 360 - October 2019
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Flat steel sales, scrap output hit a bump There is a bloodbath in autoville. Barring October 2018, domestic passenger vehicle sales have been in slowdown mode since July last year, which means more than a year's agony for the country's auto manufacturers. Such a scenario is bound to have an impact on two areas. One is sales of flat steels and two, scrap generation from new vehicle manufacturing. Cover story traces this auto graph on pg. 38. In Intervista, we turn the spotlight on Rahul Mittal on pg. 48 who recently took over as Chairman of the Sponge Iron Manufacturers Association, and expects a lot of investments to happen in DRI-based mini integrated plants. In a tête-à-tête with Zubein Buhariwalla, CEO of Federal Engineers, on pg. 18, we learnt their machines do not need maintenance contracts. There is healthy demand for Indian-origin pellets by Chinese steel makers. Based on the exports numbers reported in Q1, FY20, it is likely that India's pellets production and exports will surpass the FY19 figures. Read this Product story on pg. 30. Tepid domestic demand forced Turkey, the world's largest scrap importer, to turn to exports. But here too protectionism from the US and Europe turned this measure into an uphill task. World View traces the vagaries of the steel industry in this country straddling east Europe and West Asia. Details are on pg. 22. Plus, we focus on a lot more. Enjoy the read!
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