In this issue

Supply Issues, More ‘Ore’ Less
Growth projections for the current fiscal by various global and domestic agencies
indicate a sharp contraction of the Indian economy, with predictions ranging from
-3.2% to -9.5% against the backdrop of the COVID-19 crisis. Recently, 15th
Finance Commission Chairman N.K. Singh said India will see a sharp V-shaped
recovery in the third and fourth quarters of the current fiscal... not necessarily
because anything fundamental will happen or may happen but because of a lower
base. And that FY21 GDP growth would be in negative territory on “serious
demand and supply dislocations”.
But, the economy has to show resilience and move on...
Talking of resilience, the sheer buoyancy of seaborne iron ore prices can be
attributed to China’s voracious appetite post lock-down and supply disruptions
from Brazil. Our cover story on pg. 34 tracks the iron ore scene, global and local.
In India, the segment is poised for a change, where supply dynamics are shifting
from merchant miners to the mills themselves. Prices are expected to stay
subdued in the short term on supply tightness.
Intervista, on pg. 54, caught up with Ruchika Govil, Joint Secretary, Ministry of
Steel, who dwells on key topics ranging from Odisha iron ore auctions to scrap,
the secondary sector and a lot more.
Coal360, on pg. 10, probes BCCL’s new coal washing technologies and focuses on
ECL, on pg. 50 which is targeting quality along with quantity.
Impact, on pg. 20, turns the spotlight on corporates designing infrastructure to
fight COVID-19.
Where is the auto sector graph headed? We track it in Industry,
on pg. 46.
Plus, we focus on a lot more. Enjoy the read!

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.

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