Steel 360 - September 2020
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September 2020 issue Digital Access. 
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Despite COVID-19 Nightmare, India’s Steel Dream Intact The RBI’s recently-released Annual Report for 2019-20 says high frequency indicators that have arrived so far point to a retrenchment in activity unprecedented in history. The upticks visible in May and June after the lockdown was eased in parts of the country, appear to have lost strength in July and August, mainly due to re-imposition or stricter imposition of lockdowns, suggesting that contraction in economic activity will likely prolong into Q2. An assessment of aggregate demand during the year so far suggests that the shock to consumption is severe, and it will take time to regain the pre-COVID-19 momentum. Supply chains and production structures are in disarray and commodity prices, especially those of metals, are reflecting the supply shock. However, despite these dour prognostications, our Cover Story, on pg. 34, reinforces the belief that India’s steel dream is still intact. Peeyush Gupta, Vice President, Steel (Marketing & Sales), Tata Steel, expects a recovery from April, 2021, although the pandemic has pushed back domestic demand by about a year. Steel exports may see a drop in the coming months due to rising domestic demand. Industry tracks the story on pg. 22 Intervista, on pg. 06, turns the spotlight on Vijay Sharma, Director, JSL, who is upbeat that demand for stainless steel will recover from Q3. In Expertalk, on pg. 30, JSPL MD V.R. Sharma advises that India must be ready for big-ticket reforms in the coming years. In Guest Column, on pg. 57, Sanchit Datta, Senior Consulting Analyst, Metals & Minerals Practice, Frost & Sullivan, reveals that despite aluminum's non-corrosive nature, weight and elasticity, steel is still the primary metal used in the automotive industry, due to its strength and cost competitiveness. Plus, we focus on a lot more. Enjoy the read!
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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
