Steel 360 - December 2020
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2020 Vision 2020! Phew, what a year in the history of civilisation. The jury is still out on whether it is possibly the greatest baddie or our forefathers had seen even worse. But, the world, on its part, has witnessed unprecedented times, when survival, in more ways than one, has become the greatest challenge. The year started on a catastrophic note with the Australian bush fires still raging and killing or dislocating close to 300 crore animals. This was swiftly followed by the deadly Covid-19 pandemic’s entry that has seen 61 million cases worldwide and 1.43 million deaths at the time of writing this edit. Economies collapsed and are still struggling. Job losses became rampant. Daily wage earners starved. The colossal reverse migration laid bare the plight of India’s have-nots. Natural calamities left a trail of devastation. Work-from-home, sanitisers and masks became the new normal. Lockdowns, virus, pandemic, vaccines became the watchwords. The steel industry too was impacted badly with several user industries coming to a halt. The secondary sector had to almost down shutters in the initial stages. Overall, steel production reduced by a whopping 65% while mills survived on exports. With the lifting of the lockdown, economic activity started resuming slowly with the second quarter seeing unprecedented hike in raw material and product prices. The third quarter saw a muted festive season with auto and white goods sales going northwards but on a low base. However, the scars of the ongoing pandemic will not heal swiftly what with both production and consumption dented badly. It could take one full year for the industry to recover to the levels seen in 2018-19. This special issue of Steel360 takes a look back at the year that was. Steel360 wishes its readers a Merry Christmas and a Happy and Healthy 2021.
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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
