Steel Insights Magazine - December 2018
Steel Insights Magazine - December 2018
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In this issue
Ferrous wheel
India’s ferro alloy industry being squeezed by weak demand, high power cost and difficulty in accessing local mineral resources.
Also read:
• Interview: IoT, AI the next big thing in construction technology industry.
• Special Focus: Dry bulk cargo freight rates to stay flat in short term.
• Feature: Collaborative research required between coal, power & steel sectors.
• Feature: "India to become largest coking coal importer by 2022".
Plus regular features, corporate, logistics and other news & analyses.
Ferrous Wheel
India’s ferro alloys industry being squeezed by weak demand, high power cost and difficulty in accessing local mineral resources.
10+ mins
Not Much Progress Made In Saved Licences
Hindustan Zinc is India’s largest and the world’s second largest zinc-lead miner. The company is a subsidiary of Vedanta Limited which owns 64.9 percent stake while the Government of India retains its 29.54 percent. The demand for zinc in India is good with 70 percent of it coming from the galvanising sector which is witnessing a rising penetration of galvanised steel in domestic car models. The on-going restructuring of the steel industry and adherence to the upcoming IS277 coating standards bode well for zinc consumption in India. Apart from already having invested $2 billion, the company plans to invest another $2 billion in 3-5 years’ time, Sunil Duggal, CEO & Managing Director, Hindustan Zinc Limited and President, Federation of Indian Mineral Industries (FIMI), tells Madhumita Mookerji. Excerpts from an interview.
4 mins
IOT, AI The Next Big Thing In Construction Technology Industry
With around 70 percent growth seen in the first half of 2018, construction equipment maker CASE Construction is eyeing the Centre’s ambitious programmes like Bharatmala and Sagarmala, state and rural road development and maintenance projects, railways, Metro Rail development among others. These projects have had a positive impact in terms of increased demand of construction equipment. The estimated sales of construction equipment in the first half of 2018 increased by 33 percent as compared to 2017, but a similar growth trend may not be supported in the second half of 2018, Ajay Aneja, Brand Leader, CASE Construction, tells Ritwik Sinha. Excerpts from an interview:
6 mins
Dry Bulk Cargo Freight Rates To Stay Flat In Short Term
Although Q4 outlook looks bleak, significant improvement is expected in the Baltic Dry Index, particularly from the latter part of 2019 on lower fleet growth prospects
9 mins
Collaborative Research Required Between Coal, Power & Steel Sectors
Coal is a commodity which drives an economy and the steel industry is a little worried that if the first preference of supply of coal, especially coking coal, should go to the power sector, and not the steel industry.
5 mins
November Slowdown For Motown As Sales Take Backseat
India’s autoville suffered a heavy blow in terms of November sales as the country’s top car makers like Maruti, Hyundai, Tata Motors, Toyota and Ford all saw degrowth in sales. However, bucking the trend, Mahindra and Honda saw double-digit sales growth.
6 mins
Indian Coking Coal Demand To Rise, Says ISA
India’s met coal demand is estimated to increase to meet the needs of a fast-growing steel sector.
6 mins
Surplus Iron Ore Stocks Clearance Can Enhance Output, Says FIMI
India has surplus iron ore stockpiles of around 151 million tons of various grades up to 62 percent Fe grade at mine heads which can be evacuated and monetised via exports to enhance production capacity, said R K Sharma, Secretary General, Federation of Indian Mineral Industries (FIMI).
1 min
Required: A Paradigm Shift In Mineral Policy
India has vast economic potential in the mineral sector owing to its significant and diverse mineral resources.
5 mins
Katowice Summit To Hammer Out Rule Book To 2015 Paris Agreement
This year’s United Nations Climate Conference could be a landmark one for the global coal industry as well.
10+ mins
Steel Insights Magazine Description:
Publisher: mjunction services ltd
Category: Business
Language: English
Frequency: Monthly
Steel Insights is India's premier and widely read monthly magazine on steel and metallurgical industry published by mjunction services ltd (A JV of Tata Steel and SAIL).It delves into the various facets of the domestic and global steel industry, such as market fundamentals, raw material price trends, price forecasts, upcoming projects, corporate updates and international trade and logistics issues.It also includes an incisive analysis of news on steel and allied industries, as well as expert opinions on relevant topics and interviews of industry stalwarts on a regular basis.
Also includes daily news headlines & daily newsletter on Steel Industry
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