In this issue

Met Coal demand: Steel makers need to build up capacities
As domestic steel makers raise capacities, demand to shoot up

Also read:
• Coal India eyes coking coal mines in Russia
• Rating agencies predict bearish steel trends
• Steel makers’ profitability to decline on slowing demand: Moody’s
• SAIL extends disinvestment EoI deadline for better response
• ArcelorMittal, Nippon Steel plan production, capex cuts

Plus regular features, corporate, logistics, international news & price analyses

Met Coke Demand Set To Rise On Expanding Steel Capacity

Demand for low ash metallurgical (LAM) coke, an important input material for steel-making, is set to rise as steel mills in India plan to enhance capacity to meet demand in the near to long term, according to industry sources.

10+ mins

India Crude Steel Production Up 1.7% In July

India’s crude steel production stood at 9.215 million tons (mt) in July 2019, up by 1.7 percent over July 2018 and was down by 1.3 percent over June 2019, provisional steel ministry data showed.

2 mins

Rating Agencies Predict Bearish Steel Trends

Weaker demand and possible disruptions to iron ore supplies is likely to turn the current fiscal a challenging year for the country’s steel industry, Indian ratings has said.

4 mins

Increasing Share Of Institutional Investments In Indian Real Estate: CII-JLL Study

Institutional investments increased in the last ten years and have improved investor confidence, risk appetite and transparency.

2 mins

Seaborne Coking Coal Offers Slide In August

Seaborne coking coal offers staged a decline in August 2019 amid subdued demand from China and India and overall sluggishness in the steel market worldwide, industry sources said.

3 mins

Iron Ore Prices Plunge To Hurt Exports From India

With global iron ore prices entering the bearish zone, Indian exports may be impacted.

3 mins

Traffic Handled By Major Ports Up 2% Till July

The 12 major Indian ports handled 236.18 million tons (mt) of total traffic during April-July 2019, about 2 percent higher than 231.54 mt recorded for April- July, 2018, according to data released by the Indian Ports Association (IPA).

1 min

SAIL Extends Disinvestment EoI Deadline For Better Response

The deadline for submission of initial bids for stake sale of SAIL’s three plants Visvesvaraya Iron and Steel Plant (VISP), Alloy Steels Plant (ASP) and Salem Steel Plant (SSP) has been extended further to September 10 to improve chances of their disinvestments.

5 mins

Tata Steel Cuts Capex Plans For FY20

Tata Steel plans to recalibrate its capex plans for FY20 owing to the severe demand slowdown in both domestic and international markets, T V Narendran, MD & CEO, Tata Steel said.

6 mins

Aichi To Invest In Vardhman Group For Auto Grade Steel

Aichi Steel Corp of Japan an affiliate of Japan’s Toyota Motor Corporation has decided to guy approximately 11.4 percent stake in Vardhman Special Steels and provide technical assistance aiming to establish a world class special steel company in India.

2 mins

ArcelorMittal Plans Asset Sale, Production Cuts To Tide Over Crisis

EBITDA for first half drops 42.6%

5 mins

Nippon Steel Cuts Capex Spending, Forecast As US-China Trade War Hurts Demand

Nippon Steel Corp has downsized its planned capex for the period between 2019-2021 to the extent of 10-20 percent following weak steel demand in the backdrop of continued China-US trade war which has impacted profits.

6 mins

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Steel Insights Magazine Description:

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.

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