Steel Insights - August 2020
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August 2020 issue Digital Access. - Magazine Details
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In this issue
Steeling back to recovery: Hope for better H2 Pricing power returns but iron ore availability key challenge Also read: • Will the eagles dare? Webinar discusses coal block auction • ArcelorMittal sees signs of recovery • Vale sees steel recovery in H2 of 2020 • JSW realisation drops 12% • Moody’s sees 10% drop in demand for top Indian steel makers Read Steel Insights August 2020 issue and get a complete insight into the Indian steel value chain...!
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US Steel fires Electric Arc Furnace to cut carbon costs
Issues maiden green bond to finance project
Seaborne coking coal offers fall in November
Seaborne coking coal offers fell in November as demand weakened amid impact of import restrictions in China, sources said. Spot prices slumped on reports of diversion of coal vessels to other places as Chinese customers were deferring inbound shipments from Australia.
October crude steel production up 3% on month
India’s crude steel production stood at 9.06 million tons (mt) in October 2020, up 0.9 percent over October 2019 and was up by 3.1 percent over September 2020, provisional steel ministry data showed.
Motown sees a dull November sales
“Building on the strong sales momentum that was driven by festive demand this year, the company continues to build high customer excitement through a line-up of technologically advanced and futuristic products.” Tarun Garg, Director - Marketing & Service, Hyundai Motor India
Traffic handled by major ports down 12% till October
The 12 major Indian ports handled 354.82 million tons (mt) of traffic in April-October, lower by 12.43 percent from 405.2 mt recorded for the corresponding period of last year, according to Indian Ports Association (IPA).
Induction furnace route to grow in medium term
Over the years induction furnace route for steelmaking has gained prominence in India.
Coking coal: Rethinking fuel strategy
The recent global geo-political dynamics as well as sharp revival in the steel sector demand post pandemic-induced lockdown have put focus on coking coal, a key input for the steel sector.
Coke sourcing key driver for Tata Metaliks merger with Tata Steel Long Products
Tata Steel has announced the merger of country’s leading producers of high-quality Pig Iron (PI) and Ductile Iron Pipes (DIP) maker, Tata Metaliks into Tata Steel Long Products.
Acquisition of Modern Steels credit neutral for Arjas Steel
Arjas Steel Pvt Ltd’s (ASPL) recent acquisition of Punjab-based Modern Steels Ltd. (MSL) will be credit neutral for the rated entity, believes India Ratings and Research.
Commercial Coal Mine Auction: Dawn Of A New Era
The month of November turned historic with the execution of country’s maiden auction of coal mines for commercial usage that marked country’s transition to a liberalised coal sector that promises access to a fuel on demand at competitive prices without bureaucratic hassles and monopolistic attitude.
