In this issue

Demand dodges Covid Curve ball
Consumption of steel is reviving across most sectors pushing up prices

Also read:
• Steel makers bid for commercial coal mines: Around 40% of mines get no response
• August steel imports value touches highest since March.
• Major Aussie coking coal project goes underway, eyes China, India markets
• Supply glut to pull down global iron ore prices while low domestic output pushes up local prices.

Read Steel Insights October 2020 issue and get a complete insight into the Indian steel value chain...!

Demand dodges Covid curveball

Consumption of steel is reviving across most sectors pushing up prices

10 mins

August crude steel production down 1% on month

India’s crude steel production at 8.478 mt in August is marginally down by 0.9% from July and 4.4% below August 2019.

2 mins

August steel import value tracked by SIMS touches highest since March

Imports crossed $1 billion before lockdown.

3 mins

Low domestic iron ore output impacts supply, prices

India’s iron ore production remained low, resulting in higher prices, industry sources said. Iron ore production is estimated at around 13.3-13.15 million tons levels in August from around 14 million tons in July.

2 mins

Seaborne coking coal offers move up in September

Seaborne coking coal offers rose in September on rebound in actual transaction prices. The premium variety was quoted at $133 per ton FOB Australia on September 25 as against $106 on August 31.

2 mins

Traffic of major ports down 16.56% till August

The 12 major Indian ports handled 245 mt of total traffic in April-August, lower by 16.56% from 294 mt recorded in the corresponding period of last year, according to data released by IPA.

1 min

Railways' iron-ore handling down 12.5% in April-August

Railways in AprilAugust transported 12.5% less iron ore at 53.75 mt compared with 61.45 mt during same period previous year. Revenue from iron ore transportation during April-August was ₹4,061 crore, down 6% from ₹4,324 crore earned during same period of previous year.

1 min

“There is lot going for Green furnace in terms of performance and new features.”

With a mission to achieve 300 million tons of steel capacity by 2030, secondary steel sector will also play a major part in achieving the target. Estimates of contribution of the secondary sector vary widely from 30 percent to 50 percent. Steel production via induction furnace is the least capex intensive, less gestation period and has significant operational advantages. Megatherm is among the top three manufacturers globally and is dedicated to bringing about an energy saving revolution in the sector. Satadri Chanda, executive director of Megatherm Group tells Tamajit Pain, the key opportunities and challenges before the sector.

5 mins

Major Aussie coking coal project goes underway

15 mtpa capacity eyes China, India markets

2 mins

Board restructuring to make SAIL more agile

Considering the revised cost estimates approved so far, the indicative investment for modernisation and expansion plan is likely to be ₹79,420 crore. The cumulative expenditure of ₹66,585 crore has been incurred till March.

7 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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