In this issue

Demand revival keeps steel homebound
A broad-based economic recovery in India is helping steel makers turn away from export market.

Also read:
• Steel Ministry aiming at increasing rural steel consumption
• ArcelorMittal restarts idled capacities as demand revives
• JSPL eyes 7.5 million tons output in FY21
• Global excess capacity to touch 606mt in 2020: Forum

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

Demand revival keeps steel homebound

A broad-based economic recovery in India is underway with business sentiments improving substantially over the recent months.

10+ mins

September crude steel production down 2.9% on year, 4.5% on month

India’s crude steel production fell 2.9 percent to 8.52 million tons (mt) in September on year and was down by 4.5 percent from August, provisional steel ministry data showed.

1 min

Anti-dumping duty on stainless steel may not protect domestic players

Imposition of countervailing duty (CVD) of 21-23 percent on the stainless steel flat products imported from Indonesia effective from August is unlikely to protect the domestic players fully as such trade remedial measures have been responded with side-stepping tactics by exporting nations, by exploiting India’s Free Trade Agreements with other countries.

6 mins

Steel Ministry aiming at increasing rural steel consumption

India’s per capita steel consumption of 74 kgs has to be increased and there is immense scope for growth of steel consumption in rural areas, Dharmendra Pradhan, Union Minister for Steel and Petroleum and Natural Gas said while addressing a webinar on ‘Atmanirbhar Bharat: Fostering steel usage in Rural economy organised by Ministry of Steel in association with Confederation of Indian Industry (CII).

5 mins

Festive season brings cheer to auto makers

Driven by the festive mood and new cars launches, car sales has witness an upswing in October 2020, as top car makers post growth in sales, with Maruti and Hyundai clocking highest ever monthly sales.

5 mins

Major ports' traffic down 14% till September

The 12 major Indian ports handled 298 mt traffic in AprilSeptember, 14.27 percent lower than 348.23 mt recorded for the corresponding period of last year, according to Indian Ports Association.

1 min

Indian Railways' iron-ore handling down 7.8% in April-September

Indian Railways during April-September transported 7.8% less iron ore at 67.35 mt than 73.05mt during same period of 2019.

1 min

Liberty Steel Group eyes thyssenkrupp Europe steel biz

Liberty Steel Group, owned by Sanjeev Gupta-controlled GFG Alliance, has made a non-binding indicative offer to acquire the steel activities of thyssenkrupp.

3 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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