In this issue

Coking coal: Rethinking fuel strategy
Price crash hasn't discouraged steel makers from looking for alternatives sources

Also read:
• Auction of coal mines for commercial usage marked country’s transition to a liberalised coal sector
• Steel needs bold steps to address climate change challenge: KPMG study
• Coke sourcing key driver for Tata Metaliks merger
• US Steel fires Electric Arc Furnace to cut carbon costs

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

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.

10+ mins

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.

2 mins

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.

10 mins

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

4 mins

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.

2 mins

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).

1 min

Induction furnace route to grow in medium term

Over the years induction furnace route for steelmaking has gained prominence in India.

3 mins

US Steel fires Electric Arc Furnace to cut carbon costs

Issues maiden green bond to finance project

3 mins

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.

4 mins

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.

3 mins

Read all stories from Steel Insights

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.

Also includes daily news headlines & daily newsletter on Steel Industry