In this issue

Steel sector braces for stable 2021
A look at how prices of steel and its raw materials would perform during the year

Also read:
• Budget wishlist: Industry bodies seek export ban, import duty cut
• Economic revival to drive flat steel demand
• Indian sponge iron recovery to support South African coal exports
• Steel ministry amends domestic product preference policy

Read Steel Insights January 2021 issue and get a complete insight into the Indian steel value chain...!

Steel Sector Braces For Stable 2021

As the rest of the economy trudged towards 2021 burdened with faltering recovery, the steel makers are posed with a happy problem of demand outstripping production levels and stocks.

10+ mins

New SAIL chairman to focus on financial performance improvement

Soma Mondal, who has taken over as Chairman of Steel Authority of India Ltd on the first day of 2021, has asked employees of public sector steel behemoth to focus on making the organization financially and structurally strong.

4 mins

JSPL plans biggest global single-location steel plant

To raise Angul capacity to 25.2 mt

7 mins

AM/NS India plans to double capacity

ArcelorMittal Nippon Steel (AM/NS) India, a joint venture between ArcelorMittal and Nippon Steel – two of the world’s leading steel companies aims to double the production capacity from the current 9 million tons (mt) in a phased manner, the company said recently.

1 min

November crude steel output up 3.5% on year

India’s crude steel production grew 3.5 percent on year to 9.24 million tons (mt) in November but was down 1.9 percent from October, provisional steel ministry data showed. With 82 percent share, the private sector (51.171mt, down by 13.7 percent) led crude steel production compared to the 18 percent contribution of the PSUs.

1 min

Budget Wishlist: Industry Bodies Seek Export Ban, Import Duty Cut

Domestic steel makers under the aegis of Confederation of Indian Industry (CII) have sought reduction in basic customs duty on key raw materials like anthracite coal, metallurgical coke, coking coal, and graphite electrode in the upcoming Union Budget 2021.

5 mins

Forging industry asks for steel, iron ore export curb

The forging industry has urged the government to ban steel and iron ore exports, as domestic steel prices shot up by 25-30 percent in the last three months due to increased exports and squeezed supply in the local market.

3 mins

Year-end brings in cheer to motown

December sales bought in cheer to the top carmakers of the country as sales moved northbound on a year-on-year basis.

6 mins

Seaborne coking coal offers rise marginally in December

Seaborne coking coal offers rose marginally in December as new deals were sealed at higher prices despite the Chinese import restrictions on material from Australia, sources said.

2 mins

Traffic at major ports down 11% till November

The 12 major Indian ports handled 414.30 mt of traffic in April-November, lower by 10.53% than 463.05 mt recorded in the corresponding period of last year, according to data released by IPA.

1 min

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