Steel Insights Magazine - April 2021
Steel Insights Magazine - April 2021
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In this issue
“NMDC will increase production by more than 50% in three to four years.”
Exclusive interview of Sumit Deb, CMD of NMDC
Also read:
• Domestic steel prices ruling at discount, upside seen: analysts
• Scrappage Policy to turn mandatory
• Packaging industry faces crisis as tinplate imports fall
• India iron ore output likely to be sufficient to meet demand
• JSW Steel likely to spend Rs 10,000 crore for capex in FY22
Read Steel Insights April 2021 issue and get a complete insight into the Indian steel value chain...!
“NMDC will increase production by more than 50% in three to four years.”
Iron ore mining showed a sharp growth on a yearly basis in FY21 on the back of robust demand from the steel sector due to the sharp recovery in domestic as well as global demand. And NMDC was well-positioned to take advantage of it. Despite Donimalai mine remaining shut and heavy rains hampering mining activities in Chhattisgarh, the state-owned miner was able to post significant growth in operations in FY21. And with the resumption in mining at Donimalai, 10 mtpa of upcoming beneficiation facilities and with new reforms in mining rules, NMDC is set for brighter days ahead. Sumit Deb, Chairman-cum-Managing Director of NMDC spoke to Ritwik Sinha of Steel Insights on various opportunities for capacity enhancement and efficiency improvements.
5 mins
NMDC posts 8% growth in iron ore production in FY21
NMDC, country’s largest iron ore producer, has witnessed a spectacular growth both in production and sales in FY21.
4 mins
Scrappage Policy to turn mandatory
May boost demand for new vehicles
5 mins
Iron ore prices to stay high in 2021: Aussie report
May taper off from next year
9 mins
India launches auctions for 2nd tranche of commercial coal mining
The Coal ministry launched the 2nd tranche of auction for commercial coal mining offering 67 mines for sale of coal on March 25. The technical bids would be opened on May 28 and auction would be held on June 28.
3 mins
Fiscal ends on a high for auto sector
Auto sales in FY21 ended on a high, with a 128 percent growth in March 2021 at 320,487 units, compared to 140,566 unit sold in the year-ago month. Top six auto makers posted a whopping triple digit growth during the month.
5 mins
India iron ore output likely to be sufficient to meet demand
Total iron ore production from Odisha is likely to be in the region of 110 mt in 2020-21, a shortfall of around 31 percent.
5 mins
Global crude steel output down 7.8% in February
China manufactured 83 mt in February, increase of 10.9% over last year and India’s production was down by 3.1% on year to 9.1 mt.
1 min
China output cut pledge to create supply shortages
China has pledged to cut its crude steel output in 2021 from a record 1.06 billion tons it produced in the previous year to reduce carbon emissions even as it imposed curbs on steel production in Tangshan region over environmental concerns as many steel plants were found to be not sticking to pollution control rules.
3 mins
All-time high ferro alloy prices reflect supply concerns
“The current market scenario is expected to remain same for sometime reflecting increased purchasing activity due to excess order booking and tendering order quantity taken by the ferro alloys manufacturers.”
4 mins
Steel Insights Magazine Description:
Publisher: mjunction services ltd
Category: Business
Language: English
Frequency: Monthly
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
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