In this issue

Raising the bar: Indian steel sector on capex spree
A detailed look at capacity addition plans.

Also read:
• Price correction to be gradual
• Tata Steel sees better profitability for steel industry
• NMDC steel plant delayed to FY22-end
• MN Dastur to set up Carbon Capture project for ArcelorMittal
• Canada to support Algoma’s green plan

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

Raising the bar: Indian steel sector on capex spree

Indian steel industry, particularly the large primary steel makers, are ferociously creating new production capacities prodded by an apparent commodity supercycle, sustained high domestic price levels, profit reserve buffer created out of a spiraling revenue and margin improvement supported by aggressive investment in infrastructure by the government, a stated policy to overcome the ravages of the Corona pandemic.

10+ mins

May crude steel production up 47% y-o-y

India’s crude steel production stood at 9.2 million tons (mt) in May 2021, up 46.9 percent over May 2020 but was down by 0.9 percent from April 2021, provisional steel ministry data showed.

2 mins

Seaborne coking coal offers rise in June

Seaborne coking coal offers increased in June. The premium variety was quoted at $190 per ton FOB Australia on June 30 as against $152 on May 28.

2 mins

Traffic handled by major ports up 31% till May

The 12 major Indian ports handled 122 mt of total traffic during April-May 2021, up by 31% than 93 mt recorded for the corresponding month of previous year, according to IPA data.

1 min

Global crude steel output up 3% in May m-o-m

China manufactured 99.5 mt in May, increase of 7% over last year and India’s production in May up by 47% on year to 9.2 mt.

1 min

Canada commits financial support to Algoma's green steel plan

Canadian government has committed Canadian dollar (C$) 420 million to help Algoma Steel become the ‘greenest’ flat-rolled steel producer in Canada.

4 mins

NMDC steel plant commissioning, demerger delayed to FY22-end

As with all other customers who offtake iron ore, NMDC has a long-term agreement for the steel plant and iron ore would be supplied at arm’s length pricing.

4 mins

GR Infraprojects sees roads, railways driving demand

“While the government’s announcement to restart work is a step in the right direction, interactions with stakeholders indicate it will be some time before normalcy returns. In 2021, the execution is expected to decline on account of low awarding in 2020 coupled with Covid outbreak.”

2 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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