In this issue

Good times for steel makers to continue.
Views of industry experts on current sector upcycle.

Also read:
• PLI scheme to reduce import dependency.
• ArcelorMittal sees 60% jump in quarterly EBITDA.
• Godawari Power plans project under PLI scheme.
• Graphite electrode sector sees demand rising.
• Jindal Stainless group goes for major capex plan.

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

Good times for steel makers to continue

Has the steel upcycle hit a plateau?

10+ mins

India June crude steel production up 21.4%

India’s crude steel production stood at 9.362 million tons (mt) in June 2021, up 21.4 percent over June 2020 and 3.4 percent over May 2021, provisional steel ministry data showed.

2 mins

Stressed plants acquired via IBC seeing faster turnaround

Stressed steel plants acquired under the Insolvency and Bankruptcy Code (IBC) resolution process are seeing faster returns, says rating agency CRISIL in a research.

2 mins

Iron-ore handled by major ports up 18% in Q1

The 12 major Indian ports handled 18 mt of iron-ore during Q1 of FY22, up by 14% as compared to 15 mt recorded in the corresponding quarter of FY21, according to data released by IPA.

1 min

Railways' iron-ore handling up 57% in Q1

Indian Railways in Q1 FY22 transported 57% more iron ore at 45 mt over 28 mt during Q1 of FY21. Revenue earnings from transportation of iron ore during Q1 of FY22 grew 69% to ₹3,743.60 crore.

1 min

Global crude steel output down 4% sequentially in June

China manufactured 94 mt in June, increase of 2% over last year and India’s production in June was up by 21% on year to 9 mt.

1 min

AM/NS develops India's first indigenous specialist-grade steel plates for NPCIL

Nuclear power assumes strategic importance in order to unlock national energy efficiency potential. Owing to the criticality of the service applications coupled with lack of specialist manufacturing facilities among domestic plate mills, the Indian nuclear program has always imported critical alloyed steel grades from steel mills in Europe.

5 mins

Liberty rides sector upcycle towards turnaround

Bolstered by strong demand and record prices for steel, iron ore, and aluminium in global markets, alongside improvements in systems and operations, Liberty Steel group, owned by Sanjeev Gupta, is now on a turnaround path being overseen by a Restructuring and Transformation Committee.

5 mins

S&P sees Tata Steel EBITDA hitting ₹1 trillion by FY23

Global rating agency Standard & Poor sees Tata Steel’s EBITDA hitting ₹1 trillion over fiscal 2022 and 2023 despite likely correction in global steel prices. The consolidated EBITDA of Tata Steel in FY21 was ₹30,892 crores or about ₹309 billion.

2 mins

SAIL biggest beneficiary of high prices: analysts

Volume pressure remains

4 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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