Steel Insights - January 2015
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January 2015 issue Digital Access. - Magazine Details
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In this issue
NMDC: A mine of opportunities Steel Insights explores how NMDC is gearing up to meet the requirements of iron ore by enhancing production capabilities at its existing mines and opening up new ones. In a free-wheeling interview, Narendra Kothari, CMD, sounds confident of delivering the goods and achieving the targets. To put it in his own words: “I like to take challenges in a positive way…” The edition also takes a look at the Rs.6,000-crore refractory industry. Because it serves an industry whose market size is much larger, refractory-makers lose the negotiating edge, says Dr A K Chattopadhyay, Technical Advisor to Chairman, TRL Krosaki Refractories. The spotlight also turns on M&M Executive Director Pawan Goenka who divulges why the auto major lost marketshare and Amitabh S Mudgal, President, Marketing & Corporate Affairs, Monnet Ispat & Energy, who speaks about his expectations from the coal block e-auctions. Also watch out for our regular sections on coking coal prices, ferro alloys and corporates.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
