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Flat steel sales, scrap output hit a bump

There is a bloodbath in autoville. Barring October 2018, domestic passenger
vehicle sales have been in slowdown mode since July last year, which means more
than a year's agony for the country's auto manufacturers. Such a scenario is
bound to have an impact on two areas. One is sales of flat steels and two, scrap
generation from new vehicle manufacturing. Cover story traces this auto graph on
pg. 38.

In Intervista, we turn the spotlight on Rahul Mittal on pg. 48 who recently took
over as Chairman of the Sponge Iron Manufacturers Association, and expects a
lot of investments to happen in DRI-based mini integrated plants. In a tête-à-tête
with Zubein Buhariwalla, CEO of Federal Engineers, on pg. 18, we learnt their
machines do not need maintenance contracts.

There is healthy demand for Indian-origin pellets by Chinese steel makers.
Based on the exports numbers reported in Q1, FY20, it is likely that India's pellets
production and exports will surpass the FY19 figures. Read this Product story on
pg. 30.

Tepid domestic demand forced Turkey, the world's largest scrap importer, to
turn to exports. But here too protectionism from the US and Europe turned this
measure into an uphill task. World View traces the vagaries of the steel industry
in this country straddling east Europe and West Asia. Details are on pg. 22.
Plus, we focus on a lot more. Enjoy the read!

Steel 360 Magazine Description:

Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.

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