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Raising the Bar for IFs
No word seems to encapsulate well enough the horror that is unfolding across
India. New Covid infections are crossing 3.7 lakh and the country is gasping from
the lack of ICU and ward beds, doctors and nurses, medicines and, of course,
oxygen. The most important story apart from India’s gargantuan struggle with
Covid is the diversion of oxygen by the integrated steel players towards hospitals,
because steel is the highest guzzler of oxygen amongst all industries. While JSW
Steel is taking a cut in production, SAIL has taken a temporary shutdown of its
Bhilai Steel Plant. Individual mills may take a production hit, but overall output
from the integrated players is not likely to be dented more than 5-7% on an
annualised basis which can be made up as the year progresses. On the other hand,
the induction furnaces (IFs) and scrap yards are looking at temporary shutdowns.
However, overall, even if steel production is sacrificed, it is being done at the altar
of saving lives.
The government has lifted restrictions on rebar supplies by secondary
producers. The stage is set for IFs to supply steel to government infra projects.
Our cover story on pg. 26 explores quality issues and the secondary producers’
confidence in the same.
World View on pg. 15 takes an indepth look at wordsteel’s April Short Range
Outlook which indicates steel demand will grow 5.8% in 2021 but for most
developed economies a return to pre-pandemic levels (of steel demand) will take a
few years.
ExperTalk, on pg. 05 shows how the MMDR Act changes will make finished steel
dearer.
Plus, we focus on a lot more..

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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