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Auctions: Pitfalls ahead?
We are at a strange cusp. The vaccines are being rolled out and there is a sense of optimism with most people having dropped their masks and social distancing efforts. And yet, cases are on an upswing, denoting that the second wave of the
pandemic has gripped India. Inflationary pressures are being felt with costs of input materials rising. “Even so, another outbreak, more lockdowns and restraints, will get unbearable in spite of learning from the initial experience of living with the virus," a recent RBI article said.
In steel, the government deems auctions as the only transparent method of resource allocation. However, not a single greenfield mine, among those auctioned, has started operations. While mining costs have shot up to unsustainable levels, key mineral resources have come to be concentrated in a few hands. Therefore, the outcomes have often been unfair and inequitable – quite the opposite of what the policy sought to achieve! Our Cover Story on pg. 20 explores the auctions’ pros and cons one year down the line.
Tata Steel’s Scrap Recycling Business, in a first, is branding the material. Impact studies the brand width on pg. 10
The much-awaited Vehicle Scrappage Policy was announced recently. Industry, on pg. 14, explores how it will drive future auto sales and pollution control aspects.
Intervista, on pg. 30, focuses on Triveni Turbines’ future plans through a tete-atete with Executive Director & CEO ArunMote.
In ExperTalk on pg. 36, Paul Bartholomew, head of S&P Global Platts’ Metals Analytics division, analyses if there is a natural inflection point after months of steel price increases or are markets taking a breather before heading north again? 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.

Web: https://www.steel-360.com