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How Green is my Steel?
September-October generally signals the onset of India’s core festive season,
when sales in steel-consuming sectors like consumer durables and auto
traditionally spiral. Even while India’s GDP contracted by a record 23.9% in Q1
against 3.1% in January-March, 2020, present macro indicators like overall
exports and rail freight are likely to show month-on-month improvements in
September over August. Passenger and two-wheeler sales in September were up
20-22% over August but consumer durables recovery could be slow. The
downside is, economy watchers fear demand could fall back post-festive season.
A lot has been happening in iron ore. A key development is that Odisha, India’s
key state in terms of this precious mineral reserve, is grappling with a supply
crisis that threatens the survival of scores of secondary steel units, pellets and
sponge iron producers. Domestic prices too are consequently rallying. The Odisha
government has given a month’s relief till October 31 to ex-lessees of mines
auctioned in February to evacuate stocks and equipment. The mines ministry has
sought feedback on the “proposed reforms” to the MMDR Act, but what do the
iron ore-producing states feel? Globally, China’s construction boom is pushing up
prices to record highs. Spotlight tracks the developments across pgs 05, 23, 56
and 60.
A unique feature of the Indian steel industry is the huge scale of production
through induction furnaces. India is the first and perhaps only country using IFs
to make mild steel. Cover story, on pgs 34 and 40, explores green IF options and
possibilities of steel refinement through this route.
Full recovery in real estate is not yet round the corner as Industry finds out on pg
09.
Plus, we focus on a lot more. Enjoy the read!
Steel360 wishes its readers a very happy Durga Puja &
Dusshera.

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