Latest headlines from leading Indian newspapers covering energy, environment, economy, and policy aspects.
Tata Steel has tested coking coal samples from Russia for making steel through the blast furnace route, its Managing Director and Chief Executive Officer T V Narendran said.
Category : Iron and Steel
read moreSpeaking at the Virtual National Mining Summit 2020 organised by the PHD Chamber, Pradhan said: “China has become the largest producer of steel in the world. India is the second-largest, but despite this, we have to import finished goods to meet our requirement. We import raw material for special grade steel too. The newly implemented Steel Import Monitoring System (SIMS) has helped highlight some of these issues.”
Category : Iron and Steel
read moreThe Engineering Export Promotion Council (EEPC) of India has raised concerns about a recent sharp rise in steel prices. According to the council, this rise impacts India’s engineering exports that are facing challenging global markets in the face of another wave of Covid-19 pandemic in several major economies.
Category : Iron and Steel
read moreThe Indian steel market, which was hit by the COVID-19 pandemic and subsequent lockdowns, has started showing signs of recovery, RINL Chairman P K Rath has said. The pandemic had severely disrupted the steel sector in the first quarter of the ongoing fiscal, particularly in April. However, there is a recovery visible in the market with pick up in demand, Rath said.
Category : Iron and Steel
read moreThe Indian steel market, which was hit by the COVID-19 pandemic and subsequent lockdowns, has started showing signs of recovery, RINL Chairman P K Rath has said. The pandemic had severely disrupted the steel sector in the first quarter of the ongoing fiscal, particularly in April. However, there is a recovery visible in the market with pick up in demand, Rath said.
Category : Iron and Steel
read moreMoody’s Investors service has revised the outlook on the global steel industry to stable from negative as demand is gradually picking up with easing of pandemic-related lockdowns and on the back of supporting industries resuming production.
Category : Iron and Steel
read moreThe government has now made it mandatory for traders to register themselves with the Steel Import Monitoring System (SIMS) to import all iron and steel products as also certain railways related items, a move aimed at discouraging inbound shipments of such goods and promoting local manufacturing, a public notice issued on Monday said. The mandatory registration was earlier imposed on about 300 items. Now about 530 more products have been added.
Category : Iron and Steel
read moreThe demand for certain industrial commodities such as iron and steel, copper and zinc are showing signs of a pick-up globally but exports of value added products of iron and steel are continuing to decline, an analysis carried out by engineering goods exporters’ body EEPC India has said.
Category : Iron and Steel
read moreSteel Recycling Business, a division of Tata Steel, has launched FerroHaat, a first-of-its-kind mobile application, to source steel scrap from the traders. The new app is a major step by the company to organise India’s scrap market while also providing a reliable source of scrap metal for the steel Industry
Category : Iron and Steel
read moreThe global economic growth is expected to see a contraction of over 3 per cent in 2020, Tata Steel Chairman N Chandrasekaran said terming the slump as the "worst contraction" since the 1930s. A contraction in the global GDP is not at all a good sign for the global steel sector as steel demand is positively correlated with the economic growth.
Category : Iron and Steel
read more