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Shaping the Future of Steel: Unveiling Chhattisgarh Steel Industry Insights & Projections

30-December-2024

Shaping the Future of Steel: Unveiling Chhattisgarh Steel Industry Insights & Projections

Mills in Chhattisgarh dependent on NMDC for procuring iron ore Major producers in state have total output capacity of 15 mntpaIndia, the second-largest steel-producing country in the world, produced 144 million tonnes (mnt) of crude steel in fisca...

Signs of Stability: Are Pig Iron Prices in India Reaching Their Floor?

18-December-2024

Signs of Stability: Are Pig Iron Prices in India Reaching Their Floor?

Indian mills conclude over 10,000 tonnes of pig iron through auction Indian mills under margin pressureIndian mills have recently concluded over 10,000 tonnes (t) of pig iron purchases through auctions, which indicated a potential stabilisation in...

Adapting to Growth: Indian Metallic Mix Shift in the Context of Rising Steel Production

12-December-2024

Adapting to Growth: Indian Metallic Mix Shift in the Context of Rising Steel Production

DRI consumption up 10% y-o-y in 7MFY'25 Domestic scrap share rises, imports edge down Share of hot metal may rise 8% y-o-y in FY'25Morning Brief: India's production of crude steel increased by close to 4% y-o-y in April-October 2024 (7MFY'25) to ...

Decarbonizing Steel: How Biochar is Reshaping the Industry

10-December-2024

Decarbonizing Steel: How Biochar is Reshaping the Industry

Ministry of Steel projects biochar demand to reach over 30 mnt SAIL engaged in extensive R&D on biochar use in iron and steelmaking Blending target may be introduced in steel sector much like power sectorMorning Brief: The Ministry of Steel has c...

Iron Ore Imports in India Soar to 6-Year High in Nov'24 on Lower Prices, Domestic Shortages

10-December-2024

Iron Ore Imports in India Soar to 6-Year High in Nov'24 on Lower Prices, Domestic Shortages

Tight supply, price fluctuations support imports Australia remains largest supplierIndia's iron ore imports reached 1.19 million tonnes (mnt) in November 2024, marking a six-year high. Volumes witnessed a sharp hike of around 153% m-o-m against 0....

Indian Scrap Consumption Rises 8% (Jan-Oct '24) Amid Growing Green Steel Momentum

30-November-2024

Indian Scrap Consumption Rises 8% (Jan-Oct '24) Amid Growing Green Steel Momentum

Share of IF-EAF mills rises versus BF route Domestic scrap consumption pulls up volume Imported material becoming scarce & costlierMorning Brief: India's ferrous scrap consumption rose around 8% in the first 10 months of 2024 (10MCY'24) to over 2...

Indian Thermal Coal Demand Grows 6% in 2024: Key Factors and Future Trends

21-November-2024

Indian Thermal Coal Demand Grows 6% in 2024: Key Factors and Future Trends

- Heat waves, drought drive up power demand- Sponge makers ride slower SA export offers-Rainy season may hamper Indonesian importsMorning Brief: India's thermal coal imports rose a nominal 6% to 151 million tonnes over January-October, 2024 (10MCY'24...

India's Iron Ore Demand to Surge 50% by 2030, Driven by Expanding Steel Production.

21-November-2024

India's Iron Ore Demand to Surge 50% by 2030, Driven by Expanding Steel Production.

India is poised to emerge as the world's 3rd-largest economy by financial year 2030-31 (FY'31). India, the 2nd-largest steel producing country in the world today, is set to achieve a notable growth by FY'30, backed by strong economic development.In F...

Shaping Steels Future: Indian Green Steel Definition Sparks Demand through Policy Support

21-November-2024

Shaping Steels Future: Indian Green Steel Definition Sparks Demand through Policy Support

Ministry of Steel (MoS) adopts star-rating system for green steel MoS to lay down mandates for green public procurement projects Govt mulling directives on green steel use in sustainable energy infraMorning Brief: India's Ministry of Steel (MoS) ...

Shaping the Future of Steel: Indian Expansion and Growth Strategy

13-November-2024

Shaping the Future of Steel: Indian Expansion and Growth Strategy

As India's economy continues to grow, so does its demand for steel-a cornerstone for the country's infrastructure and industrial sectors. By 2030, steel demand in India is projected to reach unprecedented levels, creating both opportunities and chall...

India Steel Index Shines Post-Diwali, Breaks Three-Week Losing Streak with a Strong Finish

13-November-2024

India Steel Index Shines Post-Diwali, Breaks Three-Week Losing Streak with a Strong Finish

Longs fare better amid tighter supplies Flats feel higher raw material cost heat China factor may be crucial in short termMorning Brief: After wandering in negative territory for three weeks in a row, the BigMint India Composite Steel Index close...

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