As the government aims at lowering coal imports, improving Indian coal quality by way of washing is a plausible technique. CIL will be setting up 15 coal washeries to that end. Use of blended coal in power plants is being sought after by the government, although challenges lie therein. Steel 360 reached out to Mr […]
Will Steel be Pulled Out from FTAs with Japan & Korea?
Over the past three years, Indian steel industry has been reeling under immense pressure of cheaper steel imports, especially from China, Japan, Korea, and Russia. The scenario is such that the country’s steel biggies are suffering from huge losses with monstrous unpaid debts sitting on their balance sheets. Many smaller players have either shut shops […]
Steel Melting Expansions in Bangladesh
The steel industry in Bangladesh is currently experiencing an upsurge in demand. This growth is driven mostly by government spending on infrastructure projects, which accounts for 40% of steel consumption in Bangladesh. According to a recent study, it was assessed that over 2 mnt fresh steel melting capacities are expected to come up in the […]
India’s Top 5 Iron Ore Producers in FY16
Reopening of suspended mines strengthened India’s iron ore production by 20% y-o-y in FY16. The country’s iron ore production increased to 155 mnt in FY16 against 129 mnt in FY15. 1. FY16 28.6 mnt FY15 30.4 mnt Y-O-Y 6 % ⇓ NMDC: Iron ore production by India’s single largest iron ore producer, National Mineral […]