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THE AUSTRALIA BRAZIL CHINA OF IRON ORE
MAY 2016 | Vol. IV | Issue #11
THE AUSTRALIA BRAZIL CHINA OF IRON ORE
MAY 2016 | Vol. IV | Issue #11

Iron Ore is Piling on
Muted demand from sponge & steel industry, pellet manufacturers and other end-use industries in India pushed up iron ore stock in key producing states of Odisha, Karnataka, Jharkhand and Goa, to over 140 million tonne (mnt) at the end of March (estimated tally). This, even when NMDC, the largest iron ore miner in India, missed its FY16 guidance by about 7 million tonnes. Further, at a time when ore production is on an upswing, dull dispatches across states are worrying mining companies. The country's ore production moved up from 129 mnt in FY15 to 155 mnt in FY16. In 2016-17, it is expected to rise to around 180 mnt. Stockpiling also means further less demand for imported ore which reduced 62% (to about 5.6 mnt) in FY16 compared to FY15.

At the same time, China's manufacturing sector unexpectedly contracted further in April, reviving worse fears over the health of the country's economy. China is the world's biggest buyer for iron ore and the recent estimates point out increasing stockpile in the country which climbed to over 98 mnt at the end of April, the highest in more than a year, according to Shanghai Steelhome Information Technology Co. Recently in early May, prices fell sharply by ~ 9% from their April 21st highs (to ab...Read More

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Steel 360 is a premier magazine covering the Iron & Steel sector with a readership of 30,000+ across India. The monthly magazine is well read and recommended by CEOs, COOs, Directors, Purchase/Marketing heads and key decision makers involved in various businesses such as steel making, mining, trading, import/export, consulting, engineering & equipment supply, ancillary products, cement, logistics & chartering, research etc.

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VALUABLE READERS
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Vivek Agrawal
COO - Technical
Godawari Power & Ispat, Raipur
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Swaminathan Balakrishnan
JGM (Materials)
Electrosteel Castings, Chennai
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Suresh Dingra
AVP - Sales & Marketing
Mideast Integrated Steel, New Delhi
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Somesh Biswas
Head - Long Product Marketing & Sales
Tata Steel, Kolkata
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Shiv Kumar Yadav
AGM (HR & Admin)
Real Ispat & Power, Raipur
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Satish Kulkarni
CEO & MD
Lhoist India, Mumbai
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Santosh Nayak
CEO
M.S.N Impex, Bangalore
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Santosh Kumar Debta
Economist
POSCO Research Institute, Gurgaon
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Sandeep Asthana
Managing Director
DCM ENGINEERING, Rupnagar
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Sambeet Das
VP - Marketing & Sales
MSP Steel & Power, Kolkata
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S C Khanna
A.V.P. Cost Engg.
International Tractor, Ludhiana
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Rohit Mittal
President
Janki Corp, Bangalore
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Ramesh Agrawal
MD
G R Sponge & Power, Raipur
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Rama Shankar
Group Manager
Mjunction Services, Kolkata
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Rakesh Arora
MD
Macquarie Bank, Mumbai
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Rajesh Gupta
Director
Lloyds Steel & Energy, Mumbai
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Radheshyam Agarwal
Managing Director
R S Ispat , Kolkata
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R Manohar
Managing Director
Sanmuga Transport Pvt. Ltd.,
Chennai
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R C Goyal
Chairman
BDG Metals & Power, Kolkata
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Pranit A Shinde
Assitant Manager (Purchase)
Saint Gobain Gyproc India, Mumbai
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Piyush Lodha
Managing Director
Landmark Enterprise, Kolkata
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Pawan Kumar Keriwal
Managing Director
Chandranchal Enterprises,
Chandigarh
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Nirmalaya Mukherjee
President
Monnet Ispat & Energy, Raigarh
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Nirmal Agarwal
Director
Adhunik Metaliks, Kolkata
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Narendra Kothari
CMD
NMDC, Hyderabad
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Naman Saraf
VP-Sales
Aryan Mining & Trading Corporation,
Kolkata
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Manoj Agrawal
Managing Director
Adhunik Metaliks, Kolkata
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Manoj Agrawal
CMD
Mahendra Strips, Raipur
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Manish Dalmia
Sr. Manager (Commercial)
Bhushan Power & Steel, Kolkata
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M. Natarajan
CEO
Haldia Coke & Chemicals, Chennai
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Kunal Mittal
Managing Director
SBM Group of Companies, Guwahati
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Jaydeep Kavadi
Senior Manager
YES Bank, Mumbai
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Hari Krishna Sammidi
Manager
Jindal Steel & Power, Raigarh
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H N Mishra
Head Information Service
Tata Iron & Steel, Jamshedpur
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G.V. Kiran
Ex. Vice President
Brahmani River Pellets, Jajpur
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Dhawal Doshi
Vice President
Phillip Capital , Mumbai
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Devanand Chauragade
GM-Marketing
Hira Ferro Alloys, Raipur
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D K Singh
MD and CEO
Refractories Dynamics, Pune
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C S Panigrahi
Country Head
Scholz AG, Kolkata
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Brajesh Sohrot
Dy. President (Procurement & SCM)
Kalpataru, Mumbai
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Bharat Tank
Countary Head-Marketing (E & P Division)
Electrotherm (India), Ahmedabad
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Bhaktimay Lahiri
Ex.GM and Retired Steel Executive
Arcelor Mittal, Kolkata
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B R Pattnayak
Head (Commercial)
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Corporation of Odisha, Bhubaneswar
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Avinash Deshpande
General Manager
Reliance Industries, Mumbai
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Avinash Chandra Gupta
Managing Director
Shri Badrinarain Alloys & Steels,
Kolkata
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Avinash Bhandari
JMD
Electrotherm (India), Ahmedabad
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Ashok Jain
Managing Director
Diamond Shipbrokers, Mumbai
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Ansuman Pattnayak
Executive Officer
POSCO India, Bhubaneswar
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Aditya Malhotra
Director
Amtek India, Pune
Testimonials
Good to see some text on new technologies. It keeps us updated.
Parmanand Agrawal,
The magazine is really very informative. Wish you good luck.
G.S. Khuntia, Director
Excellent and very accurate reporting. Kudos to your market analysts.
S.N. Agrawal, Associate VP (Procurement)
Steel 360 is informative as well as value adding. Your efforts on gathering data are very much appreciable.
Muralidharan Nambiar, Manager, Global Sourcing
Steel 360 is really a good read. The information that you provide is very accurate.
Manas Pradhan,
The magazine has got a very rich content. This is what we were looking for from a long time.
Shailendra Kumar Sinha, Sr. Geologist
There is so much to know about Steel these days. Thank you for consolidating such useful data.
Rambabu Kankani, Broker
Very informative and concise. All the very best.
Ramesh Iyer,
We were waiting for such a magazine on Steel. Look forward to some good read.
Amit Agrawal,
Great read. I wish the Steel 360 team very best.
Harsh Chauradiya,
We think the magazine is very useful. Keep up the good work.
B. Prabhakaran,