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VOL VIII ISSUE 07 JANUARY 2020
How will the steel story unfold in the new calendar?
Uppermost in our minds are the mineral auctions and the impending threat of disruptions in iron ore supply. That apart, factors like capacity ramp-ups and government plans to boost steel demand will play key roles. Automotive, construction & infrastructure and home appliances will be important players propelling steel sector growth in India. Prices, having bottomed out, can only correct themselves in the new year. Get a peek into the future in our Cover Story on pg 38.
World’s largest steel maker ArcelorMittal gets a foothold in India via the acquisition of Essar Steel, the formalities of which were completed in December. Intervista zoomed in, a couple of weeks before the deal closure, on Dilip Oommen, CEO of the new entity, ArcelorMittal Nippon Steel India, that will own and operate Essar Steel. Read the interview on pg 06.
World View, on pg 16, turns the spotlight on Pakistan’s expanding scrap demand and on Khatib Sons International’s co-founder, Hafiz-ur Rahman Khatib and his son, Munif-ur-Rehman. They feel steel demand in India’s neighbouring country will increase once government-funded infra projects kick off.
Alkaline water, marshy areas and salt-laced coastlines provide a corrosive environment for railway tracks in India. Hence, Railways is training its lens, on pg 12, on galvanised or zinc-coated rails that are an INR 1,400-crore opportunity.
Steel mills’ hopes can gain steam from Coal India’s assurance on pg 60 that the sector is a priority for the coal behemoth and that 2 MnT of coking coal have been earmarked for tranche V of the linkage auctions.
Plus, we focus on a lot more. Enjoy the read!
Find your answers in Steel 360's January edition
*Steel 360 is a monthly magazine for Iron and Steel industry professionals. Each issue comes up with an exclusive Cover Story and insightful articles from the Industry.