The major issues that the Indian iron & steel industry has been facing for the last couple of years has been summarized below.   1. Cheap Imports: Indian ports have been stormed with cheaper steel from many neighboring nations especially China, Korea

Global pig iron exporters are exploring Bangladesh market on account of rising steel making capacities in the country. Recently, Steel Authority of India Ltd (SAIL), government owned and India’s largest steel maker has exported around 17,500 MT pig iron bulk vessel to

Iran, the largest crude steel producer in the Middle East and world’s 2nd largest DRI producer, has enough availability of cheaper electricity and abundant supply of natural gas, which drives the production of low conversion cost of pellets to DRI. It, however,

Indian pellet exports gear up in June’15. Essar Steel’s Pellet exports were recorded at 314,400 MT via 6 shipments. Essar Steel, one of the largest pellet producers with a capacity of 14 MnT pa, is playing a major role in Indian pellet

Iran, the 2nd largest DRI producer in the world and largest in the Middle East, has large scale DRI expansion plans owing to ample availability of natural gas at cheaper rates. The gas based DRI plants use 100% DR grade pellets, which is

Rising supply of low cost Iron ore from Brazil and Australia, which accounts for nearly 80 percent of seaborne exports, coupled with subdued demand from Chinese steel mills have brought down Iron ore prices to a 10-year low of USD 47/mt CIF

The impact of the new Foreign Trade Policy (FTP), which reduces export incentive on Ferro Alloys, is being weighed by the market. Indian Silico manganese prices remain stable as the market awaits implications of the new policy to manifest themselves. New FTP

  Apparently, FY15 did not fare well for the Chrome ore industry. Taking a fall of about 28%, total Chrome ore production in India stood at approximately 2 MnT this fiscal. In FY14, India produced 2.8 MnT of Chrome ore and Chrome

With FY15 ending, chatter surrounds the Indian import-export scenario. Picking out Manganese ore import in the last fiscal, what’s apparent is that the scenario that presented itself during last year, sure did change the figures vis a vis production and import of

Will Indian Silico Manganese Exports offers fall further? The present doesn’t look too shiny for Indian Silico Manganese and the future is unpredictable. Low export offers and domestic prices together are giving SiMn market a hard time. As Indian Silico Manganese export