Blog

Bangladesh’s newly-constructed first unit of Payra coal-fired power plant has been completed and is scheduled to start commercial operation in December this year. We have a target to add 660 MW electricity from the first phase of 1,320 MW Payra...
  • November 19, 2019
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Bangladesh, an emerging steel market and one of the growing importers of ferrous scrap in Asia, has witnessed a sharp increase in bulk ferrous scrap imports in 2019. During the period of Jan-Oct’19, bulk scrap imports to Bangladesh have been...
  • November 6, 2019
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Indian sponge iron exports have observed a sharp jump of 62% in first six months of FY20 (Apr-Sep’19) against the same period last year, according to data maintained with SteelMint. Exports have increased on account of rising demand from neighboring...
  • November 6, 2019
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In a move that aims to spur growth of vehicle recycling agencies across the country and increase adoption of electric vehicles, the Ministry of Road Transport and Highways (MoRTH) has proposed a draft notification for scrappage of vehicles older than...
  • August 1, 2019
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China, the world’s largest ferrous scrap consumer, has witnessed a jump in its domestic ferrous scrap prices to above USD 400/MT, a record new 2019 high following supply tightness amid seasonal issues, high utilisation rates for electric arc furnaces (EAFs)...
  • July 27, 2019
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Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel grade pig iron, is battling raw material crisis on financial issues. Sources privy to the development said, NINL is battling hard to buy iron...
  • July 26, 2019
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Iran’s steel industry has been growing rapidly in recent years in line with the country’s ambitious plan to raise output to 55 million tonnes per year by 2025.The country’s crude steel output in 2018 stood at around 22.8 MnT, registering...
  • July 23, 2019
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The hype around graphite electrodes demand and prices that started in the latter half of 2017 due to supply-side structural changes in China seems to have subsided with GE demand exceeding supply in China and country’s subsequent exports of its...
  • July 18, 2019
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Vehicle recycling is gaining momentum in India. The country’s first vehicle recycling facility was formed by a joint venture between Mahindra Accelo and MSTC Ltd, a Government of India enterprise. SteelMint, caught up with Mr. Vijay Arora, Vice President, Strategy,...
  • July 13, 2019
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The Ministry of Steel has prepared a draft steel scrap policy, envisaging a framework to facilitate and promote the establishment of ferrous scrap/steel scrapping centres in India. Availability of right quality of scrap, in adequate quantity, is one of the...
  • July 8, 2019
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It seems that the slowdown in steel demand and plunge in graphite electrode (GE) prices over the past few months are hitting Indian electrodes manufacturers as, according to some market sources, there is news that Graphite India is contemplating production...
  • July 4, 2019
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Bangladesh, one of the emerging steel markets in Asia, has been witnessing a rapid increase in steel production capacities since the last couple of years. Rising steel-making capacities are driving raw material imports like steel scrap, pig iron and DRI...
  • November 6, 2019
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Mughal Iron & Steel Industries Ltd. is Pakistan’s largest steel producer and perhaps the largest importer of scrap as well. From a modest beginning as a trading company in 1950, it moved to steel production and today it plays a...
  • June 25, 2019
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It seems that the tables have turned for the global graphite electrodes manufacturers including that of India as after enjoying the price buoyancy for almost two years, the same are falling freely without any restraint. Now as per the latest...
  • June 24, 2019
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SteelMint has learnt that Russian electrodes major, Energoprom (EPM) Group along with the Ministry of Industry and Trade of the Russian Federation and Government of the Rostov Oblast has signed a special investment contract for the modernization of production of...
  • June 18, 2019
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The Global events have continued to affect Price dynamics of Steel Industry in 2019. There prevails turbulence and uncertainty as we face the big question of how will the market pan out in 2020? Amidst Trade Wars caused by US...
  • June 13, 2019
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Amid the increased graphite electrodes supplies from China and subsequent fallin global GE prices, Japan’s key electrodes manufacturer, Showa Denko has decided to improve its Carbon division’s production facilities in Europe with a planned investment of 5 billion yen. The...
  • June 13, 2019
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With the GE prices in China falling since November last year and then becoming stable over past one month, the big question hovering is where is the country’s electrodes prices are heading to. To get an answer to this let...
  • June 10, 2019
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The upheaval in graphite electrodes demand in past two years and a steady surge in the requirements for graphite anodes for lithium-ion batteries in China has boosted the needle-coke demand in the country. In 2018, the overall performance of China’s...
  • June 11, 2019
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IMO 2020 is likely to exert pressure on the main consumers of needle coke – the GE and lithium-ion battery industries At a time when it seemed that the panic in the global Graphite Electrode (GE) industry had subsided and...
  • June 3, 2019
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The political friction between the US and Iran took a turn for the worse in the beginning of this month with the former imposing a new round of sanctions on Tehran, severely restricting the Islamic Republic’s trade with other countries....
  • May 29, 2019
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Tata Steel – Thailand is one of the renowned names in manufacturing of long steel products. SteelMint in interaction with Mr. Rajiv Mangal, President & CEO of Tata Steel (Thailand) Public Company Limited learned about his views on ramp up...
  • May 24, 2019
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There is a distinct possibility of low-grade Chinese GE flooding the Indian market with the duty hike imposed by the US on Chinese imports. Adding a new chapter in the ongoing trade war between two major global economies, the US...
  • May 23, 2019
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Li Shubin, Executive Vice President and Secretary General of China Waste Steel Application Association pointed out that China’s waste steel resources utilization level has achieved new breakthroughs, and the development of the “13th Five-Year Plan” of the scrap steel industry...
  • May 17, 2019
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In its Q1 2019 earnings call held recently, US-based Graphite Electrode (GE) major GrafTech highlighted the company’s sales and financial performance, market prospects in the short term and the likely risk emerging from the upcoming Chinese GE additions. Listed below...
  • May 17, 2019
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South Korea – world’s 2nd largest ferrous scrap importer after Turkey has witnessed sharp rise in ferrous scrap imports from US in Q1’2019. South Korean ferrous scrap imports hit a record volume of more than 4 years high in the...
  • May 10, 2019
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EAF steelmaking in China has witnessed considerable capacity enhancements of late mainly due to the surging environmental concerns and the burgeoning demand for higher grades and specifications. From the current 12%, crude steel produced through the EAF route is expected...
  • April 24, 2019
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Graphite Electrodes is an indispensable part of steel making through the EAF route – and it’s evolving all the time in China. In tandem with Needle Coke quality improvements opening up previously unimaginable trade possibilities. SteelMint with delegates from world...
  • April 18, 2019
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New Delhi — India is talking clean-ups. India is talking environment. India is talking recycling. While the government is expected to bring in new laws on scraping and end-of-life vehicles soon, some corporate houses have already taken the first steps...
  • April 18, 2019
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Mr. Tao Jiangshan, deputy secretary general of China Association of Metalscrap Utilization (CAMU) – DRI Working Committee, has been engaged in DRI production and consultation for 23 years. Mr. Jiangshan set up Tianjin Overworld Technology Consulting Co Ltd and also worked...
  • April 6, 2019
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