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Indian sponge Iron (DRI) exports to Bangladesh have witnessed a sharp  growth in CY 2019, on the back of rising steel melting capacities in Bangladesh consistently pulling up the DRI demand. On an overall basis, India’s sponge Iron exports increased...
  • January 20, 2020
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GPH Ispat, one of the major steelmakers based in Chittagong, Bangladesh was long waiting the operationalizing of their Quantum Electric Arc Furnace, the first of its kind the region, at their new steel plant in Sitakunda region. The steelmaker yesterday,...
  • January 16, 2020
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Bangladesh has started operations at its newly constructed Payra coal-fired plant, which is envisaged as the first power project to run on imported coal in the country. The Payra Plant has been implemented under Bangladesh-China Power Company (BCPCL), a special...
  • January 16, 2020
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Bangladesh’s rapid economic growth has increased the demand for electricity. But the country’s power generation plants have been unable to meet customer demand over the past decade. Bangladesh has a population of about 165 million, and in the rural areas,...
  • January 15, 2020
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Mr. Satadri Chanda, Executive Director of Megatherm since 2016, shared his views about the induction furnace market in Bangladesh and future prospects of the company’s new energy-efficient “green induction furnace” in the emerging steel industry of this country. Below is an edited excerpt...
  • January 13, 2020
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India government has notified the amended mining law which allows the seamless transfer of regulatory approvals like forest and environmental clearances to new owners of operational iron ore mines. This ordinance will come in effect from 10th Jan 2020. Download...
  • January 11, 2020
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Government of Bangladesh has intended to develop a coal terminal at Payra port to facilitate coal movement for its upcoming power station, by appointing private participants to carry out the expansion work. Payra, the third sea port of Bangladesh situated...
  • January 8, 2020
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Dr. Vinod Nowal, deputy managing director and non-independent executive director of JSW Steel Ltd is ready to set his foot into a new terrain, one that will colour his boots a rusty red. With JSW’s technical bids for six mines...
  • January 7, 2020
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The Odisha government has started afresh the process of mineral block auctions 2020. The deadline for bid submission was on 03 Jan’2020. Out of 20 iron ore and manganese ore mines put up for auction, 18 mines were containing iron...
  • January 5, 2020
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The Odisha government will issue Notice Inviting Tenders (NITs) in respect of nine virgin or freehold mineral blocks tentatively towards the second week of February. The said blocks will be offered for electronic auctions after the successful completion of auction...
  • January 4, 2020
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One of the emerging steel markets – Bangladesh is rising up to be a major importer of bulk steel coil for raw material in its cold rolling and galvanizing industries. According to data maintained with SteelMint, in Nov’19, Bangladesh’s bulk...
  • January 3, 2020
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With the dates of 2020 auction edging closer, Indian iron & steel industry is drawing up plans to make up for iron ore supply disruption. India’s largest iron ore producing state – Odisha has lined up auction for 20 iron...
  • December 30, 2019
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The Indian Bureau of Mines (IBM), Ministry of Mines, Government of India approved the Mining Plan of NMDC to enhance the production of iron ore from Kumaraswamy Iron Ore Mines from present level of 7 million tonnes per annum to...
  • December 18, 2019
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The Odisha government has called to start afresh the process of mineral block auctions on 06 Dec’19 and it is expected to restore sanity in the system of online bidding. Moreover, the revised tender rules are set to promote equal...
  • December 17, 2019
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Odisha govt finds fresh EC (Environmental Clearance) directive unacceptable. Miners feel transition delay will be only of six months A new directive, issued on November 29, by the Union Ministry of Mines, seems to have whipped up a controversy. As...
  • December 6, 2019
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Bangladesh is one of the largest ship-breaking and recycling hubs in the world, which forms an important source of ferrous scrap to the country’s increasingly scrap-dependent steel industry. Bangladesh is on a course of surpassing India to become the country...
  • November 30, 2019
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Domestic coal supplies in Bangladesh has been under scrutiny ever since government’s decision to halt coal sales to the local industries was imposed back in Mar’18, which have paved way for subsequent higher coal imports. Incidentally, Coal Shipments taken by...
  • November 29, 2019
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In order to mitigate the demand-supply gap, Bangladesh has planned a massive expansion in power sector to cater its rising electricity demand. The road-map prepared by the government envisage around 17,304 MW new generation capacity addition by 2023. Incidentally, power...
  • November 25, 2019
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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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