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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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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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