SteelMint Events

Category: Engage

  • Will India’s steel exports hit an all-time high in FY 22?

    Will India’s steel exports hit an all-time high in FY 22?

    With the world’s top steel producer China removing export tax rebates for 23 steel products from Aug 1, the second adjustment in three months as it seeks to ensure domestic supply while controlling output to curb emissions, experts are upbeat about demand for India’s steel exports for the current financial year. China’s move has paved the way for India to enter into the new global markets where the former has dominant market share. India’s total steel exports stood at around 19.15 million tonnes (MT) in FY 21 and in the first half of FY 22 itself, steel exports have breached the 10 million tonnes mark.

    Speakers:

    Mr. Rajeev Vyas, Founder & MD Vinar Overseas Pvt. Ltd

    Date: Tuesday, 19th Oct, 3:30 PM (IST), 6:00 PM (Singapore time), 2:00 PM (Dubai time)

    Key points of discussion:

    • Impact of China’s removal of steel exports tax rebate on Indian Steel Industry
    • Europe Quota – Current scenario and outlook for H2 FY’22
    • Update on South East Asian markets
    • Russian exports offers and its impact on Indian steel exports prices
    • New markets and upcoming challenges in H2 FY’22

     

    Register button

  • Where are global iron ore prices headed for rest of CY’22?

    Where are global iron ore prices headed for rest of CY’22?

    China’s crude steel output was 1.065 bn t in 2020. In H1 CY’21, China produced 563 mn t of crude steel, a y-o-y increase of 59.121 mn t, or 11.8%. If the annual crude steel output in 2021 is required not to exceed that of 2020, the crude steel output in H2 will have remain at about 502 mn t. Therefore, crude steel output in the second half of this year will have to decrease by at least 64 mn t, y-o-y. Now, if we factor in the increase in Chinese domestic iron concentrate production by 1.5 mn t this year, the actual import of iron ore can be reduced by about 150.58 mn t. Assuming that the iron ore import rate remains same vis-a-vis last year, (623 mn t in H2 of 2020), the import volume can be reduced by about 24% y-o-y in H2 of 2021.

    Speakers: Mr Wu Jingjing, Deputy Director General, International Cooperations Department, CISA

    Date: 19 Oct, 11:00 AM IST

    Key points of discussion:

    • Impact of increasing supplies
    • How will Chinese steel production cut impact iron ore demand?
    • Will a rise in scrap consumption lower iron ore demand in China?

    Register

  • Changing trade dynamics of global ferrous scrap market

    Changing trade dynamics of global ferrous scrap market

    The total global seaborne trade in ferrous scrap in the first half of calendar year 2021 (H1CY’21) is up 11% y-o-y to 33.22 million tonnes (mn t), compared to 29.91 mn t seen in H1CY’20, as per SteelMint’s data.

    In the full year of 2020 (CY’20), the total volume was almost 66.36 mn t, a marginal increase of 1.3% against 65.5 mn t in CY’19. However, in a Covid-scarred CY’21, plagued by infections, lockdowns and low steel consumption, imports of ferrous scrap – provided H1 volumes sustain or increase marginally in H2 – are expected to remain almost flat. We expect total global trade ferrous scrap to be in the range of 66-68 mnt for the year 2021.

    Speakers:

    Mr Zain Nathani, Director, Nathani Group of Companies & Vice President, BIR-Ferrous Division
    Mr Abhijeet Mahanta, Head – Ferrous, European Metal Recycling (India, Bangladesh)

    Date:

    18 Oct’21 , 12:30 (IST)

    Key points of discussion:

    • Demand-supply scenario
    • Price outlook
    • Emerging markets and shifts in trade dynamics

    Register

  • What does China’s steel production cut mean for global markets?

    What does China’s steel production cut mean for global markets?

  • Indian Auto Recycling Industry: Current Trends, Opportunities & Challenges

    Indian Auto Recycling Industry: Current Trends, Opportunities & Challenges

    Media Partner

    With the formal launch of the National Automobile Scrappage Policy in Gujarat’s Gandhinagar on 13 Aug’21, Prime Minister Narendra Modi described it as a key step towards ensuring self-sufficiency in domestic manufacturing. The policy also aims to improve fuel efficiency and reduce cost of components for the auto industry. The scheme also proposes several incentives that owners can avail of after producing a scrapping certificate including the scrap value for the old vehicle, which is expected to be around 5-6% of the price of a new vehicle. Additionally, experts are of the view that the scheme would greatly boost India’s domestic scrap generation.

    Speakers: Mr Yogesh Bedi, Chief, Steel Recycling Business, Tata Steel
    Date: 22 Oct’21 on 2:15 PM IST

    Key points of discussion:

    • Key updates on policy
    • How will it boost India’s domestic scrap availability?
    • Impact on demand of imported scrap in India

    Register button