SteelMint Events

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  • Mines auction – what to expect from the second phase

    Mines auction – what to expect from the second phase

    Govt of Odisha has recently invited bids for the grant of 11 mineral blocks. Out of the mineral blocks put up for auction, seven are of iron ore, two iron ore & manganese blocks, one iron ore & dolomite and one bauxite block. The list includes seven virgin blocks. This move will surely enhance the iron ore availability in the country especially in a time when iron ore prices have hit a record high in Odisha. Let’s get insights from industry stalwart on the current scenario and the way forward.

    Key points of discussion –

    • Details of the mineral blocks that have been laid out for auction in Odisha
    • What is the auction timeline
    • Any major changes in rules/participation criteria
    • Status of mines auctioned in 2020

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    Speakers:

    • Dr. Umesh Chandra Jena, Joint Director of Mines, Govt. of Odisha, India
    • Somesh Biswas, Chief, Raw Materials Strategy, Corporate Strategy & Planning, Tata Steel Limited
    • Ramakrishna Chinnamshetty, Head of Mining and Business Development,AMNS India
    • Nishtha Mukerjee, GM Pricing & Index (Iron Ore & Scrap), SteelMint, India

    Date: Saturday, 31st July, 4:00 PM (IST), 6:30 PM (Singapore time), 2:30 PM (Dubai time)

  • IRON ORE : Maximizing Production from Odisha & Challenges Ahead

    IRON ORE : Maximizing Production from Odisha & Challenges Ahead

    Indian iron ore and steel industry has been going through a tough phase on tighter iron ore supplies, especially in the state of Odisha which observed the auctioning of key mining leases. The exchange of hands, logistical constraints, and the pandemic have curtailed iron ore production in the state. With just 11 auctioned iron ore mining leases being able to resume production, out of 19 mines till Nov’20, Odisha iron ore fines prices have shot up by over three-fold in the last six months. Let’s get insights from industry stalwarts on the current scenario and the way forward.

    Key points of discussion –

    • Challenges being faced by the new lessee in Odisha
    • Odisha govt’s take to ease supplies in the state
    • Status of iron ore inventories at auctioned mining leases
    • How will the change in stacking norms improve supplies?
    • When do we expect virgin iron ore mine blocks to be auctioned in Odisha?

    Date & Time – 7 Jan’21, 11 AM (IST)

    Speakers:

    • Dr. Umesh Chandra Jena, Joint Director of Mines, Govt. of Odisha, India
    • Mr. Ramakrishna Chinnamsetty, Head of Mining and Business Development AM/NS India
    • Mr. Ranjan Nayak – COO, Odisha, JSW Steel, India
    • Ms. Nishtha Mukerjee, GM Iron Ore & Scrap, SteelMint, India
    • Mr. Arun Bhatt, Editor, SteelMint, India


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  • Indian Long Steel : Short and Medium term Outlook

    Indian Long Steel : Short and Medium term Outlook

    Indian long steel prices are rallying with prices that have hit record-high levels. Raw material cost-push and supply constraints have resulted in sharp price hikes. How long will the price rally continue?

    Key points of discussions on long steel

    • What are the key factors driving steel demand?
    • Are current price levels sustainable?
    • What are export allocations of billets by Indian mills in next few months?
    • Current utilization capacity of IF based bills ?
    • What is the situation of steel inventories in the system?
    • Update on other key global markets

    Speakers:

    • Mr Nalin Gupta, Managing Director, J Kumar InfraProjects Ltd
    • Mr Sanjay Agrawal, Senior VP, JSW Steel Ltd
    • Mr Yogesh Mandhani, MD, Mahalakshmi TMT Pvt Ltd
    • Mr Ramesh Agrawal, Owner, MD – Real Ispat & Power Ltd
    • Mr Subimal Sarmah, Head Sales : TMT(E & S) & Cement, JSPL

    Date: Tuesday, 8th Dec, 3:00 PM (IST), 5:30 PM (Singapore time), 1:30 PM (Dubai time)


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  • Commercial coal mining reforms: New beginning or non-starter?

    Commercial coal mining reforms: New beginning or non-starter?

    The government has invited technical and financial bids for 38 coal blocks to be submitted for commercial mining. Sans the restrictive end-user clause in mining auctions, commercial mining is expected to boost output and rein in burgeoning coal imports. However, uncertainties persist about private participation in coal mining, especially at a time when core sectors of the economy are grappling with the pandemic-induced slowdown. Join us as we interact with our panel of experts on a plethora of pressing issues.

    Date: Saturday, 17th Oct, 11:00 AM (IST), 1:30 AM (Singapore time), 9:30 AM (Dubai time)

    Panellists:

    • Mr A.K. Jha, Former Chairman, CIL
    • Mr Somesh Biswas, Chief, Raw Materials Strategy Group, Tata Steel India
    • Mr V.K. Arora, Chief Mentor, Karamchand Thapar & Bros. (Coal Sales) Ltd.


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    Points of discussion:

    • Restrictive industry structure as a disincentive to private participation in coal mining
    • Concerns related to quality of domestic coal, grade slippage
    • National Coal Index, grade issues and rationale behind factoring in import prices in NCI
    • Will commercial miners be able to match lower prices than CIL?
    • Delay in approvals/difficulty in acquiring land as against facilities available to PSUs under Coal Bearing Act
    • Evacuation and logistical concerns around blocks to be auctioned
    • Renewables and new investments in coal mining – the broader picture
  • RBI’s Resolution Framework for COVID-19 Stress & its Implication for Downstream Steel Sector

    RBI’s Resolution Framework for COVID-19 Stress & its Implication for Downstream Steel Sector

    COVID 19 pandemic has disrupted operations across the nation and also affected the steel demand in FY 20-21 which is slated to fall by about 15%. In result, the market has encountered challenges on account of labour shortage, hampered logistics movement and poor demand. It has also resulted in significant financial stress on Indian Companies in the Downstream Steel Segment and has potentially impacted long-term viability of borrower companies, as existing debt obligations have become disproportionate to the cash flow generation capabilities.

    In order to address the situation, The Reserve Bank of India (“RBI”) has allowed a special one-time dispensation to lenders to restructure the loans of companies & individuals which are stressed specifically due to the pandemic via Circular “Resolution Framework for Covid-19 related stress” on Aug 06, 2020. Under this framework, lenders can restructure the outstanding balance debt and give borrowers more time to pay back with an extension up to 2 years of the residual maturity without classifying the account as NPA.

    Date: Thursday, 8th Oct, 04:00 PM (IST), 6:30 PM (Singapore time), 2:30 PM (Dubai time)

    Panellists:

    • Mr S.M. Sundaresan, President and Co-Head Investment Banking, InCred Capital
    • Mr V. S. Sampath Kumar, Senior Advisor, Infrastructure, InCred Capital
    • Mr Rahul Toshniwal, Associate, Special Situation Advisory, InCred Capital
    • C.A. Amit Agrawal, Partner, AUM & Co. Chartered Accountants

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    SteelMint Events in association with Incred Capital brings you, experts, to understand RBI’s Framework in detail and the necessary steps to be taken to apply for a resolution plan.

    Key points of discussion:

    • Financial stress
    • Resolution Framework for Covid-19 related stress
    • Criteria for being an Eligible Borrower
    • Eligible Lenders under Framework
    • Step-by-Step Resolution Plan
    • Live restructuring mandates