Page 2 - Indian Steel Production
India produced 120 MT crude steel in FY22: Steel Minister Ram Singh
India produced 120 million tonne (MT) of crude steel during financial year ended March 31, 2022, Steel Minister Ram Chandra Prasad Singh has said. At 120 MT, the output was about 18 per cent higher compared to the country's production in the preceding fiscal year. According to official data, India produced around 102 MT steel in 2020-21. "Steel sector in India has traversed a fascinating journey from a mere 1 MT at the time of independence to 120 MT in the last (2021-22) financial year," a steel ministry statement quoted Singh as saying at National Metallurgist Award 2021 on Wednesday. The award has been instituted to recognize contributions of metallurgists working in the field of iron and steel. The areas covered in the award are manufacturing, research and development (R&D), design, education, waste management, energy conservation and their specific contribution to achieve objectives of the government's Aatmanirbhar Bharat mission. In his address, Singh further said steel ...
 "India produced 120 MT crude steel in FY22: Steel Minister Ram Singh")
JSW Steel Q3 production up 6% at 4.08 million tonnes in December quarter
JSW Steel on Thursday reported crude steel production of 4.08 million tonnes in the third quarter (October to December), marking a growth of 6 per cent quarter-on-quarter and 2 per cent year-on-year.
 "JSW Steel Q3 production up 6% at 4.08 million tonnes in December quarter")
NMDC approves demerging steel plant as Baghel protests 'privatisation'
Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.
 "NMDC approves demerging steel plant as Baghel protests 'privatisation'")
Indian steel market recovering after Covid-19 lockdowns, says Aditya Mittal
Aditya, son of steel baron LN Mittal, said that operations at ArcelorMittal Nippon Steel India's (formerly Essar Steel) Hazira plant in Gujarat are running at full capacity
 "Indian steel market recovering after Covid-19 lockdowns, says Aditya Mittal")
FY21 operating margins of Indian steelmakers to fall 200 bps to 15%: Crisil
Companies better placed to ride out slowdown now, than in previous downturn of 2016
 "FY21 operating margins of Indian steelmakers to fall 200 bps to 15%: Crisil")
Indian steel firms race to plug demand gap in China amid Covid-19 crisis
Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.
Why the world needs to cut back on production capacity of steel plants
China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India
 "Why the world needs to cut back on production capacity of steel plants")
India to be net exporter of steel in the next 3 years: Dharmendra Pradhan
At present, the country is importing around 2-3 million tonne (mt) of steel from the overseas market
 "India to be net exporter of steel in the next 3 years: Dharmendra Pradhan")
Govt's online system to monitor steel imports amid criticism from industry
The Steel Import Monitoring System (SIMS) will provide advance information about steel imports to both the government and stake holders
 "Govt's online system to monitor steel imports amid criticism from industry")
Global players cite instability, fight shy of buoyant Indian steel market
Some, like ArcelorMittal, Sumitomo Metal may enter only via insovency route, as Make in India, 300 mn tonne production target fail to impress
 "Global players cite instability, fight shy of buoyant Indian steel market")
