Metals & Mining

Steel exports saw a 142 per cent jump in April to 0.747 million tonnes (MT) over the corresponding month a year-ago, amid steps to safeguard domestic industry. The government has provided extensive support to domestic steel industry by way of various trade remedial measures including anti-dumping. “Export of total finished steel was up by 142 […]

Indian conglomerate Adani Group plans to begin extracting coal from the USD 16.5 billion Carmichael project in Australia in 2020-21, its Chairman Gautam Adani has said. The Group, which has interests from ports to power, would finalise by June an investment decision for the project, which has been delayed due to protests from environmental groups. […]

German engineering giant Thyssenkrupp on Friday said they are in talks with other European companies including Tata Steel for consolidation of its steel making facility in Europe. Speaking to reporters on the sidelines of a function to inaugurate a new elevator facility in Pune, Oliver Burkhard, a member of the executive board at Thyssenkrupp AG, […]

The government is planning to soon shut some of the mines of the state-owned Coal India that are relatively unsafe and produce small quantity of coal. The plan follows announcement of a safety audit of all the 418 mines in the country in the aftermath of one of the worst disasters in Jharkhand that claimed […]

India has imposed anti-dumping duty on 47 steel products, a government statement said, reinforcing New Delhi’s tough stance despite complaints from some of the targeted countries. Between April 2016 and January, India’s steel imports fell 38 per cent year-on-year, data from a government body showed, primarily due to the slew of protection measures announced by […]

The government is working on various auction models with regard to sale of coal blocks for commercial mining by private companies, a senior official said today. “We are formulating a proposal detailing the auction models to be considered by an inter-ministerial committee,” Coal Joint Secretary Vivek Bharadwaj said. An inter-ministerial panel under the chairmanship of […]

State-run iron ore producer NMDC Ltd has received the green nod for setting up of Rs 1,095 crore iron ore beneficiation plant at Dantewada district, Chhattisgarh. The company wants to set up the unit to produce iron ore concentrate (in slurry form) suitable for making pellets and transport the same through ‘slurry pipeline transporation system’ […]

ndia’s finished steel products output is likely to reach 88.6 million tonnes in the current year, registering an increase of 5.7 per cent. The country produced 83.5 million tonnes (MT) of finished steel products last year, according to World Steel Association which released its Short Range Outlook (SRO) for 2017 and 2018. Steel production is […]

Global steel demand will grow by 1.3% to more than 1.535 billion tonne in 2017, and increase by 0.9% to a little over 1.548 billion mt in 2018, the World Steel Association said in its short-range outlook on Friday. Growth expectations for all regions, outside of China remains modest, while China will likely see flat […]