India’s sponge iron manufacturers have appealed to the federal government to restrict the exports of iron ore pellets.
Such a move would help cut the price of steel and increase consumption in the domestic market.
Author Archives: Sohrab Darabshaw
Indian sponge iron manufacturers ask government to restrict iron ore pellet exports
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- Market Analysis
- Category:
- Exports, Ferrous Metals
India inaugurates new 750 MW solar park as it aims to grow domestic industry
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- Industry News
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- Green, Public Policy
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A few days ago, India took one more step in the clean energy direction when Prime Minister Narendra Modi inaugurated one of the world’s largest solar parks in Rewa in central India.
India’s Modi announces launch of auction for 41 of the country’s coal mines
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- Commodities, Public Policy
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India’s coal sector is in the limelight following a series of recent government decisions.
A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year.
Tata Steel posts $163M quarterly loss as pandemic continues to pressure steelmakers
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- Industry News
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- Company News, Ferrous Metals, Metal Prices
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One of India’s biggest steel conglomerates, Tata Steel, has posted a “higher than expected” consolidated net loss during the January-March 2020 quarter of approximately U.S. $163 million.
Compare this to its net profit of about U.S. $311 million reported during the same period last year and one can understand the enormity of the situation.
India slaps anti-dumping duty on steel products from China, South Korea, Vietnam
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- Industry News
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- Anti-Dumping, Ferrous Metals, Metal Prices
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India has imposed definitive anti-dumping duty on certain steel products imported from China, South Korea and Vietnam after an investigation established these items caused injury to domestic producers.
India launched its first natural gas exchange earlier this week. The Indian Gas Exchange (IGX) is a nationwide, online delivery-based gas trading platform for delivery of natural gas, Zee News reported.
Adani Green Energy expected to invest $6B toward Indian solar power projects
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- Industry News
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- Company News, Green
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India’s onward march to boost its renewable energy capacity and build domestic capacity for making solar equipment got fresh impetus when Adani Green Energy Ltd won a bid to make 8 GW of photovoltaic solar power projects over the next five years.
India imports about 90% of its solar equipment today, so this development could serve to lessen that import dependence.
World Steel Association forecasts 18% decline in Indian steel demand
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- Industry News
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- Ferrous Metals, Metal Prices, Public Policy, Supply & Demand
Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%.
A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported.
COVID-19 outbreak casts shade on India’s solar power sector
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- Industry News
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- Green
The COVID-19 pandemic has taken its toll on India’s solar power program.
Indian government launches coal reforms, aims to save on imports
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- Market Analysis
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- Commodities
Sector experts in India are hailing the new coal mining and mineral sector reforms announced a few days ago by the country’s finance minister, believing the reform will open up commercial coal mining, attract investments and save on India’s import bills, thus pushing self-reliance in coal production.