The major issues that the Indian iron & steel industry has been facing for the last couple of years has been summarized below.   1. Cheap Imports: Indian ports have been stormed with cheaper steel from many neighboring nations especially China, Korea

Global pig iron exporters are exploring Bangladesh market on account of rising steel making capacities in the country. Recently, Steel Authority of India Ltd (SAIL), government owned and India’s largest steel maker has exported around 17,500 MT pig iron bulk vessel to

The seaborne iron ore market crashed to an all time low of USD 44/mt level for Fe 62% Fines, CIF China, in early July 2015 on falling Chinese steel prices and increased low cost supplies from large iron ore miners. The prices

Iran, the 2nd largest DRI producer in the world and largest in the Middle East, has large scale DRI expansion plans owing to ample availability of natural gas at cheaper rates. The gas based DRI plants use 100% DR grade pellets, which is

Rising supply of low cost Iron ore from Brazil and Australia, which accounts for nearly 80 percent of seaborne exports, coupled with subdued demand from Chinese steel mills have brought down Iron ore prices to a 10-year low of USD 47/mt CIF

The impact of the new Foreign Trade Policy (FTP), which reduces export incentive on Ferro Alloys, is being weighed by the market. Indian Silico manganese prices remain stable as the market awaits implications of the new policy to manifest themselves. New FTP

  Apparently, FY15 did not fare well for the Chrome ore industry. Taking a fall of about 28%, total Chrome ore production in India stood at approximately 2 MnT this fiscal. In FY14, India produced 2.8 MnT of Chrome ore and Chrome

With FY15 ending, chatter surrounds the Indian import-export scenario. Picking out Manganese ore import in the last fiscal, what’s apparent is that the scenario that presented itself during last year, sure did change the figures vis a vis production and import of