Contents 14 Imported scrap offers to India remain firm 15 Pig iron production down on year, up on month in May 16 May sponge iron output down 55% on year 17 May crude production down 39% on year 18 May steel imports value down 3% at $693 million 19 Oversupply to drive price correction in 2QFY21 20 Implied steel output loss seen at 14% in FY21: Analyst’s report 31 Seaborne coking coal offers remain rangebound in June 32 Government update 34 Traffic handled by major ports down 22% till April-May 35 Railways’ iron-ore handling down 10% in FY20 36 Global crude steel output up 9% in May on month 40 SAIL records highest ever June sales, monthly exports 42 NMDC sees sharp profit fall in March quarter, production 43 JSPL Oman stake sale to help deleverage business 44 ArcelorMittal Nippon Steel to invest `5,000 crore to expand Hazira plant 45 JSW set to fight Covid downturn with healthy margins 47 Graphite India sees demand in China rising 49 Corporate Update 50 Import export data 54 Price data 55 Ferro-alloy data 56 Production data 58 Consumption data
4 Steel Insights, July 2020
6 | COVER STORY
Iron Ore: A new paradigm From abundance to scarcity: steel makers are staring at a new normal.
22 | FEATURE
June sales promise hint of revival of Motown Amidst subdued demand, Q1 was marked by transition to BSVI.
24 | FEATURE
Coal blocks auction: Steel makers set to benefit Companies that rely on imports for coal would get supply assurance.
29 | FEATURE
Government nudges steel sector to raise usage, replace imports Atmanirbhar initiatives organised across sectors like construction, oil and gas.
37 | CORPORATE
Tata Steel to revisit capex plans in second half Upstream operations ramped up to 80% utilisation levels.
