Rakhi Mazumdar

Assistant Editor, ETI track the Metals and Mining space for ET. On the lookout for news breaks, I also try to step back, identify and analyse emerging trends in these sectors. I enjoy music, travelling in the mountains, books and movies. Twitter: @rakhimET Email:rakhi.mazumdar@gmail.com
  • Tata Steel emerges biggest producer for FY20; SAIL comes in second

    Tata Steel emerges biggest producer for FY20; SAIL comes in second

    Steel Authority of India Ltd (SAIL) emerged in the second spot with a production of 16.15 mt in FY20, while JSW Steel slipped to third slot with an annual production of 16.06 mt in FY20. In FY19, JSW Steel had produced 16.69 mt while SAIL had an annual production of 16.3 mt.

    CLW passed EBD trial conducted by Research Design & Standard Organisation

    CLW passed EBD trial conducted by Research Design & Standard Organisation

    The loco is equipped with a number of advanced features. This includes upgradation of power of present WAP-7 & WAG-9H loco of 6000HP to 9000HP, upgradation of traction converter, transformer with higher capacity, upgradation of traction motor with high horsepower. The frame of loco has also been upgraded to suit the upgraded equipments.

    ArcelorMittal Nippon Steel reports record output of 7.23 mt in FY20

    ArcelorMittal Nippon Steel reports record output of 7.23 mt in FY20

    In an official statement issued on Thursday the company said it attained record production volumes in FY 2019-20 despite challenging economic conditions, including the fallout of COVID-19 in the fourth quarter of the fiscal year. Pellet production reached 11.63 million tonne during FY 2019-20, up 9.4% from 10.63 million tonne in the previous fiscal.

    SAIL produced 16.15 million tone of crude steel in FY 2019-20

    SAIL produced 16.15 million tone of crude steel in FY 2019-20

    Commenting on it, Anil Kumar Chaudhary, Chairman, SAIL said: “SAIL has been continuously focussing on ramping up its steel production from the new units, which came up under modernization along with optimally utilizing the older units."

    Steel demand to fall by up to 25% due to lockdown

    Steel demand to fall by up to 25% due to lockdown

    The nationwide lockdown triggered by the Covid-19 pandemic is taking a severe toll on steel companies with experts estimating a demand slump of up to 25%, even as rating agency Moody’s has placed Tata Steel and JSW under review for a ratings downgrade.

    Steel demand to shrink 7.7% this year: Indian Steel Association

    Steel demand to shrink 7.7% this year: Indian Steel Association

    The steel demand forecast has three implicit assumptions - that the lockdown will not be extended beyond 40 days; that the government will come up with further fiscal stimulus, boosting demand and helping frontend stalled projects once the lockdown ends; and that the disruptions and challenges arising out of the lockdown will be overcome by early June.

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