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India Drives Global Steel Demand

13.5% jump in steel consumption

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India remains the only major economy witnessing robust double-digit growth in steel consumption, registering a 13.5% increase in the first half of FY 2024-25, according to the Ministry of Steel. This strong demand aligns with India’s infrastructural ambitions but raises challenges regarding domestic production and imports.

Key Insights on Steel Demand and Production
Projected Demand by 2030:

India will require 300 million tonnes of steel production capacity to meet an estimated 265 million tonnes of demand.
Current capacity stands at 180 million tonnes, necessitating an additional 120 million tonnes of capacity.
Investment needed: $120 billion (?10 lakh crore).
National Steel Policy Goal:

Achieve 300 million tonnes capacity by 2030 to avoid dependency on imports.
Challenges: Imports and Price Depression
Surging Imports:

41.3% increase in steel imports in H1 2024-25 (4.73 million tonnes vs. 3.32 million tonnes in H1 2023-24).
Cheaper imported steel threatens domestic price stability, impacting both large and small producers.
Domestic Production:

Of the 144.3 million tonnes of steel produced in FY 2023-24:
59.16% by integrated producers.
40.84% by over 1,002 small producers across clusters, highlighting their vulnerability to low-price imports.
Quality Assurance and Policy Measures
To ensure high standards, the Bureau of Indian Standards (BIS), in collaboration with the Ministry of Steel, has:

Notified 51 BIS Standards covering 1,376 grades of steel.
Introduced Quality Control Orders to ensure that domestically produced or imported steel adheres to these standards, preventing low-quality imports.
Outlook and Strategic Importance
India’s steel demand growth underscores its rapid development trajectory, driven by urbanization and infrastructure projects. However, for sustained growth:

Domestic capacity expansion must be prioritized.
Protective policies against price dumping are essential to safeguard small and large producers.
Continued quality assurance ensures global competitiveness.
India’s trajectory positions it as a critical player in global steel markets, balancing production, consumption, and import regulation.

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SAIL Supplies 45,000 Tonne of Steel for Mahakumbh Mela 2025

SAIL had previously provided steel for the Mahakumbh Mela in 2013.

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Steel Authority of India (SAIL), a Maharatna and India’s largest steel-making public sector company, has supplied around 45,000 tonne of steel for the upcoming Mahakumbh Mela 2025, which is set to take place in Prayagraj. This total supply includes chequered plates, hot strip mill plates, mild steel plates, angles, and joists. SAIL had previously provided steel for the Mahakumbh Mela in 2013, demonstrating its on-going commitment to supporting this significant public event.

The steel supplied by SAIL will be integral to the construction of various temporary structures required for the smooth and successful execution of Mahakumbh Mela 2025. These structures include pontoon bridges, passageways, temporary steel bridges, substations, and flyovers. The key customers for this steel supply include the Public Works Department (PWD), Uttar Pradesh State Bridges Corporation, the Electricity Board, and their suppliers.

SAIL expressed its pride in contributing steel to such a large-scale event, which also stands as a symbol of the nation’s rich cultural heritage. The company reaffirmed its commitment to supporting national projects that strengthen the country’s infrastructure and promote its cultural and social welfare.

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Tata Steel Reports 8% Rise in India Sales for Q3 FY25

Sales in automotive and special products segment rose 3% to 2.3 mt.

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Tata Steel reported an 8% increase in sales in India for the December 2024 quarter, reaching 5.29 million tonnes (mt), compared to 4.88 mt in the same period last year. The growth was attributed to fresh capacity additions and higher export volumes.
Internationally, sales in the Netherlands grew to 1.53 mt from 1.30 mt, while sales in the UK declined to 0.56 mt from 0.64 mt due to operational changes. In Thailand, sales rose to 0.28 mt from 0.25 mt.
Production in India increased by 6% to 5.68 mt, supported by new capacity at the Kalinganagar facility, which added 5 million tonnes per annum (MTPA) in September. The new blast furnace is currently producing 8,000 tonnes daily and is being ramped up to full capacity. In the Netherlands, production rose to 1.76 mt from 1.19 mt, while UK production ceased as the company transitions to an electric arc furnace for cleaner steelmaking. The UK Government has approved duty-free slab imports for Tata Steel from various countries, including India. Production in Thailand was marginally lower at 0.26 mt compared to 0.27 mt.
Tata Steel also commissioned a Continuous Annealing Line in December, part of the 2.2 MTPA Cold Rolling Mill (CRM) complex at Kalinganagar, with approvals from major original equipment manufacturers (OEMs).
Sales in the automotive and special products segment rose 3% to 2.3 mt. The Tata Tiscon brand, focused on the real estate sector, saw a 20% year-on-year increase in sales, while Tata Steelium, catering to small and medium enterprises (SMEs), reported a 7% rise.
The company’s e-commerce platform for individual home builders, Tata Steel Aashiyana, posted a 37% growth in revenues, reaching Rs 21.54 billion.
Additionally, Tata Steel Netherlands’ liquid steel production included 0.12 mt from the UK operations, according to the company.
(Business Line)

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Brijendra Pratap Singh Takes Charge as NALCO CMD

Previously, Singh was director-in-charge of Burnpur and Durgapur Steel Plant.

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Brijendra Pratap Singh took charge as the chairman-cum-managing director (CMD) of National Aluminium Company Limited (NALCO) at its corporate office here. Prior to joining NALCO, Singh was director-in-charge of Burnpur and Durgapur Steel Plant and a member on the board of SAIL, a statement by NALCO said.

With over 35 years of experience in the mines and steel sectors, Singh’s strategic vision and deep industry expertise have been instrumental in advancing SAIL’s modernisation goals, driving the growth and sustainability of India’s steel sector in alignment with the National Steel Policy, the statement added.

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