Contents

6 | COVER STORY

“NMDC will increase production by more than 50% in three to four years.”

Exclusive interview of Sumit Deb, CMD, NMDC.

10 | COVER STORY

NMDC posts 8% growth in iron ore production in FY21

To see ramp-up in volume over FY22-23.

13 India imported scrap offers remain firm

14 India pig iron production up in February

15 February sponge iron output down 10.8% on month

16 February crude steel output down 10.7% on month

17 | FEATURE

Domestic steel prices ruling at discount, upside seen: analysts

China’s decision to cut export rebates is also a positive.

20 | FEATURE

Scrappage Policy to turn mandatory

May boost demand for new vehicles.

22 Iron ore prices to stay high in 2021: Aussie report

25 Packaging industry faces crisis as tinplate imports fall

26 India launches auctions for 2nd tranche of commercial coal mining

27 Fiscal ends on a high for auto sector

29 India iron ore output likely to be sufficient to meet demand

31 Tata group entities rejoin ISA

32 Seaborne coking coal offers fall in March

33 Traffic handled by major ports down 7% till February

34 Railways’ iron-ore handling up 2% in April- February

35 Global crude steel output down 7.8% in February

36 | INTERNATIONAL

China output cut pledge to create supply shortages

Plans to procure half of its iron ore from sources it controls.

38 SAIL records its best-ever quarterly performance

40 RINL achieves Rs 18,000 crore turnover in FY21

42 JSW Steel likely to spend Rs 10,000 crore for capex in FY22

45 Corporate Update

47 Expert speak

49 Government Update

51 Import export data

55 Price trend

56 Ferro Alloy data

57 Production data

59 Consumption data