Contents

6 | COVER STORY

Iron Ore: A new paradigm

From abundance to scarcity: steel makers are staring at a new normal.

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

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.

31 Seabor ne coking coal offers remain rangebound in June

32 Government update

34 Traffic handled by major ports down 22% till April-May

35 R ailways’ iron-ore handling down 10% in FY20

36 Global crude steel output up 9% in May on month

37 | CORPORATE

Tata Steel to revisit capex plans in second half

Upstream operations ramped up to 80% utilisation levels.

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 d eleverage business

44 ArcelorMittal Nippon Steel to invest Rs 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 P rice data 55 F erro-alloy data

56 P roduction data

58 Consumption data