Contents

6 | COVER STORY

Demand dodges Covid Curveball

Consumption of steel is reviving across most sectors pushing up prices

16 Imported scrap offers fall

17 India pig iron production down on month

18 August sponge iron production down 2.2%

19 August crude steel production down 1% on month

20 Govt, industry must join hands for sustained sector recovery: EY-CII report

23 | FEATURE

Steel makers bid for commercial coal mines

40% of mines get no response

26 | FEATURE

August steel import value touches highest since March

Imports crossed $1 billion before lockdown.

28 Car sales northbound as PV sales take lead

30 Global supply glut to pull down iron ore prices

31 Low domestic iron ore output impacts supply, prices

32 Seaborne coking coal offers move up in September

33 Traffic handled by major ports down 16.6% till August

34 Indian Railways’ iron-ore handling down 12.5% in April-August

35 | INTERVIEW

“There is lot going for green furnace in terms of performance and new features”

Satadri Chanda, ED, Megatherm discusses the state of induction furnace sector.

38 Global crude steel output up 2% in August

39 | INTERNATIONAL

Major Aussie coking coal project goes underway

15 mtpa capacity eyes China, India markets

40 Tata Steel starts commercial mining at Sukinda

41 Board restructuring to make SAIL more agile

44 NMDC reworking strategies to raise output: CMD

45 Graphite electrode makers to revive in FY21

46 Dalmia-OCL launches magnesia carbon line for steel sector

47 Corporate Update

49 Government Update

51 Import export data

55 Price trend

56 Ferro Alloy data

57 Production data

59 Consumption data