Page 2 of 14 21st Issue Steel Re Rolling Mills Association of India visit www.srma.co.in SRMA STEEL NEWSLETTER SRMA Steel Re Rolling Mills Association of India www.sram.co.in Steel Re-Rolling Mills Association of India www.srma.co.in Email : [email protected]Sl. No, Name 1. Shri B.M. Beriwala, Chairman 2. Shri Jagmel Singh Matharoo, Vice Chairman 3. Shri Ramesh Kumar Jain, Treasurer 4. Shri Sanjay Jain 5. Shri Kailasj Goel 6. Shri G P Agarwal 7. Shri O P Agarwal 8. Shri S K Sharda 9. Shri Sandip Kumar Agarwal 10. Shri S. S. Sanganeria 11. Shri Sanjay Surekha 12. Shri R P Agarwal 13. Shri S. S. Bagaria 14. Shri Girish Agarwal 15. Shri Goutam Khanna 16. Shri Suresh Bansal 17. Shri Rajiv Jajodia 18. Shri Bhusan Agarwal 19. Shri Mahesh Agarwal 20. Shri Sita Ram Gupta 21. Shri Ashok Bardeja
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Page 2 of 14 21st Issue Steel Re Rolling Mills Association of India visit www.srma.co.in
SRMA STEEL NEWSLETTER
SRMA
Steel Re Rolling Mills Association of India
www.sram.co.in
Steel Re-Rolling Mills Association of India www.srma.co.in Email : [email protected]
International Trade and Exhibitions India Pvt. Ltd.
1106-1107, Kailash Building, 26 K.G. Marg, New Delhi- 110001, India
Tel: +91 11 40828282
Gagan Sahni: +919810036183
Varun Sharma:+91 11 40828208
Smita Roy: +91 11 40828217
Sandeep Arora: +91 11 40828227
13th International Stainless & Special Steels 2 - 4 September 2014
Hotel InterContinental
Istanbul, Turkey
AMM 8th Steel Scrap Conference 10 - 11 September 2014
Hilton New Orleans Riverside
New Orleans, U.S.A
From 28-30 October 2014, Messe Duesseldorf India with its parent company, Messe Duesseldorf GmbH {organiser of wire and
TUBE Duesseldorf, GIFA,
METEC, THERMPROCESS and NEWCAST (GMTN)} and MESSE ESSEN GmbH (organiser of Schweissen & Schneiden),
will organise 4 leading trade fairs for the metals industry in India. They are Metallurgy India 2014, Wire & Cable India 2014,
Tube India International 2014 and INDIA ESSEN WELDING & CUTTING 2014 in halls 1, 5 and 6 at the Bombay Convention & Exhibition Center, Goregaon (East), Mumbai.
Page 11 of 14 21st Issue Steel Re Rolling Mills Association of India visit www.srma.co.in
SRMA STEEL NEWSLETTER
SRMA
Steel Re Rolling Mills Association of India
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STEEL NEWS NMDC plans to boost iron ore output by two thirds
(Follow @MinesGuru on Twitter for important updates)
Reuters reported that NMDC Limited, India's biggest iron ore producer, aims to ramp up output by two thirds in five years to 50
million tonnes a year, helped by the launch of new mining facilities and expansion of existing infrastructure.
State owned NMDC's plans will add to surging global growth in output of the steelmaking raw material, although a push by the
new government to revive manufacturing and industrial growth may boost domestic appetite for iron ore.
NMDC, which produced close to 30 million tonnes of iron ore in the year that ended in March, or close to a fifth of the country's
production, aims to mine about 32 million tonnes this year and reach its target by 2018 ro 2019.
Mr Narendra Kothari, who took over as NMDC's chairman in April said that "There is a natural demand for iron ore in the
country, we don't have any shortage of demand whatever we produce, we are able to sell.”
NMDC is currently enhancing output at its three existing mines in Chhattisgarh and Karnataka and is in the process of securing
leases for mines in Jharkhand. It has also gained from curbs on illegal mining in Goa and Karnataka states plus the closure in
May of nearly half the mines in Odisha, the top producing state, ordered by the Supreme Court while leases dating back years
were renewed.
Mr Kothari said that he expects international prices for iron ore to firm up in the near term. Iron ore prices have recovered
slightly after the increase in global supply available to top consumer China pushed prices to a 21 month low of USD 89 per tonne
in June. They closed at USD 95.40 per tonne. I feel international price should remain in the USD 95 to USD 105 range for the
next six months."
NMDC, which fixes prices every month, raised its prices by up to 9% in June, taking advantage of the cuts in supply from Odisha
and elsewhere that had prompted some domestic steel makers such as JSW Steel Limited to import the raw material.
Mr Kothari said that "Our quality of iron ore is much better than anyone else in the country so we can demand a little higher price
than the market. NMDC's mines produce ore with higher iron content which are preferred by local steel mills. Every percentage
point increase in iron content improves productivity by 2 percentage points.
He said that NMDC would target exports of about 8 percent to 10% of total production a year, up from about 6 percent in the
year ended March 2013, as it seeks to focus on companies in Japan and South Korea. Demand (for exports) is much more, but
due to the requirement in the country, we are not exporting much."
Source - Reuters
Get latest updates through Twitter – Follow @MinesGuru
( www.minesguru.com)
Indian Iron Ore Mining Mess - 90 companies in CBI net
(Follow @MinesGuru on Twitter for important updates) Economic Times reported that the Central Bureau of Investigation has issued notices to about 90 firms across metros and other cities as part of its efforts to ascertain which of these companies exported iron ore illegally from Mangalore and Karwar ports between April 2006 and December 2010. Although the agency has prima facie data on allegedly illegal exports, it has asked firms located in Delhi, Mumbai, Bellary, Bangalore, Chennai, Hyderabad and Gujarat, among other places, to provide details such as the quantity of iron ore exported, vessel used and the destination.
Page 12 of 14 21st Issue Steel Re Rolling Mills Association of India visit www.srma.co.in
SRMA STEEL NEWSLETTER
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Steel Re Rolling Mills Association of India
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CBI officials said that "We have started inquiries to find out who the people are behind these excess exports. If a certain quantity was exported without the DMG's (department of mines and geology's) transport permits, the inference one could draw was it must be illegally extracted ore." CBI officials said that the agency was keen to understand from the companies the quantities for which they secured permits from the DMG. It will later compare the export figures recorded at the ports. The CBI already has all the figures in its custody, but it wants to provide the companies a chance to explain adding that the process would take about three months. It is only after hearing the companies that the CBI will decide whether it has a watertight case to go ahead with prosecution by registering criminal cases. The agency's action follows two preliminary enquiries that its Bangalore branch registered on April 29 after a reference from the state government. The state transferred the case to the CBI by an order on November 18 last year, requesting it to probe illegal extraction, transportation and export of iron ore. While most of the firms on the CBI's radar are mining companies, the agency has also slapped notices on some transporters and exporters. According to the customs data on exports available at the two Karnataka ports, 30 million tonnes of iron ore was exported from Mangalore port and about 8 million tonnes from Karwar port. However, the DMG had issued transport permit for only about 22.5 million tonnes to Mangalore port and about 5 million tonnes to Karwar. Source – Economic Times Get latest updates through Twitter – Follow @MinesGuru ( www.minesguru.com) Press Releases
ASSOCHAM urges government to review any increase in royalty rate on iron ore
(Follow @steelguru on Twitter for important updates)
The apex industry body ASSOCHAM has suggested the Finance Minister to review its budget proposal to increase the royalty
rate on Iron Ore from 10 to 15% with a view to maintain cost competitiveness and sustainable growth of the domestic industry.
In case the proposal was not dropped, 5% increase in the royalty rate coupled with 15% increase in the freight rate by the
Ministry of Railways will increase further the cost of production of steel making and will push the inflation upward which shall
have cascading affect on the Indian economy at large.
In a note submitted to the Finance Minister today, ASSOCHAM has stated that while the royalty rate on iron ore in important
mining countries such as in China and Brazil the rates were only 2% of sales, Queensland 2.7% advalorem, South Africa 3%,
New South Wales 4%, Victoria 2.75%, Western Australia beneficated ore 5%, fines ore 5.625%, lump ore 7.5%, South Australia
3.5%, while in India the rates of royalty were already 10%, highest in the world.
The chamber Secretary General Mr DS Rawat said “setting up an integrated steel plant and development of mining projects are
high risk investments as they have a long gestation period and require large investments in exploration and other development
activities before commercial production can begin. Therefore, the Steel industry should be incentivized by ensuring the
availability of secure supply of raw material at appropriate price.”
Mr. Rawat said “India is the highest taxed country amongst major iron ore producing regions with the proposed royalty rates.
Brazil, the largest iron ore producer with a domestic steel production comparable to India, has a royalty of 2 per cent. Similarly,
Australia has a royalty of 2.7 to 7.5 per cent (depending on ore type). Even South Africa has a royalty of only 3 per cent and,
therefore, there is strong case for not further burdening the industry and consumers to add avoidable inflation.”
The royalty on iron ore, until August 2009 was based on Rs/ton basis; subsequently the rates were changed to 10% of sales price.
Prior to the changes, royalty was in the range of Rs.8 to Rs. 27 per ton, depending upon the quality of iron ore.
Source – Strategic Research Institute, Steel Guru
Get latest updates through Twitter – Follow @steelguru
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SAIL chairman sets eyes on 50 million tonne mark
(Follow @steelguru on Twitter for important updates) Business Standard reported that Mr CS Verma chairman of SAIL is using the INR 72,000 crore investments in capacity expansion and modernisation as a learning curve for the bigger task ahead of achieving hot metal production of 50 million tonnes by 2025. Mr Verma said that "Historically, except for IISCO at Burnpur, SAIL has much surplus land at its other integrated steel mills. Considering the challenges of acquiring large land stretches to host new mills, we have the most important enabler, that is, space to expand capacity to at least 50 MT. The current expansion will take our capacity to 23.5 MT.” He said that “Taking it further, to 35 MT by 2020 to 2021 and to 50 MT by 2025 to 2026, principally through the brownfield (expansion) route will call for investment of INR 2 lakh crore. Our next two step expansion will synchronise with the country's vision to lift capacity to 300 MT from 96 MT now. This will present SAIL with the opportunity to induct path breaking technologies and make steel products for which we remain import dependent.” Mr Verma has floated a few ideas which, if these materialise, will put SAIL at the fore of 'frontier technology'-driven steelmakers. Due to our growing dependence on imports of metallurgical coal and compulsion to use iron ore fines in much larger quantities than at present, SAIL is according high priority to developing alternative iron-making technology, based on fines and non-coking coal. The new technology will recommend itself on grounds of economy of land use, environment friendliness, comparatively low cost of hot metal plant building and its blast-furnace route. As the process does not require sintering and coke making, emissions of sulphur oxide and nitrogen oxide will be greatly reduced and that of dust will largely be done away with. In the downstream will be mini flat mills, allowing continuous direct casting and rolling. Technology permitting, major compaction of mill operations has already been perfected by South Korean steelmaker Posco. Mr Verma, therefore, has to decide whether SAIL should go through the process of developing a technology already in existence or again attempt to partner Posco in a joint venture to make steel here, using the Finex. SAIL has already achieved high levels of land use efficiency in some areas by installing blast furnaces of 4,060 cubic meters each at three mills, by dismantling smaller ones and steel rolling. Incidentally, POSCO wants to employ Finex technology at its proposed Odisha venture. Source - Business Standard Get latest updates through Twitter - Follow @steelguru (www.steelguru.com)
India has no plan to restrict iron ore exports - Mr Vishnu Deo Sai
(Follow @steelguru on Twitter for important updates)
Parliament was informed that India does not have any plan to restrict iron ore exports as domestic output is sufficient to meet
industry requirements.
Mr Vishnu Deo Sai minister of State for Steel and Mines of India said that production of iron ore in the country is sufficient to
meet the requirement of the steel industry. Replying to another query on whether the steel industry of the country has been facing
iron ore shortfall.
He said that against production of 207.16 million tonnes iron ore in 2010 to 2011, domestic consumption of the key steel making
raw material was 107.22 MT.
In 2011 to 2012, while total consumption was 100.57 MT, total iron ore production was at 167.29 MT. India produced 135.85
MT iron ore in 2012 to 2013 and it consumed 103.59 MT. In the previous fiscal, production was 48 MT more than total