13th International Exhibition and Conference on
Minerals, Metals, Metallurgy & Materials
27 - 29 August, 2020
Pragati Maidan, New Delhi, India

News

17 July 2018
Australia sees iron ore prices sliding by more than 10 pct by 2020
Top iron ore exporter Australia sees prices for the steelmaking raw ingredient falling by more than 10 percent over the next two years as demand from China’s steel mills slips while domestic and Brazilian output climbs, a government report said on Monday

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29 June 2018

Sustainability and responsibility: The launching of the Standard for Responsible Mining 
A global certification program, designed to foster a sector wide drive for sustainable and ethical best practice directly at the mine site, has officially been launched.
 
The Initiative for Responsible Mining Assurance (IRMA) has officially launched the Standard for Responsible Mining, a global certification program for industrial scale mine sites.





2 Apr 2018
Metal companies feed spike in demand, prices with fund infusion 
Metal companies such as Vedanta, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL) have all been raising funds in the past month. The fund raising spree coincides with an upturn in the steel cycle as domestic demand picks up after a gap of almost five to six years. Steel prices too have perked up in tandem, with a 20% jump in last few months alone.  With a spate of government projects in affordable housing, power and railways going onstream, India’s large integrated steel producers are gearing up to add capacity. These plans form an integral part of the ambitious National Steel Policy (NSP), which aims at raising India’s production capacity to 300 million tonne per annum (mtpa) by 2030, up from 100 mtpa at present. The target involves a substantial hike in the country’s per capita consumption of steel to 160 kg from the present low of 65 kg per person, aiming for its highest growth in over a decade. 





30 Jan 2018

Bigger Gains for Aluminium Expected in 2018
As per the industry experts, Aluminium is poised for bigger gains in the current year as the metal price are further expected to increase. Aluminium reached a three-year high of USD 2,246 per metric ton in December 2017 and is further likely to increase by up to USD 150 per metric ton in 2018, supported by capacity cuts in China and increase in demand for the metal from North America and European Union region. The shortage in metal supply is expected to continue pushing the aluminium prices upwards in the current year. In India, aluminium consumption is projected to increase by 15 to 20 per cent in the coming 2-3 years.




23 Jan 2018
Metal Casting Market to Grow at 8.87% CAGR to 2025
Metal Casting Market is forecast to reach $39.94 billion by 2025 from $20.23 billion in 2017 at a CAGR of 8.87% during (2017-2025) driven by increase in vehicle light-weighting trend as a result of growing stringency in emission & fuel efficiency standards, and benefits offered by casting such as higher precision, accuracy, and excellent surface finish, increasing vehicle production and lack of alternative manufacturing processes.




19 Jan 2018
Rising Graphite Electrode Prices could Impact Steel Making
Graphite electrodes price has seen a steep increase in recent months, the increase has seen both in the global and domestic market; a month back it was around USD 2,000/MT and now it is increased steeply to USD 15,000/MT and with nil supply. To make 1 tonne of steel 2.5 to 3 kg electrodes are consumed. 






13 Sep 2017
Domestic stainless steel industry eyes higher customs duty
Domestic stainless steel industry seeks stronger support from the government as it hopes for an upward revision of basic customs duty for stainless steel, bringing it at par with duty on primary steel products, which currently attracts a 12.5 percent levy.

On Friday, the government imposed 18.9 per cent CVD on Chinese hot and cold rolled stainless steel products, effective for a period of five years.





12 Sep 2017
'Ease of doing business' is not 'ease of making money': Steel Minister 
NEW DELHI: Steel Minister Chaudhary Birender Singh today said India needs to raise per capita consumption of the commodity, while asking the industry to play ethical by differentiating between 'ease of doing business' and 'ease of making money'

Singh said: "When there was dumping in our country, many of the producers of steel became traders. Is it fair on the part of a man who...has the responsibility to produce...? Why? Because there is a possibility that without doing anything you can make easy money."
'Ease of doing business' is very different from 'ease of making money'. Each one has a role to play, he said. 





10 Sep 2017
SAIL clocks 7 per cent sales rise during April-August on output boost 
The country's largest steel maker SAILBSE 0.40 % posted a 7 per cent rise in sales at 5.5 million tonnes in the first five months of the ongoing fiscal, helped by production ramp-up 

"During this period, domestic sales showed improvement in both long and flat products enabling SAIL to increase its market share to 14.6 per cent from 13.4 per cent," the spokesperson added.
SAIL Chairman P K Singh said the steel major is gearing up to encash the conducive environment for demand as envisaged in the progressive policies of the government for the Indian economy, especially the infrastructure sector.
The PSU had recorded an 8 per cent growth in total sales at 13.14 MT in FY 2016-17.
The company had also recorded the best ever total sales figure for March 2017 at 1.575 MT, a rise of 21 per cent over the year ago.




08 Sep 2017
Countervailing duty in stainless steel flat products and step towards quality regime: Steel minister

The imposition of countervailing duty on imports of stainless steel flat products will strengthen the ongoing efforts of Indian industry to move towards 100% quality regime for better safety and health of users. 

This will provide a level-playing field to the industry to grow to its full potential after attaining 2nd largest rank in stainless steel production in world in 2016, steel minister Chaudhary Birender Singh said.
Steel Secretary Aruna Sharma said, “This is the first case of imposition of CVD on any steel product in India. This would provide the much needed relief to the stainless steel industry from the subsidized imports from China.”