Editor's Note

Dear Readers,

Vezzani, a market leader in high capacity and productivity shears for the scrap business, has launched its latest innovation – the new Vezzani VS. The June newsletter of Iron & Steel Review provides a sketch of it.

The June newsletter gives a glimpse of the Indian steel industry’s performance during the first month of the current fiscal.

In another instance, a leading steel firm in India and a premier global technology provider have some fresh updates. Read the June newsletter to find them out. 

Santosh Mahanti, Editor & CMD

CONTENTS


Zircar Rewriting the Growth Story of the Indian Refractory Industry

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Iron & Steel Performance for April 2022

The Ministry has initiated the preparation of the framework document for the development of multi-modal connectivity, as envisaged under the PM Gati Shakti National Master Plan so as to provide integrated and seamless connectivity for the movement of much larger volumes of raw materials and finished products emanating from the enhanced production capacity of 500 Million Tonnes (MT) for the steel industry envisioned over Amrit Kaal, i.e. by 2047.

Production & Consumption Scenario

In April 2022, the output of crude steel declined by 10.9% from March 2022. During the month under review, production and consumption of finished steel decreased by 12.9% and 8.1%, respectively, from March 2022.

Export-Import Scenario

During April 2022, export and import of finished steel fell by 37.8% and 6.8%, respectively, from March 2022. India was a net exporter of finished steel, recording a net trade surplus of 4.16 Lakh Metric Tonnes in April 2022.

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Tata Steel Completes Rs. 12,100-Crore Acquisition of NINL

Tata Steel Long Products Limited (TSLP), a subsidiary of Tata Steel, has completed the acquisition of 93.71% in 1 Million Tonnes Per Annum (MTPA) Neelachal Ispat Nigam Limited (NINL) from MMTC Ltd., NMDC Ltd., MECON Ltd., Bharat Heavy Electricals Ltd., Industrial Promotion and Investment Corporation of Odisha Ltd., Odisha Mining Corporation Ltd., President of India and Government of Odisha for an aggregate consideration of Rs. 12,100 Crores.

The acquisition has been completed as per the terms and conditions of the share sale and purchase agreement entered on March 10, 2022, and in accordance with the process being run by the Department of Disinvestment & Public Asset Management (DIPAM).

Located in the close proximity to Tata Steel’s state-of-the-art facility at Kalinganagar, NINL is a strategic acquisition for Tata Steel as it provides synergies of shared infrastructure, resources, management, etc., and an opportunity to build a dedicated and sustainable long products complex.

Tata Steel said that it will not only restart the 1 MTPA steel plant expeditiously but also work simultaneously to expand the capacity by building a 4.5 MTPA state-of-the-art long products complex in the next few years, and further expand it to 10 MTPA by 2030.

Commenting on the completion of the acquisition, T. V. Narendran, CEO & Managing Director, Tata Steel, and Chairman, TSPL, said, “The acquisition of NINL is a historic achievement and a significant milestone towards building a dedicated long products facility for the Tata Steel Group. The completion of the transaction is a testimony to the Government of India’s focus on its disinvestment programme. The acquisition also reflects Tata Steel’s commitment to the state of Odisha and the communities around its operations.”

The acquisition of NINL is in sync with Tata Steel’s plan to grow its long product capacity as India focuses on infrastructure spending, which is expected to boost steel consumption. Tata Steel will leverage its capability in the long products business using its strong brand equity, particularly in the retail construction segment, and its extensive, pan-India retail and distribution network to drive scale in long products.


Cognor Orders a New Spooler Line and a Light Section Mill from Danieli

Cognor, a vertically integrated Polish producer of rebars, merchant and quality steel bars, has contracted Danieli for two strategic projects, a new spooler line and a new light section mill, to widen its product portfolio whilst performing at the most competitive OpEx.

The spooler line will be installed downstream the existing Cognor bar mill in Krakow and produce compact rebars-in-coil up to 3.5 tonnes, from 8 to 20 mm, at a pace of 75 tph. It will consist of a complete series of a 4-pass fast-finishing block, quenching-water cooling boxes, and two coiling machines, including finishing services.

Two new Danieli roughing stands will be placed between the existing reheating furnace and rolling mill to enable feeding with 160-mm square billets.

The new light-section mill will produce a wide range of profiles, including flats, equal and unequal angles, HE/IPE/IPN beams, UPN/UPE, as well as tee, round and square profiles at a pace of 80 tph (450,000 tpy finished material).

A new walking-beam reheating furnace will feed an 18-housingless-stand rolling mill with 160-mm square billets. The mill supply will encompass complete finishing services, including a straightening and cut-to-length machinery, rolling guides and consumables for a full production mix. The rolling mill technological layout has been designed to allow the installation of two more roughing stands at the continuous mill head, to enable the use of 200-mm square billets, with the aim to expand the product mix.

Both contracts comprise engineering, technological supply, on-site training and advisory services.

The spooler line is expected to start operation by the end of 2022, whilst the light-section mill is intended to be operational by the end of 2023.

Upcoming Events

13th International Exhibition and Conference on Minerals, Metals, Metallurgy & Materials

25-27 August, 2022

Pragati Maidan, New Delhi, India
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14th India International Refractories Congress

16-18 November, 2022

The Westin Kolkata Rajarhat, Kolkata, India
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2nd Saudi International Steel Conference 2022

12-14 September, 2022

Riyadh, Kingdom of Saudi Arabia
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Metec India 2022

23-25 November, 2022

Mumbai, India
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