Unlocking Maximum Value from Scrap through Advanced Processing Technology

“We have recorded steady revenue and project growth of more than 20% over the past five years”

As the steel industry evolves towards enhanced efficiency, sustainability, and technological innovation, equipment manufacturers are integral to this transformation. A notable player in this realm is Concast (India) Pvt. Ltd., which has carved a significant niche in the continuous casting segment, boasting over 950 caster installations across 49 countries.

In the June issue of Iron & Steel Review, Kiran Shah, Managing Director & CEO of Concast (India), offers valuable insights into the company’s recent financial successes, export strategies, and its leadership position within the secondary steel sector. Below are edited highlights from the interview:

Could you share some key financial milestones that Concast (India) has achieved in recent years? Additionally, how has the operation of 950 continuous casters across 49 countries fuelled your ongoing financial growth?

Over the years, Concast (India) has achieved several important milestones that reflect both our engineering strength and the immense trust our customers place in us globally. Notably, we have recorded steady revenue and project growth of more than 20% over the past five years. Today, with more than 950 continuous casters operating globally, our diversified international footprint contributes significantly to this sustained financial trajectory. Our progress is driven by a balanced mix of greenfield projects, modernisation initiatives, aftermarket services, and technology upgrades, alongside long-term customer relationships that yield repeat business across varying market conditions.

Your presence in over 49 countries speaks volumes about your export strategy. Can you discuss your export performance and highlight any emerging trends you foresee in international growth?

Exports have always been a vital pillar of Concast (India)’s growth strategy. To date, we have successfully completed more than 225 caster installations, specifically in our export markets. Our strong presence across Asia, Africa, the Middle East, Europe, and Latin America underscores the global competitiveness of Indian engineering and manufacturing capabilities. Moving forward, we are witnessing an increasing demand for efficient, energy-conscious, and automation-driven casting solutions, particularly in emerging steel-producing economies. Customers increasingly prefer integrated technology partners who offer comprehensive lifecycle support and modernisation, a shift that will further solidify India’s position as a trusted global manufacturing hub.

How robust is Concast (India)’s footprint in the secondary steel sector?

Concast (India) has established an overwhelming market share and a deeply trusted footprint within the secondary steel sector over several decades. As the sector rapidly evolves to prioritise higher productivity, operational efficiency, and sustainability, our ability to deliver highly customised continuous casting solutions across varying capacities and steel grades has cemented our absolute leadership position. Furthermore, our comprehensive service support, modernisation capabilities, and enduring industry relationships ensure our continued dominance and expansion within this vital ecosystem.

Domestic Crude Steel Output Surges by 2.9% in May 2026

The Indian steel industry demonstrated robust growth in May 2026, achieving significant gains in key production and consumption indicators compared to the same period last year.

Crude steel production soared to 14.21 Million Tonnes (MT), reflecting a year-on-year (YoY) increase of 2.9%. Hot metal production also saw a positive shift in May 2026, with a 2.0% YoY rise, while pig iron output reached 0.77 MT, marking an uptick of 1.1% YoY. Notably, finished steel production climbed to 13.94 MT in May 2026, marking a YoY growth of 7.7%, while finished steel consumption for the same month hit 14.33 MT, an increase of 9.0% over the corresponding period last year.

On the trade front, imports for May 2026 totalled 0.69 MT, while exports reached 0.51 MT. This signifies remarkable YoY growth of 62.5% and 29.9% from the May 2025 figures of 0.42 MT and 0.39 MT, respectively.

Pomini Tenova and Siemens Deepen Collaboration to Deliver Advanced Roll Grinder Revamping Solutions

Pomini Tenova, a brand of Tenova and a global leader in roll shop equipment and services, has strengthened its long-standing partnership with Siemens to deliver revamping and modernisation solutions for roll grinders.

The initiative builds on more than four decades of joint projects and nearly 1,000 Pomini Tenova machines equipped with Siemens technologies. The partnership enters its next phase with the aim of elevating technological excellence in the rolling mill sector to new levels of performance, reliability, and digitalisation. Benefits for mutual customers include extended machine lifecycles, safeguarding existing investments, and enhanced overall operational efficiency.

The alliance is set to combine Pomini Tenova’s deep process know-how and proven technologies in roll grinding, inspection, roll shop automation and digital solutions with Siemens’ advanced CNC-based control systems as well as drive and automation technology. This interaction also contributes to integrated safety and future-proof cybersecurity solutions for machine tools.

A key focus of the partnership is enabling the transition toward fully autonomous machines. The integration of Pomini Tenova’s mechanical upgrades and process-specific technologies with Siemens’ advanced technologies lays the foundation for fully autonomous operation through digital monitoring, diagnostic tools, predictive maintenance, and leveraging Industrial AI-based features. These revamping solutions are designed to deliver increased productivity, reduced downtime, and improved safety standards, while maximising performance and ensuring high grinding quality throughout the machine’s operating life.

Paolo Gaboardi, EVP Pomini Tenova, said the enhanced partnership will enable customers to move beyond mere equipment upgrades towards AI-powered autonomous operations and strengthen long-term competitiveness.