16-August-2024
Rise in India's crude steel production: India's crude steel production increased 13% y-o-y in FY'24 to 144 mnt against 127 mnt in FY'23. The growth was propelled by a sharp increase in the share of production through the induction furnace (IF) route, which uses sponge iron as a key raw material for iron-making. As a result, DRI share in the hot metal mix rose 16% in FY'24 to 50 mnt compared to 43 mnt in FY'23.
16-june-2024
India's ferrous scrap imports are likely to see a significant over 30% decline to ~7 million tonnes (mnt) in financial year 2024-25 (FY'25) compared to 10 mnt in the previous fiscal, as per BigMint's analysis.
14-June-2024
India's imports of metallurgical coal in January-May 2024 (5MCY'24) stood at 31.7 million tonnes (mnt), an increase of 9% y-o-y compared with 29.1 mnt in 5MCY'23 as per BigMint data, on higher crude steel and hot metal production.
12-June-2024
Global seaborne metallurgical coke export volumes decreased around 5% y-o-y to 27 million tonnes (mnt) in 2023 from around 28.5 mnt in 2022, as per provisional data available with BigMint.
10-June-2024
India's imports of non-coking coal, largely used in power generation as well as other industrial applications, increased by 12% y-o-y to nearly 80 million tonnes (mnt) in January-May 2024 compared to a little over 71 mnt in the same period of last year, as per data collated by BigMint.