MWI Bureau

JSW Steel emerged as the preferred bidder for three iron ore mines. The company announced that it has been declared as the preferred bidder for three iron ore mines in the auction through communication on February 15 from the Director of Mines, Odisha, held between January 31, 2020 and February 4, 2020.

Submerged entry nozzle has been instrumental in determining the flow pattern inside the mold cavity. The flow rate, direction, and other flow properties can be optimized to achieve proper flow pattern. Properly designed nozzle will discourage flow asymmetry, high surface turbulence levels, and high transient level fluctuations. All these occurrences are directly linked with the surface quality of steel and thus nozzle shape is one of the important design variables.

Inspite of difficult economic environment, ThyssenKrupp's sales remained stable at EUR 9.7 billion in the first three months of the current fiscal year 2019/2020. Although the capital goods businesses achieved double-digit growth rates in some cases, the materials businesses were clearly impacted by price and volume losses. This is also reflected in order intake, which was 4 percent lower overall at EUR 9.7 billion. Adjusted EBIT was EUR 50 million, down from the prior year (EUR 217 million) particularly due weakening of the automotive market and prevailing situation at Steel Europe.

Government officials have implemented stringent controls in Hubei, eastern China's Zhejiang province and neighboring areas to control the spread of the coronavirus. Although Beijing has urged businesses to restart, the locals have been slow to lift transport restrictions, preventing most steelmakers from delivering their products to customers and warehouses, freezing spot steel trade and pilling up the mills inventories. Some mills are running low on feedstocks. 


HIsarna is a smelting reduction process for the production of liquid iron. It a newly developed process of iron making from iron ore fines and coal and the process eliminates the need for prior raw material processing such as agglomeration of iron ore fines and conversion from coal to coke.

Tata Steel plans to build up a first scaled-up plant in India for the production of molten iron adopting a new technology called HIsarna. The new process reduces process costs by cutting down energy consumption as the pre-processing steps are eliminated. The process promises to reduce carbon dioxide emission by 80 percent by adopting the CCS (Carbon capture and storage) and 20 percent without the use of CCS, as compared to the conventional blast furnace route.

A Memorandum of Understanding (MoU) was signed between Coal India Limited’s exploration arm Central Mine Planning & Design Institute Limited (CMPDIL) and Indian Institute of Technology, Kharagpur (IIT-KGP) for carrying out analysis of coal samples from different exploration camps for a period of two years.

Extended monsoon along with a slump in auto sales in India and challenging global environment took a toll on steel consumption, as is reflected from Tata Steel's earnings in the quarter ended December. Tata Steel reported a loss of Rs 1,229 crore for the December quarter of FY20 compared with a profit of Rs 1,753 crore in the same quarter of the previous financial year. The company had registered a profit of Rs 3,302 crore in the second quarter of FY20.

Sajjan Jindal-led JSW Steel emerged as the highest successful bidder for the Ganua iron ore block in Sundargarh district of Odisha by committing to pay 132 percent of the sale value of the ore to the state government after beating its competitors KJS Ahluwalia, Rungta Mines Ltd, Shyam Steel Industries Ltd, and Amalgam Steel & Power Ltd.

Steel Authority of India Limited’s Rourkela Steel Plant (RSP) has registered outstanding performance in the month of January 2020 by breaking previous records in many major production areas.