MWI Bureau

As per the Sky News reports, Mr. Roland Junck will head Liberty Steel’s European operations. The former ArcelorMittal executive Mr. Junck, who chaired British Steel until shortly before its recent takeover by China's Jingye Group, is being parachuted into Liberty Steel Group, the manufacturing group owned by Sanjeev Gupta.

The private steelmaker, Jindal Steel and Power Limited (JSPL) has bagged an order of 2308 tonnes of head hardened rails from Kolkata Metro Rail Corporation.

Moody's Investors Service said that South Korean steelmakers will suffer a sharp decline in demand and prices due to the growing coronavirus impact on the steel and related industries.

INTUC-affiliated body Indian National Mineworkers’ Federation (INMF) has put forth a demand before the that all workers irrespective of activities they are involved in, should have an insurance cover of INR 50 lakh in case of death due to Covid-19. Pramod Agrawal, INMF chairman in a letter to Coal India Limited (CIL) said All coal workers who are deployed for any activities including production, washing, transportation…during lockdown period and even thereafter till Covid-19 pandemic ceases, be insured for a minimum of INR 50 lakh against unfortunate death out of coronavirus.”

Jindal Steel and Power Ltd (JSPL) said that its steel production for the financial year 2020 was 8.17 million tonne whereas the sales stood at 7.92 million tonnes.

The tables listed below highlights the emergence of Continuous Casting technologies in the historical perspective.The tables unfolds the key technologies and the inventor or...

Some noteworthy contribution was the billet caster by Rowley and a more advanced proposal by Tarquinee and Scovill which had the provision for strand in-line sizing after temperature equalization and this concept was recognized by the U. S. Steel for the South Works pilot (1961) and the Gary Works No. 1 slab caster (1967), respectively. Thus, slowly new design evolved ranging from the totally vertical machine to the “low head machine”.

The state-owned coal miner, Coal India Limited (CIL) had produced 602.14 million tonnes in FY20 registering degrowth of 0.8 percent. The company had produced 606.89 million tonnes for the same period last year. The company missed the target of 660 million tonnes by 9 percent despite registering all-time high production of 84.36 million tonnes in the month of March 2020, up by 6.5 percent YOY.

Icra said in its latest report that the performance of the domestic steelmakers is likely to be adversely impacted in Q1 of FY21 owing to the COVID-19 pandemic and the nationwide 21 days lockdown. Domestic firms may face challenges due to weak domestic demand and this is likely to lead to inventory pile up which will exert pressure on the steel prices.

Hindalco and JSW steel have taken the decision to scale down or suspend operation following the 21 days lockdown announced by the center for the containment of the COVID-19 pandemic