Industry Guru

Techno-Commercial ​​​​​​​

SAIL, ArcelorMittal to sign JV to set up a Rs 5000 crore automotive steel plant

The new automotive steel plant is an ambitious plan of Govt of India (for which MOU was signed in 2015) as it wants to unlock value in successful state run companies through partnerships with foreign players, who will bring in the latest technology.

India considering reducing iron ore export tax

​India is considering to reduce export tax by 30 per cent on medium-grade iron ore after having built up a high surplus stock ..  

Kobe Steel loses JIS quality badge in one of Japan’s biggest industrial scandals

Kobe Steel has lost Japanese Industrial Standards (JIS) badge certifying the industrial quality of some of its products, which experts said could affect its contracts with customers ...

Kobe Steel Ltd, Japan's third largest steel company in deep trouble

​​The crisis of Kobe Steel Ltd, Japan's third largest steel maker and supplier of engine valve springs and other parts to world’s top airline and automobile manufacturers, deepened further as the company lost some customers to its competitors because of wide-spread data falsification and concealment by its employees  ... 

POSCO to provide technical services to SAIL for IISCO Steel Plant  

Steel Authority of India Limited (SAIL) has entered into an agreement with POSCO for technical services at SAIL’s IISCO Steel Plant at Burnpur

Global Crude Steel Production in August 2017 up 6.3 per cent Y-o-Y

​A comprehensive report on global crude steel production in Aug 2017  

Can Indian Steel Sector sustain this uptrend ?

Indian steel sector that was under stress due to poor demand from the end-users like construction, automobiles and white goods sectors seems to be finally picking up. According to the data released by Joint Plant Committee (JPC), a unit under the steel ministry, Indian steel industry posted a robust 11 per cent growth in production in 2016-17 at 101.2 MT. Indian crude steel production witnessed 4.6 per cent increase at 8.45 million tonnes (MT) in July’17 as against 8.082 MT during same month a year ago. Finished steel export jumped by  .. 

 Company Reports

 Iron and Steel - Technology

Development of FINEX Process and Steel Plants with FINEX in Operation

Article on how FINEX process evolved from COREX technology, its gradual development, Steel plants with FINEX process - existing and upcoming FINEX Plants  ..Full Article

The FINEX Process of Iron Making - Features, Merits and Limitations

​An article on Finex process of iron making, benefits or merits of this technology and also limitations or disadvantages of Finex technology .. Full Article

Steel Plants with COREX Process in Operation: A Quick Review 

​Steel plants with COREX process in operation as how these COREX plants were started and subsequent developments and changes brought in those COREX plants ..Full Article

COREX Process of Iron Making - its Merits and Demerits

​A brief technical review about what is COREX process of iron making, some merits and demerits of COREX technology .. Full Article

Iron and steel industry guru

POSCO returns to the ‘Trillion Won Club’ of Operating Profit in Q3, 2017
POSCO posted 15.036 trillion won (US$13.5 billion) in sales, 1.125 trillion won (US$1.01 billion) in operating profit and 906.6 billion won (US$815.9 million) in net profit in the third quarter. . .

Tata Steel returns to profit in the quarter ended June'17
Tata Steel has returned to profit in the first quarter of the current fiscal after a loss a year ago, helped by the ramp-up of its Kalinganagar plant in Odisha and better performance in Europe. 

 Steel Industry News

Iron Steel Industry Guru - Company Reports