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SAIL sources 6 lakh tonne coking coal from Russia in 8 shipments: Chairman Amarendu Prakash

State-owned SAIL has sourced 8 shipments of coking coal, each weighing 75,000 tonnes, from Russia between April and September of FY24. The company s chairman, Amarendu Prakash, also revealed that ICVL, a special purpose vehicle of SAIL, RINL, NMDC, CIL, and NTPC, is looking to double its production capacity to 4 million tonnes per annum. Prakash noted that the rising prices of coking coal will directly impact steel manufacturing costs and put pressure on the company s profit margins. ....

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Need to increase logistics arrangement for steel sector: ISA


There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, industry body Indian Steel Association (ISA) on Thursday said.
Managing logistics requirements is still challenging and costly for many steel makers in India, ISA Secretary-General Bhaskar Chatterjee said in the Indian Steel Markets Conference 2021 organised by mjunction.
mjunction, a joint venture between Tata Steel and the Steel Authority of India Ltd, is a business-to-business e-commerce company that also publishes research reports on coal and steel verticals.
Noting that the steel production and consumption of the metal are expected to grow on the back of government initiatives, the transportation of raw materials to steel mills and finished steel to demand centres is an area to be looked at, he said in his address. ....

Bhaskar Chatterjee , Indian Steel Association , Tata Steel , Steel Authority Of India Ltd , Indian Railways , General Bhaskar Chatterjee , Indian Steel Markets Conference , Steel Authority , India Ltd , South Korea , Dedicated Freight Corridors , Steel Latest News , Steel Latest Updates , Steel Producers , பாஸ்கர் சாட்டர்ஜி , இந்தியன் எஃகு சங்கம் , டாடா எஃகு , எஃகு அதிகாரம் ஆஃப் இந்தியா லிமிடெட் , இந்தியன் ரயில்வே , ஜநரல் பாஸ்கர் சாட்டர்ஜி , இந்தியன் எஃகு சந்தைகள் மாநாடு , எஃகு அதிகாரம் , இந்தியா லிமிடெட் , தெற்கு கொரியா , அர்ப்பணிப்பு சரக்கு தாழ்வாரங்கள் , எஃகு சமீபத்தியது செய்தி ,