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2017-03-10 ArtNo.45946
◆India's steel exports register three-fold increase in January
 【New Delhi】"India's steel exports in January, 2017 (0.889 MT) was up 224 per cent over January 2016 (0.274 MT) and was up by 19 per cent over December 2016 (0.274 MT)," according to Joint Plant Committee data. The massive jump in exports comes amid government providing extensive support to the domestic steel industry by way of various trade remedial measures including anti-dumping. "Export of total finished steel was up by 71.1 per cent in April-January 2016-17 (5.865 MT) over the same period of last year," the data showed. Import of total finished steel declined by 37.8 per cent to 6.097 MT in April-January 2016-17 over the same period of last fiscal. Imports in January 2017 (0.602 MT) was down by 41.7 per cent over January 2016 and by 21 per cent over December 2016. India's consumption of total finished steel saw a growth of 3.5 per cent in April-January 2016-17 at 68.892 MT over same period of FY'16. ○Final call on strategic divestment of SAIL units by September  【New Delhi】The government is likely to take a final call on strategic disinvestment of three SAIL units by September, and due diligence is already on for the same. While the government in-principle had approved strategic disinvestment of SAIL's Bhadravati, Salem and Durgapur (alloy steel plants), modalities are yet to be worked out. "We hope that within 6-7 months, we would be in a position to take a call on whether to disinvest or not," an official said. On the other hand, a green panel has recommended environment clearance (EC) to state-owned steel major SAIL for construction of a pit head coking coal washery in its Tasra Coal Block in Dhanbad, Jharkhand. ○Tata Steel gets EC for Haldia coke plant expansion  【New Delhi】Tata Steel has received environment clearance (EC) for expansion of its Haldia coke plant in West Bengal, Asia's biggest standalone unit, from 1.6 million tonnes per annum (MTPA) to 2.2 MTPA, entailing investment of Rs 769.45 crore. The company has been asked to ensure that the coke oven plant meets visible emission standards notified by the Environment Ministry and all affluents should be treated and used for dust suppression and green belt development. It has also been asked to use maximum water from rain harvesting sources and develop green belt in 33 per cent of the plant area. Among other conditions, Tata Steel has been asked to spend 2.5 per cent of the total cost of the project towards enterprise social commitment, a senior government official said. 【News source】 India's steel exports register three-fold increase in January Final call on strategic divestment of SAIL units by September Final call on strategic divestment of SAIL units by September Green panel nod to SAIL's Tasra washery project in Jharkhand Tata Steel's Haldia coke plant gets environmental nod for expansion Tata Steel gets EC for Haldia coke plant expansion ○One world： The aim of SEAnews ◆Recruitment of Ad-SEAnews CanvassersYour Comments / UnsubscribeSEAnews MessengerSEAnewsFacebookSEAnewsGoogleSEAnews eBookstoreSEAnews eBookstore(GoogleJ)SEAnews world circulation |
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