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India’s APL Apollo Tubes reports 12% rise in sales volume in Q2
During the first half (April-September) of the fiscal year 2023-24, the company reported a total sales volume of 1.The sales mix should eventually move towards 70 percent of value-added products,” the statement said.The sales mix will improve further in the coming quarters with a rising contribution of innovative products.“The contribution from the value-added segment was stable at 55 percent in the current fiscal year.34 million mt, up 30 percent year on year, the statement indicated.

🇮🇳 India · 🗓️ October 11, 2023 · Steel

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Tata Steel and IOCL ink pact to shift to LPG from furnace oil in ferroalloy production
This would enable the ferroalloy plant to shift out of use of furnace oil and high-speed diesel, addressing environment concerns and carbon emissions, the statement said.Under the agreement, IOCL will undertake installation, supply, operation and maintenance of liquefied petroleum gas (LPG) at Tata Steel’s ferroalloy plant in Odisha.

🇮🇳 India · 🗓️ October 11, 2023 · Steel

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India’s JSPL commences production from captive coal mine
The company said that coal production from the Gare Palma mine in the central state of Chhattisgarh would support expansion of its Raigarh steel mill, also located in the same state, to 9.“The coal production from our captive coal mine is perfectly aligned with our expansion of the steel mill using domestic coal.6 million mt per year from 3.6 million mt at present.We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet,” the statement said.

🇮🇳 India · 🗓️ October 11, 2023 · Steel

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Ukraine cautiously optimistic on seaborne iron ore exports, more effort needed for sustainability
The company re-oriented all exports to the European markets.According to Mr.The currently operational mills of the group, Zaporizhstal and Kametstal, are working at 65-75 percent capacity, versus a required 80 percent capacity utilization needed for normal working of the assets.And there is no other way other than to open the ports of Great Odessa [for sustainable exports],” the CEO said.Ryzhenkov, the restoration of exports via sea is particularly important for Metinvest’s mining segment, since its utilization has had to be lower due to impossibility of iron ore exports.

🌎 International · 🗓️ October 10, 2023 · Steel

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Turkey’s Çemtaş to build solar power plant in Kars
The power plant, which will have an installed capacity of 32 MWe, is scheduled to be commissioned in the fourth quarter of 2024.It is anticipated that approximately more than 50 percent of the company’s current electricity consumption will be met with its existing rooftop solar power plant and the new investment.

🌎 International · 🗓️ October 10, 2023 · Steel

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