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’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.
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.
Veysel Yayan: New investments in Gulf region to be a rival to Turkish steel producers The association emphasized that preventing China from sending the surplus caused by the contraction of its construction sector to Turkey is important in order to close the current trade foreign deficit of the Turkish steel industry.In addition, according to the latest statement of the TCUD, steel imports from China, the country from which Turkey imports the most after Russia, increased by 84 percent in the first seven months this year.Stating that most of the given investments are export-oriented, the TCUD secretary general pointed out that the competitiveness of the Turkish steel industry is already low due to Turkey’s high energy prices.
US rebar imports down 27.6 percent in July Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.