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Steel 360: Graphite Electrode crises set to worsen?

03-09-2018 12:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Steel 360

GRAPHITE ELECTRODE CRISIS TO DEEPEN FURTHER ?

GRAPHITE ELECTRODE CRISIS TO DEEPEN FURTHER ?

Graphite Electrodes are a key raw material for production of steel through the Electric Arc Furnace (EAF) route and until recently accounted for a negligible portion of total cost of production. However it was in the beginning of 2017 that the prices of GE began to rise and gradually the much needed raw material started to make steel producers sweat. Prices of GE had gone up multi fold by September owing to a slew of factors including clamp down on polluting industries in China and GE production capacity cuts that took place between 2012 to 2016. According to experts, the turmoil in the GE markets are far from over and event of 2017 stand as a mere glimpse of what the present financial year has in store for the sector.  Going by present trends in production and demand, price of the commodity are pegged to rise further. Not just price of GE but its availability may also become a major challenge for producers.

Steel-360 in the March edition makes an effort to unravel GE demand supply dynamics, future course of the industry and most importantly production scenario of Needle Coke--a key raw material for GE manufacturing. Exploring the situation in China--the largest producer of Steel in the world, we attempt to present a holistic world view for Graphite Electrodes. The detailed cover story also sheds light on the reasons behind the supply crunch which has left merely 8 major producers of GE left in operation presently. Moreover, we also explain why the possibility of fresh capacity expansion in the sector is limited.

In the magazine’s intervista section we cover three industry stalwarts including worldsteel Association Director General Dr Edwin Basson, Tenova CEO Andrea Lovato and Executive Director of Godawari Power and Ispat Limited. Read the latest edition for views and opinions of industry leaders this March as the present their perspective on present and future trends giving a detailed understanding of market dynamics. Steel-360 further elaborates on a number of vital issues pertaining to the Steel industry. One of the key highlights of the current issue remains detailed article on the Mining situation in the country following cancelation of mining leases in Goa by the Supreme Court and restarting of mining activity in Odisha.

Another critical situation arising in the Indian domestic steel market is the acute supply crunch of Pig Iron which threatens to leave buyers hungry for the vital semi finished material. Take a detailed look at how the abrupt disruption of supply from the largest Steel grade Pig Iron manufacturer of the country—Neelachal Ispat Nigam limited, due to ongoing blast furnace capital repair works would impact supply of Pig Iron. Alongside Steel-360 presents before its readers a number of important issues prevailing in the present scenario along with market trends, demand supply dynamics, etc. The Steel innovation section, once again brings to readers yet another intriguing tech innovation in steel making. The magazine which has emerged as a leading industrial publication in South Asia delivers a panoramic view of the market along with interesting section such as price updates, market stocker, etc.

Steel 360 is a premier magazine covering the Iron & Steel sector with a readership of 30,000+ across India. The monthly magazine is well read and recommended by CEOs, COOs, Directors, Purchase/Marketing heads and key decision makers involved in various businesses such as steel making, mining, trading, import/export, consulting, engineering & equipment supply, ancillary products, cement, logistics & chartering, research etc.

#301, Jeevan Parisar, Rajeev Nagar
Behind Crystal Arcade
Raipur - 492 007 (CG) India

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