As the mining, iron ore mining leases are being met, challenges will arise against the steel industry

-

(PTI) New delhi date. 23 December 2019, Saturday

With the completion of several mining leases, there is a possibility of disruption in the steel industry after March 5, said state-owned Steel Authority of India Ltd. (SAIL).

Some leases for coal and iron ore mining are coming to an end on March 7. As per the amended Mines and Minerals (Development and Regulation) Act, this license will not be renewed and the mines will be allocated through new auctions.

Due to the change in the Act, every allocation is taking place around the auction route today, with many issues being raised and it may be time for the steel industry to intervene from April next year. Because the coal will have to be re-auctioned, Sail sources said.

He was speaking at an event organized by Fiki. High raw material prices are also becoming a concern for the industry. In India, steel production costs are the highest today. The main reason for this is taxes.

Twenty percent of the royalties pay for raw materials. Freight rates are higher here than in other countries. Apart from this, the cost of electricity also increases due to the cost of production, he said.

Coking coal and iron ore are two major raw materials for steel production. India is self-sufficient in iron ore but in terms of coal, steel industry mostly depends on imports.

Under the National Steel Policy, the government has set a target to increase steel production capacity in the country to 8 MT.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more