Kalinganagar can grow to about 15 – 16 million, Angul to 10 million and Jamshedpur to 14 million, Narendran added.

Higher steel prices, lower coking coal prices and manageable iron ore prices have led to improved margins for steel companies, the analyst said.

Tata Steel, an Indian steel producer, plans to double the steel capacity of its existing plants in Orissa and Jarkand to 40 million tons a year, the Economic Times reported.

For the construction of highways, the Modi government has allowed the usage of steel produced by secondary steel makers.

The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference.

The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore Alloys CEO Japie Fullard said during this week’s Glencore media conference.

Glencore's Full Year 2020 Production Report

U.S. steel scrap exports fell by 18.8% in December, and by 4.5% in 2020