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1. voda 27 december 2021 07:09

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   US DOC Fixes USD 185 AD Duty on HRC Import from Russia
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 4:48 am
   
   The US Department of Commerce has announced the final results of the sunset review of the antidumping duty order on hot rolled coil from Russia. The DOC found that revocation of the antidumping duty order on the given product from the country would be likely to lead to continuation or recurrence of the dumping. The final dumping rate is up to 184.56% for Russia.
   
   The antidumping duties for the countries are applicable from December 22.
2. voda 27 december 2021 07:09

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   Rama Steel Tubes to Add 30,000 Tonnes Capacity at Khopli Plant
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 4:51 am
   
   Rama Steel Tubes Ltd announced that it has initiated capacity expansion to the tune of about 30,000 tonnes at its plant located at Khopoli in Maharashtra. The expansion is expected to be completed by the end of Quarter 4 of FY22, post which commercial production will commence. The total Capex for this expansion will be about INR 10 crore and will be funded through internal accruals of the company
   
   This additional capacity is mainly aimed at expanding current product portfolio to include special grade structural steel and high thickness tubes to cater to the infra, automobile and solar sectors.
3. voda 27 december 2021 07:11

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   Norwegian Steel Distributor Norsk Stal to Stock XCarb Steel
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 4:53 am
   
   Norway’s oldest steel and metal distributor Norsk Stal has decided to stock ArcelorMittal’s XCarb recycled and renewably produced steel beams. Norsk Stal supplies the offshore, shipbuilding, construction and mechanical industry markets, and has a vision to continuously develop and provide a ‘sustainable and efficient stockholding’ as well as recognising the importance of steel in the development of a sustainable society. Buying XCarb recycled and renewably produced beams was therefore a natural decision for the Norwegian distributor, to contribute to the company’s and country’s commitment to the Paris Agreement, while also being able to offer customers low-carbon products.
   
   There is a growing demand for low emission steel throughout Scandinavia, and with its EPD at 333 kg CO2e per tonne of sections and merchant bars, XCarb recycled and renewably produced is the first product to offer a guarantee of up to 100 percent recycled scrap steel and 100 percent renewable electricity coming from solar and wind projects.
   
   XCarb, launched by ArcelorMittal in March this year, is an initiative which brings together all of ArcelorMittal’s reduced, low and zero-carbon products and steelmaking activities. In addition to XCarb recycled and renewably produced, ArcelorMittal’s XCarb initiatives also includes XCarb green steel certificates which are specifically designed for ArcelorMittal’s steel products made from iron ore in a blast furnace. They are based on real CO2 savings achieved through these practical activities as well as wider initiatives which reduce ArcelorMittal’s carbon footprint and projects aimed at green innovation. The savings are independently assured by DNV GL.

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4. voda 27 december 2021 07:12

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   Hoa Phat Celebrates 3 Million Tonne HRC Mark at Dung Quat Steel
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 4:55 am
   
   Vietnam's leading steelmaker Hoa Phat Group celebrated its first 3 million tonnes cumulative hot-rolled coil production reached on December 2, since the line was commissioned. The QSP thin-slab casting rolling line supplied by Danieli allows flexible production of qualities including API and commercial grades, with excellent geometrical and mechanical strip properties of strip thicknesses ranging from 1.5 to 12.0 mm, and widths from 900 to 1,500 mm.
   
   The two vertical-curved casters produce 70- to 85-mm-thick slabs after dynamic soft reduction, covering the whole product mix with a single mould.
   
   A Danieli Centro Combustion twin-strand shuttle furnace connects the casters to the 2+4 hot-strip mill, with separation of high-reduction and finishing units allowing dual step rolling.
   
   The QSP control system is based on the Danieli Automation HI-PAC industrial platform.
5. voda 27 december 2021 07:14

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   Metalloinvest to Partner European Steel Makers for Green Steel
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 4:58 am
   
   Leading Russian iron ore and HBI producer Metalloinvest is ready to become a partner for green metallurgy in Germany by supplying hot-briquetted iron, the low-carbon raw material for steel production. European steel companies that target a lower carbon print from their products, are announcing plans to transition to electric-arc furnaces production from the blast furnaces over the next 10 years. Metalloinvest estimates HBI volume of the European market at about 3.5 million tonnes.
   
   Almost all of the largest European electric steel producers, such as Arvedi, ArcelorMittal, Ferriere Nord, Riva, Celsa are the customers of Metalloinvest.

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6. voda 27 december 2021 07:15

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   Mr VS Chakravarthy Assumes Charge as Director Commercial of SAIL
   
   Strategic Research Institute
   Published on :
   27 Dec, 2021, 5:02 am
   
   Mr Vejendla Srinivasa Chakravarthy has taken charge as Director Commercial of Steel Authority of India Limited on 24th December, 2021. A chemical engineer from Laxminarayan Institute of Technology, Nagpur University, Mr Chakravarthy joined SAIL in 1987 in the company’s Central Marketing Organization. Rising through the ranks, Mr Chakravarthy became the Executive Director, Marketing in SAIL before taking over as the Director Commercial of the company. He is known for his commercial and marketing acumen.
   
   Mir Chakravarthy has worked on various important projects including formulation of the company's Annual Business Plan for Marketing and contributed to production planning which has guided the company's long term marketing strategy. He has taken several new initiatives during his tenure and postings at various marketing verticals in SAIL, which has helped in expanding the company’s base and making inroads in the market. As Executive Director, he has contributed to formulation and implementation of various products and price strategy.
7. voda 27 december 2021 17:10

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   Aperam rondt overname ELG af
   Recent al goedkeuring uit Brussel.
   
   (ABM FN) Aperam heeft met succes de acquisitie van ELG afgerond. Dit maakte de fabrikant van roestvaststaal met een notering in Amsterdam en Brussel maandagmiddag bekend.
   
   Eind november kreeg Aperam al goedkeuring van de Europese Commissie voor de overname.
   
   Begin mei liet Aperam weten ELG te willen overnemen voor 357 miljoen euro. De overname versterkt de positie van Aperam op het gebied van kosten en duurzaamheid, en moet binnen drie jaar minimaal 24 miljoen euro aan synergieën opleveren.
   
   Door: ABM Financial News.
   
   pers@abmfn.be
   
   Redactie: +32(0)78 486 481
8. voda 28 december 2021 07:34

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   Morocco Extends Safeguard Measures on Rebar & Wire Rod Import
   
   Strategic Research Institute
   Published on :
   28 Dec, 2021, 4:41 am
   
   Morocco's Ministry of Industry and Trade has decided to extend the measures for imports of rebar and wire rod until October 15, 2023. The import quota for rebar is set at 123,938 tonnes for the period between January 1, 2022 and December 31,2022, while it stands at 129,825 tonnes for the period between January 1,2023 and October 15, 2023. Meanwhile, the import quota for wire rod remains at 146,410 tonnes, unchanged since 2018, as the current quota level represents 77 percent of consumption and a gradual increase of quota volume would cancel the expected effect of the measure.
   
   The measure will not be applied to the imports of the given products from developing countries which are members of the WTO.
   
   The investigation was initiated on August 17, 2021 and closed on December 15, 2021.
   
   The products subject to the safeguard measure currently fall under Customs Tariff Statistics Position Numbers 7213.91.90.00, 7214.20.90.00 and 7214.99.91.00.
9. voda 28 december 2021 07:35

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   GMS Market Commentary on Ship Breaking in Week 51
   
   Strategic Research Institute
   Published on :
   28 Dec, 2021, 4:44 am
   
   World's leading cash buyer of ships for recycling GMS said that “As the Christmas holidays approach, activity has cooled off significantly with very few fresh units being introduced into the market for sale. Notwithstanding, demand remains good, even at these reduced numbers, and it is surely a matter of time before some improvements in price are seen, given the stinging paucity of supply. This inactivity has come at something of an appropriate time, with levels in all sub-continent markets having declined by about USD 20-30 per LDT, from the peaks seen in September October.”
   
   GMS said “The falls in India have been far more pronounced, with about USD 50–60 per LDT being knocked off vessel prices due to plummeting domestic steel plate prices. Quotes on certain less favored units are now coming in even below USD 500 per LDT on occasion. The Pakistan Rupee and the Turkish Lira have both seemingly settled, having depreciated to all time historical lows and there was time this past week for Gadani End Buyers to conclude a few units in Cash Buyer hands as well, and at levels not too far off where the top priced Bangladeshi market is at present. Chattogram Buyers have been active too in recent weeks, securing a Suezmax and an Aframax tanker at impressive levels above USD 600 per LDT. Finally, the Turkish market saw the Lira firming and settling in around the TRY 10.48 mark by the time the week ended, and the volatility has resulted in prices declining by about USD 5 per Ton and a complete halt to local trading.”
   
   GMS added “It is likely therefore to be a quieter end to the year as markets grapple with these new realities under the stark realization that there are very few fresh units to work.”
   
   GMS Pricing
   
   India/Bangladesh/Pakistan – Week 51, Unchanged
   
   Dry Bulk – USD 550-590 per LDT
   
   Tankers - USD 560-600 per LDT
   
   Containers - USD 570-610 per LDT

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10. voda 28 december 2021 07:48

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    US President Amends Section 232 for Imports of Steel from EU
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 4:47 am
    
    United States of America President Mr Joseph R Biden Jr has amended section 232 of the Trade Expansion Act of 1962, section 301 of title 3 United States Code, and section 604 of the Trade Act of 1974 vide a proclamation dated 27 December 2021 to establish a tariff-rate quota on imports of steel articles from member countries of the EU. Imports of steel articles from member countries of the EU in excess of the tariff-rate quota quantities shall remain subject to the duties imposed by clause 2 of Proclamation 9705, as amended. The Secretary, in consultation with the United States Trade Representative and the Secretary of Homeland Security, shall recommend to the President, as warranted, updates to the in-quota volumes contained in this proclamation.
    
    Clause 2 of Proclamation 9705, as amended, is revised to read as
    
    (a) In order to establish certain modifications to the duty rate on imports of steel articles, subchapter III of chapter 99 of the HTSUS is modified as provided in the Annex to this proclamation and any subsequent proclamations regarding such steel articles.
    
    (b) Except as otherwise provided in this proclamation, or in notices published pursuant to clause 3 of this proclamation, all steel articles imports covered by heading 9903.80.01, in subchapter III of chapter 99 of the HTSUS, shall be subject to an additional 25 percent ad valorem rate of duty with respect to goods entered for consumption, or withdrawn from warehouse for consumption. These rates of duty, which are in addition to any other duties, fees, exactions, and charges applicable to such imported steel articles, shall apply to imports of steel articles from each country as specified in the preceding three sentences.
    
    Steel eligible for treatment under clause 1 of this proclamation must be melted and poured in a member country of the EU in order to receive such treatment. The Secretary, in consultation with the Secretary of Homeland Security and the United States Trade Representative, is authorized to take such actions as are necessary to ensure compliance with this requirement. Failure to comply could result in applicable remedies such as the collection of the tariff set forth in clause 2 of Proclamation 9705, or penalties under United States law.
    
    Steel articles from a member country of the EU imported under an exclusion granted pursuant to clause 3 of Proclamation 9705, as amended, shall not count against the in-quota volume of the tariff-rate quota established in this proclamation.
    
    The Secretary, in coordination with the Secretary of State and the heads of other executive departments and agencies as necessary, shall establish a process to assist United States steel and aluminum consumers in identifying suppliers in those trading partners with which the United States has negotiated an arrangement under section 232 of the Trade Expansion Act of 1962, as amended, that can provide the relevant product.

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11. voda 28 december 2021 07:49

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    OMK Named as Best Supplier of Railway Wheels of Siemens Mobility
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 4:52 am
    
    Russian steel maker United Metallurgical Company, the largest Russian manufacturer of solid-rolled railway wheels for all types of rolling stock, for the second year in a row was ranked among the best suppliers of Siemens Mobility, a leader in transport solutions. OMK has been cooperating with Siemens Mobility since 2016, supplying high-tech wheels for the Lastochka high-speed passenger electric train designed for operation at speeds up to 160 km / h. In the outgoing year, the partners completed the procedure for serial production of wheels for Lastochka; previously, OMK could supply only pilot batches of limited volume. In 2021, the company shipped over 1,800 of these wheels to Siemens Mobility. In addition, specialists from Siemens Mobility began controlled operation of OMK wheels for the Sapsan high-speed electric train, which has a design speed of up to 250 km / h. Following the results of controlled operation, which will end in mid-2022, the parties will discuss industrial supplies of wheels for Sapsan.
    
    All products are manufactured at the Vyksa plant of OMK in the Nizhny Novgorod Region, which is the only manufacturer of wheels for high-speed and high-speed traffic in Russia. OMK employees took part in the development of technical specifications for the supply of wheels for the Lastochka and Sapsana electric trains, taking into account the requirements of both Russian and foreign standards.
    
    Unlike serial wheels, wheels for high-speed and high-speed movement are extremely demanding in terms of geometry and steel quality. This year, the OMK plant in the Nizhny Novgorod Region carried out warranty tests and put into pilot operation a line for applying a protective coating to the surface of railway wheels for high-speed rolling stock. Now OMK is preparing for the qualification of the process of painting wheels for "Swallow" and "Sapsan".

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12. voda 28 december 2021 07:50

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    TISCO Stainless Steel for Automotive Exhaust Pass GM Certification
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 4:55 am
    
    Chinese stainless steel giant TISCO’s stainless steel products for automobile exhaust systems have passed the certification of Shanghai General Motors and have begun to supply them. General Motors is recognized as one of the most demanding companies in the industry. In 2017, TISCO and Shanghai General Motors reached an agreement to tailor new stainless steel materials for the company’s automotive exhaust systems. After nearly two years of hard work, under the close cooperation of TISCO and Steel Technology Center and various departments and processes, the material composition system that meets the requirements of GM exhaust systems has been successfully designed. After small batch production trials, the products not only fully meet the exhaust gas requirements. Emission standards and design life requirements, and achieved the customer’s economic goals, and finally became a qualified material for General Motors.
    
    At the same time, TISCO has also leveraged GM’s strong market guidance to further expand the development space of stainless steel materials for automotive exhaust systems. In September 2019, TISCO, Pan Asia Automotive Technology Center Co Ltd and Shanghai Tenneco Exhaust System Co Ltd jointly established an automotive stainless steel joint laboratory to jointly promote the development and application of more new stainless steel materials for automotive exhaust systems And the upgrading of related traditional materials.
    
    TISCO’s products have been recognized by world-class car companies after passing the product certifications of famous automakers such as Mercedes-Benz, BMW and Toyota. At present, TISCO has the largest domestic market share of stainless steel products for automotive exhaust systems, and is one of the world’s most important suppliers of steel for automotive exhaust systems.
13. voda 28 december 2021 07:51

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    Liberty Steel's Activity in Danger inTilleur & Flémalle in Belgium
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 4:59 am
    
    Local media Levenir reported that the workers of the Liberty Steel company in Tilleur and Flémalle in province of Liège in Belgium learned during an extraordinary works council that the recovery plan planned to avoid bankruptcy would not succeed. The court risks considering that the commitments made are not respected and it can decide on a liquidation or a judicial reorganization procedure. Without this plan and the 10 million euros announced in the fall, more than 600 jobs are at risk. FGTB Métal Regional Secretary Mr Jean-Luc Lallemand said "We never really believed in the plan because, since the resumption of Liège, the group had not shown much clarity in terms of its finances. It's not surprising, but it's a shame that we have had to undergo the management of the company by this owner.”
    
    Last November, the decision of the Commercial Court made it possible to take Liberty Steel's Liège establishment in Tilleur and Flémalle out of its judicial reorganization procedure on the basis of a plan presented by GFG Alliance. This plan notably guaranteed refinancing and debt clearance by Liberty Galat. The Romanian subsidiary was to become the main supplier of hot-rolled coils and enable a supply of raw material.
14. voda 28 december 2021 07:52

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    Shyam Metalics Announces Eco Clearences for Capacity Expansions
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:01 am
    
    Kolkata based Shyam Metalics and Energy Limited announced that the company has received Consent to Operate from State Pollution Control Board of Odisha to increase captive power generation at its Sambalpur unit. Following the clearances, the capacity at the unit will increase from 118 MW to 158 MW. Across its units at Sambalpur, Jamuria & Mangalpur, the aggregate capacity will grow from 227 MW to 267 MW representing a 17.6% increase. The incremental capacity is now operational."
    
    Wholly Owned Subsidiary Shyam SEL & Power Ltd has received Consent to Operate from State Pollution Control Board, Odisha and West Bengal Pollution Control Board respectively. Following the clearances, the total installed capacity for sponge iron products will increase by 20%, from 1.39 million tonnes per annum to 1.67 1.39 million tonnes per annum. The incremental capacity to commence operations in December 2021.
    
    In addition, Shyam Metalics and Energy Limited has also received CTO from West Bengal Pollution Control Board for the scheduled capacity expansion at the Jamuria plant. This expansion will add 0.25 million tonnes per annum of incremental capacity across steel products. The aggregate capacities of sponge iron, billet & long products are slated to increase by 7%, 6% & 10% respectively.
    
    Shyam Metalics and Energy Limited Managing Director Mr Bhushan Agarwal said “We incurred a capital expenditure of INR 110 croresforthe addition of the 40 MW capacity. The project came online much before its projected timeline of May 2022. The expansion at Jamuria plant will also enable us to meet the increasing demand for our products. Our operational excellence in producing high-value long product structural steel cost-effectively will continue to give us an edge."
    
    Shyam Metalics and Energy Limited is a leading integrated metal producing company based in India with a focus on long steel products and ferroalloys. It is amongst the largest producers of ferroalloys, one of the leading players in terms of pellet capacity and the fourth-largest player in the sponge iron industry in terms of sponge iron capacity in India.
15. voda 28 december 2021 07:55

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    NLMK & Rosatom Start Cooperation for Hydrogen Production in Russia
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:04 am
    
    Russian steel maker NLMK Group and Rosatom’s Rusatom Overseas have signed an agreement on cooperation in the field of hydrogen production and the development of technologies for capturing and using CO2. The agreement provides for joint research and development in the field of hydrogen production technologies, such as water electrolysis, steam reforming of methane with carbon dioxide capture and methane pyrolysis, and the implementation of pilot projects for the production of hydrogen.
    
    As part of the joint work, the parties plan, among other things, to evaluate the technical and commercial aspects of the production of climate-neutral hydrogen.
16. voda 28 december 2021 07:56

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    Marcegaglia Doubles Employee Bonus on Records Results in 2021
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:06 am
    
    Italy based Marcegaglia has achieved extraordinary results in 2021 and for this reason it will distribute a double productivity bonus to all the workers of its Italian plants. It has decided to double the production bonus reserved for the over one thousand employees of the Ravenna plant. The company management in a meeting with trade unions announced the doubling of the production bonus for the year 2021, which will be paid in the pay slip of March 2022, as established by the internal contract. . This was announced by Mr Antonio and Ms Emma Marcegaglia, CEO and president, and vice president of Marcegaglia Steel Spa, respectively. Each employee will thus receive an average bonus of more than EUR 1,000.
    
    Mr Antonio Marcegaglia stated that 2021 was the best year in the entire history of the group in terms of turnover, volume of products and shipments and, above all, profitability. The turnover amounted to EUR 7.3 billion, increasing by 50 percent compared to 2020 and also compared to 2019. Production and shipments increased by about 10 percent.
    
    Trade union Uilm-Uil provincial secretary of in Ravenna Mr Marco Riciputi said "We welcome this news that gratifies the commitment of employees in these difficult months of pandemic. This choice to double the value of the performance bonus of the supplementary company contract confirms the right choice we have always made to negotiate and sign company agreements as the main way to improve the condition of workers. A path that is anything but simple completed in 2019 together with colleagues from Fim-Cisl.
17. voda 28 december 2021 07:56

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    Aperam Completes Acquisition of Scrap Recycler ELG
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:09 am
    
    Global stainless steel giant Aperam has announced the completion of the acquisition of ELG, a global leader in stainless steel and superalloys recycling. The acquisition of ELG has received all necessary regulatory approvals and will further strengthen Aperam's competitiveness and Environmental-Social-Governance leadership position in the industry. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, delivering about 1.2 million tonnes of materials annually, employing about1,200 FTEs in 51 locations in 20 countries.
    
    ELG had been acquired for an Enterprise Value of EUR 357 million (Equity value EUR 30 million) valued 31.12.2020. The acquisition is based on a lockbox mechanism under which Aperam owns the economic value added to the ELG business as from 01 January 2021. ELG will be fully consolidated into the Aperam Group as from 31.12.2021 under a new segment Recycling. ELG generated an adj. EBITDA of EUR55 million through the cycle, and is expected to generate adj. EBITDA of about EUR 65 million in 2021.
    
    Investing in sustainable recycling further improves Aperam's leading environmental footprint and supports the company's CO2 reduction targets. The acquisition enables Aperam to improve its input mix and to expand into the supply of raw materials. Total minimum synergies of EUR 24 million are expected within three years with additional improvement potential. Combined with phase 4 of the Leadership Journey, Aperam will achieve its next level of competitive excellence. The acquisition is expected to be value creative from year 1 and executed in line with Aperam's financial policy.
    
    Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value specialty products. In addition to its industrial network, spread over six production facilities in Brazil, Belgium and France, Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and special steels from low cost biomass (charcoal made from its own FSC-certified forestry).
18. voda 28 december 2021 07:57

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    Celsa France Starts Trial Production New Wire Rod Mill in Bayonne
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:12 am
    
    Spanish CELSA Group unit Celsa France has begun the testing phase of the new rolling mill in the company’s industrial complex in Bayonne in South West of France, with the recent ignition of the furnace of the installation and with the production of first steel pieces, in which it has invested 65 million euros. Celsa France will produce up to 550,000 tonnes of rolled products per year in Bayonne, which will allow it to access a new European market that consumes around 20 million tonnes of wire rod per year. At full capacity, the new rolling mill, whose manufacture began in January 2020, has a generating capacity and revenues of around 300 million euros per year. The new facility will come into operation once the tests that have begun with the ignition of the furnace and that will continue for a few weeks are finished.
    
    The start-up of this facility means that Celsa France will be able to produce finished products and thus have direct access to a market for products with greater added value, which will provide greater capacity for return and profitability on investment.
    
    Celsa France has also signed a strategic alliance with one of its customers, Intersig France, which will buy part of the new production and help it open the market for finalist products in the French market. The alliance with Intersig France allows both companies to promote productive synergies in the same plant in Bayonne that allows from the start to make the investment profitable.
    
    CELSA Group is Europe’s leading producer of circular, low-carbon steel. Family company of world reference has positioned itself as a leader in the manufacture of circular steel, for its integration throughout the value chain, recycling scrap and producing steel in electric arc furnaces, a more sustainable production system that exists today, which has made it a company with low CO2 emissions in its sector. The group has more than 120 production centers around the world.
19. voda 28 december 2021 08:03

    auteur info

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    Mr Sanjay Kumar Singh Appointed as Steel Secretary
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:27 am
    
    The Appointments Committee of the Cabinet announced that Mr Sanjay Kumar Singh has been appointed as Secretary in Ministry of Steel. Mr Singh an IAS officer from Madhya Pradesh cadre from 1987 batch is currently in the Department of Administrative Reforms & Public Grievances and Department of Pensions & Pensioners Welfare.
    
    SteelGuru Dot Com wishes Mr Sanjay Kumar Singh the very best.
20. voda 28 december 2021 08:03

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    Steel Ministry Amends PLI Scheme for Speciality Steel
    
    Strategic Research Institute
    Published on :
    28 Dec, 2021, 5:30 am
    
    India’s Ministry of Steel vide Corrigendum dated 24th December 2021 has deferred by a year the implementation of the INR 6,322 crore Production Linked Incentive scheme to promote and boost production of speciality steel domestically. Instead of 2022-23, the five-year scheme will now commence from 2023-24 and the release of the incentives under the scheme will now start from 2024-25 instead of 2023-24 proposed in the scheme guideline issued in October.
    
    PLI Distribution
    
    PLI-A: 2023-24 4%; 2024-25 5%; 2025-26 5%; 2026-27 4%; 2027-28 3%
    
    PLI-B: 2023-24 8%; 2024-25 9%; 2025-26 10%; 2026-27 9%; 2027-28 7%
    
    PLI-C: 2023-24 12%; 2024-25 15%; 2025-26 15%; 2026-27 13%; 2027-28 11%
    
    PLI-A - Galvanneal/GI-Auto-Gr; Coated/Plated products of Metallic/Non-Metallic alloys; Al-Zn coated (Galvalume); Colour Coated; HR Coil, Sheets and Plates API Gr 52<=X<=70; High Tensile Sheets, Coil, Plates, YS>=450Mpa; Asymmetric Rails; Head Hardened rails; Alloy Steel: Bearing Steel
    
    PLI-B - Tin mill Products; Auto Gr Steel AHSS (CRCA); Boiler Quality, Pressure Vessels; QT / Abrasion Resistance and Wear Resistance; Alloy Steel: Tool and Die Steel; Alloy Steel: Valve Steel; Automotive power train steel; Precipitation Hardened Stainless Steel; Tyre Bead wire; C Class Zinc Coated Wire; Zinc Aluminium Coated Wire; Tyre Cord (Brass Coated); Oil Tempered Spring Steel Wire
    
    PLI-C – CRNO; CRGO
    
    PLI Outlay
    
    2024-25 – INR 775 crore
    
    2025-26 - INR 1088 crore
    
    2026-27 - INR 1394 crore
    
    2027-28 - INR 1377 crore
    
    2028-29 - INR 1293 crore
    
    2029-30 - INR 222 crore
    
    2030-31 - INR 173 crore
    
    Total - INR 6322 crore
    
    The Cabinet had approved the PLI scheme for speciality steel in July 2021. Speciality steel is a value-added variety of the alloy wherein normal finished steel is worked upon by way of coating, plating, heat treatment, etc, to convert it into high value-added steel for use in various strategic sectors such as defence, space, power and automobiles among others. India meets the domestic requirement of such steel with imports with an annual forex outgo of around INR 30,000 crore.
    
    The objective of the PLI scheme is to promote manufacturing of speciality steel grades within the country and help the Indian steel industry mature in terms of technology as well as move up the value chain. Coated products, high-strength/wear resistant steel, speciality rails, alloy steel products and electrical steel are the broad five target categories under the scheme.
    
    Application from the industry to participate in the scheme will be called for on December 29 and the window will remain open for 90 days till March 31, 2022. State-run Mecon will act as the project monitoring agency for executing the PLI scheme.
    
    The scheme shall only be applicable for:
    
    i. Coated/Plated Steel Products
    
    Galvannealed/Galvanized Iron-Auto Grade
    
    Tin mill Products
    
    Al-Zn Coated
    
    Colour Coated
    
    Coated/Plated products of Metallic/Non-Metallic Alloys
    
    ii. High Strength/ Wear resistant Steel
    
    Hot Rolled Coil and Plates of American Petroleum Institute Gr 52<=X<=70
    
    HR Coil, Sheets and Plates API Gr >X-70
    
    High Tensile Sheets, Coil, and Plates (YS>=450Mpa)
    
    High Tensile Auto Gr Steel including Advanced High Strength Steel (CRCA)
    
    Boiler Grade/Pressure Vessels grade steel
    
    QT/Abrasion Resistant and Wear Resistant steel
    
    iii. Specialty Rails
    
    Asymmetric rails
    
    Head Hardened rails
    
    iv. Alloy Steel Products and Steel wires
    
    Tool & Die Steel
    
    Valve steel
    
    Bearing steel
    
    Precipitation Hardened Stainless Steel
    
    Automotive Powertrain Component grades of steel
    
    Tyre Bead wire
    
    C' Class Zinc Coated Wire
    
    Zinc Aluminium Coated Wire
    
    Tyre Cord (Brass Coated)
    
    Oil Tempered Spring Steel Wire
    
    V. Electrical Steel
    
    Cold Rolled Non-Grain Oriented (CRNO)
    
    Cold Rolled Grain Oriented (CRGO) steel