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STEELWORLD Devoted to Iron & Steel Industry

Vol. 31 No. 4 April 2025
Registered-RNI No. 62719/94 www.steelworld.com

Redefining Iron Ore Pellet

Specifications for Rotary
Future of Zinc Kiln DRI Plants
in India:
Growth, Demand
& Opportunities
Arun Misra Where Innovation Meets Steel
CEO
Hindustan Zinc Ltd.

Tata BlueScope Launches

ArchiNature

India's Mining Goes Green

with Lloyds Metals
 Editorial Desk

The US is a significant market for

these exports, with India's annual
exports standing at around $5
billion. The EEPC has urged the
Indian government to seek
exemptions or relief during ongoing
bilateral trade agreement
discussions with the US.
The US' decision to impose
Editorial Assistant tariffs on steel imports is also seen
Tanaya Dandavate as a reflection of its shifting
perception of India. It appears that
the US is increasingly viewing India
as a competitor rather than an ally.
This development underscores
India's growing importance in
international trade and diplomacy.
Dear Readers,
As the country's economy continues
Ace Graphics
T he recent announcement by
US President Donald Trump
to impose a 50% tariff on steel
to expand, it is likely to attract more
attention from global trading
partners.
imports has sent ripples across the The road ahead for India is not
global steel industry. This move is without challenges. The global steel
part of the US' protectionist trade industry is highly competitive, and
agenda, aimed at shielding its the US' tariff hike could lead to trade
domestic steel industry from foreign diversion, with countries like China
competition. The tariff hike is potentially redirecting their steel
expected to have far-reaching exports to India. This could put
implications for countries which pressure on domestic steel
export steel to the US. producers and impact their
However, in India's case, the profitability. Fitch Ratings has
impact of this tariff hike might be warned that Indian steel producers
limited due to the relatively low might face challenges if countries
volume of steel exports to the US. with higher US export exposure
According to Steel Minister HD redirect their shipments to India.
Kumaraswamy, India anticipates a To navigate these challenges,
"minor impact" from the tariff India needs to develop effective
increase, primarily because the policy and trade strategies. The
country's steel exports to the US are government and industry
minimal. The Indian steel industry's stakeholders must work together to
growth is largely driven by the enhance the competitiveness of
country's infrastructure development Indian steel products and maintain
projects, which are generating stability in the global steel trade. This
significant domestic demand. could involve improving trade
The Engineering Export relations with key partners, investing
Promotion Council of India (EEPC) in research and development, and
has expressed concerns about the exploring new markets for Indian
potential impact of the tariff hike on steel exports.
Indian engineering exports, which Write your comments :
include steel and aluminum products. https://steelworldblog.wordpress.com/

03 April 2025
Face to Face News Update
6 Future of Zinc
in India: 28 Tata Steel Strengthens
Production with
Growth, Demand
& Opportunities Kalinganagar Expansion
Arun Misra
CEO Shaping a Sustainable India with
Hindustan Zinc Ltd.
Stainless Steel Recycling

View Point 30 India Eyes Trade Resolution

12 Redefining Iron Ore Pellet
Specifications for Rotary
Amid Tariff Setback

Kiln DRI Plants

Narendra Singh Rathor
US Tariff Hike May
Spark Steel
Challenges for India

Feature
16 Where Innovation
Meets Steel
US Tariff Hike Triggers Concerns for
Indian Steel Industry

32 Jindal Stainless Urges

Import Duties
to Protect MSMEs
Tata BlueScope Launches
20 ArchiNature
India's Rapid Growth Under NDA:
Srinivasa Varma

India May Raise Steel Import Safeguard

Analysis Duty to 24%
22 India's Mining Goes Green
with Lloyds Metals Statistics
Auto Industry sees steady growth in
34 May 2025: SIAM

editorial@metalworld.co.in
04 April 2025
 Face to Face

Future of Zinc
in India:
Growth, Demand
& Opportunities
Arun Misra
CEO
Hindustan Zinc Ltd.

Arun Misra is the CEO of Hindustan Zinc Steel. Zinc is primarily used
Ltd., a subsidiary of Vedanta Limited and India's for steel galvanization, that
largest integrated zinc-lead-silver producer. protects steel from
corrosion - a significant
With decades of experience in the mining and
issue costing India up to 5%
metals sector, he has played a pivotal role in of its GDP annually.
driving sustainable mining practices, The global refined zinc
technological advancements, and operational market is forecasted to
excellence. Under his leadership, Hindustan remain in deficit in 2025
while Indian markets will
Zinc has strengthened its position as a global
witness a healthy demand
leader in zinc production while emphasizing for zinc. At present zinc is
ESG (Environmental, Social, and Governance) fetching high premiums due
initiatives and innovation in the industry. to supply shortfalls and
D.A.Chandekar, Editor & CEO of Steelworld rising demand as the
production is forecasted to
magazine had an exclusive interaction with
be in deficit. In India,
Arun Misra CEO of Hindustan Zinc Ltd., to get Hindustan Zinc has
insights into present situation in the global and maintained production in
Indian zinc markets, the future of zinc market in alignment with the Indian
India, How do global economic trends impact demand with an unmatched
competitive advantage as an
Hindustan Zinc, etc
integrated producer of this
critical metal.
1. How is the present and strong rebound post 2. How do you see the
situation in the global and covid restrictions removal. future of zinc market in
Indian zinc markets? Steel, a major raw material in India?
Globally, zinc production India's infrastructure push In 2025, global steel
was flat in the last 5 years. witnessed the highest demand is expected to grow
However, the growth of growth in terms of by 0.5-1.5%, whereas India is
Indian demand and percentage increase making expected to lead the steel
production was at CAGR 5% our country the second demand growth underpinned
on the back of country's largest steel producer by its expanding
massive infrastructural push worldwide as per Ministry of infrastructure and

06 April 2025
 Face to Face

portfolios online and brings

ease of doing business for
customers on their
fingertips. The platform
hosts several industry-first
features globally such as,
live shipment tracking,
financial ledger
reconciliation, online price
discovery and many more.
Traditionally, zinc
procurement process
involves customers to keep
track of price movement,
construction projects, rely heavily on metals like
discuss on various
eventually increasing the zinc. Its use in galvanization
parameters which is often
demand for zinc and making will ensure durability and
complex and time
India the third largest zinc longevity of public
consuming, plan metal
consumer globally. infrastructure ensuring that
buying in advance with no
The demand will be driven it will last for generations,
visibility of pricing
by key sectors like while its role in clean
opportunities. Vedanta Metal
infrastructure, automotive technologies and energy
Bazaar simplifies this
and emerging applications storage highlights its
process, providing a
such as energy storage, importance in the nation's
streamlined, digital-first
defence and renewable progress.
solution that enables
businesses to procure zinc
efficiently and cost-
effectively.
As the world's second-
largest integrated zinc
producer, Hindustan Zinc is
committed to sustainability
and innovation. We have
launched Asia's first low-
carbon zinc, EcoZen, offering
customers a competitive
edge in decarbonizing their
own value-chain. Produced
using renewable energy,
EcoZen has a carbon
energy. The infrastructure 3. What are the new-age
footprint 75% lower than the
sector, particularly in initiatives of Hindustan Zinc
global average and supports
emerging economies like in digitalization and product
the transition to a low
India, will remain the largest development?
carbon economy.
consumer of zinc due to Hindustan Zinc has
Zinc is expanding its role
increasing investments in ushered into a new era of
beyond traditional steel
ambitious projects such as online metal buying through
applications, demonstrating
roads, railways, public Vedanta Metal Bazaar.
its versatility across various
infrastructure and smart Vedanta Metal Bazaar, an
industries. It is gaining
cities. innovative e-commerce
traction in the energy
India's growth and platform offers one of the
infrastructure development world's largest zinc product

08 April 2025
08 Jan 2025
 Face to Face

the industry.
5. What does the zinc
producing industry expect
from policy makers?
The zinc producing
industry expects the sector
to not overly rely on imports
of scrap & waste metals &
minerals owing to
questionable quality.
Historically, global
manufacturers tend to dump
low-quality scrap and waste
in developing economies
leading to poor quality of
end-use products. To avoid
such issues, the government
storage sector, and impacted construction and should introduce quality
Hindustan Zinc is also automotive industries. standards linked to the
exploring the application of Despite these headwinds, specific end-use of the
zinc in the battery Hindustan Zinc's strategic critical minerals on this list.
ecosystem. These batteries focus on cost optimization, This will help create a
offer a safer, more stable operational efficiency, and sophisticated production
alternative to lithium-ion volume expansion has ecosystem that promotes
batteries. Unlike lithium, ensured strong financial and high-quality end products
which is expensive and operational performance. through the use of high-
imported, zinc is abundant The company's resilience quality raw materials.
in India, making zinc-based and dynamic decision-
energy storage solutions making have enabled it to
more cost-effective and
locally viable. Zinc-based
batteries provide long-
duration storage, enhanced
energy performance, lower
ownership costs, and
reliable operation in all
weather conditions, making
them highly versatile.
4. How do global
economic trends impact
Hindustan Zinc?
The global economy
remains volatile due to
monetary tightening, supply
chain disruptions, and
geopolitical tensions. A
slowdown in China's
economic recovery has
contributed to a dip in global meet annual targets and
zinc demand, while crises in achieve record cash flows,
the US banking sector have reinforcing its leadership in

10 April 2025
 View Point

Redefining Iron Ore Pellet

Specifications for Rotary
Kiln DRI Plants
In any process industry, including parameters like load pressure, the
key performance indicators size distribution and cold mechanical stress on pellets
such as efficiency, crushing strength (CCS). is significantly reduced.
productivity, product quality, However, this one-size-fits-all Given these contrasting
and profitability are approach may no longer be process dynamics, it is both
crucial—and the iron and suitable, given the logical and necessary to
steel sector is no exception. fundamental differences in redefine the physical and
While the Direct Reduced process conditions between mechanical properties of
Iron (DRI) industry has blast furnaces and rotary pellets specifically for rotary
evolved over time, there kilns. kiln applications. Doing so
remains significant In blast furnaces, pellets could unlock substantial
untapped potential for experience significant Narendra Singh benefits:
technical improvements and vertical drop heights and Rathor  Energy savings in the
process optimization. high static loads on the bed. Proprietor, pelletization process
One such opportunity lies in These conditions demand N.S.Rathor  Improved throughput in
re-evaluating the physical high mechanical strength Consultants both pellet plants and
specifications of iron ore and specific sizing to ensure DRI kilns
pellets used in rotary kiln DRI structural stability and gas
 Enhanced cost-
plants. At present, many DRI permeability. In contrast,
effectiveness across the
plants continue to adhere to rotary kiln DRI plants operate
supply chain
pellet specifications under very different
This overlooked area now
originally developed for blast conditions—with minimal
calls for focused attention
furnace operations, vertical fall and lower bed

12 April 2025
 View Point

from DRI industry

professionals, researchers,
and process engineers. A
collaborative, data-driven
reassessment of pellet
specifications could lead to
the development of
application-specific
standards that better align
with the operational realities
of DRI kilns.
In conclusion, redefining
pellet parameters for DRI
kilns is not merely a
technical adjustment—it is a
strategic step toward
advancing the industry's
efficiency, sustainability, and
competitiveness. It's time
for the industry to shift from
legacy specifications to
tailored solutions for the
evolving needs of rotary kiln-
based DRI production.

14 April 2025
 Feature

Where Innovation Meets Steel

In the highly competitive is built with a focus on long- but also higher production
and quality-driven world of term operational stability, yields and reduced
steelmaking, the final high dimensional accuracy, operational waste.
product is more than just and enhanced surface What truly sets Concast
output—it is a reflection of quality. Leveraging the latest apart in this domain is our
your company's advancements in continuous customer-centric approach.
commitment to excellence. casting technology, Concast We believe that no two
At Concast (India), we machines ensure a uniform plants are the same, and
understand that delivering therefore, each machine we
top-tier steel products deliver is custom-engineered
demands machinery that to align with the specific
operates at the intersection layout, capacity, and process
of technological innovation, requirements of the client's
mechanical durability, and production line. This ensures
metallurgical precision. optimal integration and
That's why we offer high- performance from day one,
performance Continuous leading to fewer breakdowns,
Casting Machines (CCMs) enhanced reliability, and
that are engineered to better alignment with quality
empower our customers targets. Whether the goal is
with consistency, efficiency, to modernize existing lines or
and superior quality in every install a new production
cast. and precise shape, smooth system, Concast (India)
Our CCMs are designed to finish, and minimized works closely with its clients
produce a diverse range of deviations—enabling from design to
products including TMT steelmakers to achieve not commissioning and beyond.
bars, wire rods, flats, bars, only superior product quality Our commitment goes
strips, and plates. Each unit beyond machines—it extends

16 April 2025
 Feature

At Concast (India), our

promise is simple: “Trust
Concast, and we will make it
worthwhile.” We continue to
support our customers in
their journey toward
operational excellence, and
we do so with a deep sense
of purpose, responsibility,
and engineering brilliance.

to the core values we successful

uphold. At Concast, installation, we
innovation, engineering reinforce our
precision, and customer reputation as the
success are more than preferred technology
ideals—they are the partner for quality-
foundation of every project conscious
we undertake. Our steelmakers who
engineering and refuse to
metallurgical teams compromise on
continuously push the performance or
boundaries of design to precision.
improve casting techniques,
reduce energy consumption,
and improve the overall
efficiency of steel
production. Each CCM
reflects decades of expertise
and an unwavering drive to
help our customers achieve
world-class results.
Over the years, Concast
(India) has earned the trust
of leading steel producers
across India and the globe.
These producers rely on us
not just for equipment, but
for performance-enhancing
solutions that help them
meet evolving market
demands and stay
competitive. With each

18 April 2025
 Feature

Tata BlueScope Launches

ArchiNature
future-forward topics like
sustainable materials and
human-centric design.
Mr. Anoop Kumar Trivedi,
Managing Director, described
ArchiNature as more than a
publication — it's a mindset
shift. “Trust is our
foundation, and this
magazine reflects our long-
term commitment to
responsible design, creativity,
and building for future
generations.”
Tata BlueScope Steel, a community of architects, Guest of Honor Mr. Rahul
leader in coated steel designers, engineers, Sathe emphasized the
solutions, has introduced the students, and educators. magazine's relevance, calling
debut edition of its corporate The inaugural issue brings it “a much-needed platform
magazine, ArchiNature. This to life inspiring stories of for unified, sustainable, and
quarterly publication, architecture with impact: conscious design thinking.”
launched during the  Pune Metro: A seamless With curated essays, expert
company's recent blend of heritage insights, and powerful
Sustainability Townhall, is aesthetics and modern visuals, ArchiNature is poised
dedicated to fostering infrastructure. to become a key knowledge
meaningful conversations hub for the industry. Editor
 Rajiv Gandhi Indoor
around architecture that and CMO, Ms. Priya Rajesh,
Stadium, Guwahati: A
balances human ingenuity summed it up beautifully:
powerful example of
with nature. The event also “This magazine captures the
architectural revival and
featured renowned architect belief that innovation isn't
energy efficiency.
Mr. Rahul Sathe, Executive just about new materials, but
 Shirodkar Preci
Director at CCBA Designs. about sparking new
Components, Nashik: A
More than just a magazine, conversations.”
bold reimagining of
ArchiNature is an extension Through ArchiNature, Tata
industrial design through
of Tata BlueScope Steel's BlueScope Steel is not just
form and façade.
purpose-led mission of launching a magazine — it's
It also spotlights Tata
#ShelterForAll, championing igniting a movement. A
BlueScope Steel's CSR
design that is inclusive, movement that redefines
efforts, celebrates young
community-driven, and construction with creativity,
talent via the IDEA Architect
rooted in sustainability. It's conscience, and
Design Awards 2024, and
designed as a platform for collaboration at its core —
shares insightful interviews
knowledge exchange, one project, one idea, one
with industry thought leaders
collaborative innovation, and conversation at a time.
like Sriprakash Shastry and
thoughtful dialogue —
Ajay Rattan, who discuss
drawing together a

20 April 2025
 Analysis

India's Mining Goes Green

with Lloyds Metals
~ Commemorating World community-driven of LNG for ore
Environment Day 2025 with environmental renewal. transportation.
Landmark Green Initiatives Sustainable Transformation  Renewable energy
in Mining, Logistics, Energy, at Surjagarh Mine MoUs signed; supply set
and Community Lloyds' flagship Surjagarh to begin in Q2 FY25.
Development ~ Mine is undergoing an These advancements align
On the occasion of World ambitious green overhaul: with India's Net Zero goals,
Environment Day 2025,  Elimination of 32,000 making the mine a national
Lloyds Metals and Energy tonnes of CO₂ benchmark in sustainable,
Limited (LMEL), in tech-driven mining practices.
annually, with a goal to
collaboration with the Lloyds Quote from Leadership
reach 50,000 tonnes
Infinite Foundation, “At LMEL, sustainability is not
through renewable
launched a series of just compliance—it's about
energy use.
groundbreaking transforming industry
 Implementation of the
sustainability initiatives. norms,” said B. Prabhakaran,
world's first Electric
These efforts are centered Managing Director. “From
Compressor Excavator
around transforming its innovating green mining
Mounted Drill, ensuring
Surjagarh Iron Ore Mine in models to restoring tribal
100% electric drilling.
Gadchiroli, Maharashtra into ecosystems, we're redefining
the nation's first certified  Rapid expansion of the
how industry and nature can
'green mine', positioning electric vehicle fleet,
thrive together.”
LMEL as a pioneer in eco- projected to exceed 100
EVs by FY26. Green Logistics
conscious mining, low-
Breakthrough: Maharashtra's
carbon steel production, and  Electrification of key
First Slurry Pipeline
operations and adoption

22 April 2025
 Analysis

LMEL has completed and support biodiversity and

tested an 87-kilometre iron tribal involvement. Integrated Green Energy
ore slurry pipeline—the first and Circular Economy Vision
Water Stewardship and
in Maharashtra and the Biodiversity. Beyond mining, LMEL is
fourth in India: adopting a systems-based
 Cuts carbon emissions green strategy:
by 61,000 tonnes/year  Partnered with Hinduja
under conventional Renewables and
power. Amplus (Petronas
 Can potentially reduce Group) for 100 MW
emissions to zero with green energy.
renewable energy.  Using bamboo dust as
 Reduces logistics costs biofuel, cutting boiler
by ₹500–600 per tonne, emissions by 14%.
offering both ecological  100% reuse of DRI and
and financial gains. washery waste for
Turning Mining Waste into captive power
Value: BHQ Beneficiation generation.
Lloyds is spearheading Through its Lloyds Infinite
India's first initiative to Foundation, the company is
process Banded Hematite also fostering community-led
Quartzite (BHQ), traditionally environmental conservation,
considered waste: climate education, and
sustainable growth in tribal
 Targeted 15 MTPA
Efforts in water regions.
high-grade concentrate
from 45 MTPA capacity conservation include: Shaping India's
(Phase 1 by FY27).  Restoration of Hedri and Sustainable Industrial Future
 Incorporates high- Manger water bodies, As India advances toward
efficiency HPGR and adding 1.45 lakh cubic its Net Zero future, Lloyds
vertical mills (30–40% metres in capacity. Metals and Energy Limited is
more efficient).  85% reuse of treated taking a leadership role. With
wastewater via in-house initiatives turning mines into
 Supports circular
STPs. green zones, optimizing
economy and reduces
logistics, repurposing waste,
dependence on high-  Added solar lighting,
and nurturing green skills,
grade ores. recharge wells, and
LMEL is redefining what
Mission Green: Large- green zones to enhance
sustainable industrial growth
Scale Ecological Restoration sustainability and
looks like.
Under its 'Mission Green', the safety.
About Lloyds Metals and
company has: Green Skilling: Eco-
Energy Ltd.
 Planted over 3 lakh Friendly Training Programs
With over five decades in
trees across mines, LMEL is promoting green
the metals and mining
housing, and public skills through simulator-
sector, LMEL is a trusted
areas. based welding training:
provider of iron ore, DRI, and
 Dedicated 377 hectares  Zero waste, zero
pellets, supplying major
for compensatory emissions, and zero
steelmakers domestically
afforestation, now consumables.
and globally. Listed on BSE
declared a reserved  Low energy usage. and NSE, the company
forest.  Over 40 individuals operates across
 Introduced fruit gardens trained, with plans to Maharashtra with:
and native plantations to scale the program.  10 MTPA iron ore

24 April 2025
 production
 0.34 MTPA DRI and 2
MTPA pellet capacity
(with Mandovi River
Pellets)
 34 MW captive power
The company is now
expanding into steel
production with:
 1.2 MTPA long
products
and 3 MTPA flat
products
 Planned scale-up of DRI
to 0.7 MTPA, iron ore to mine is more than a
25 MTPA, and pellet milestone—it is a blueprint
output to 12 MTPA for the future of Indian
These ventures will be industry. As these initiatives
powered by renewable scale, LMEL is poised to play
energy, ensuring sustainable a pivotal role in shaping
and cost-effective industrial India's Net Zero journey,
growth. driving inclusive progress for
As India accelerates both people and the planet.
towards a greener, more
resilient industrial
ecosystem, Lloyds Metals
and Energy Limited (LMEL)
stands at the
forefront—demonstrating
that profitability and
sustainability can go hand-
in-hand. By pioneering green
mining, eco-conscious
logistics, renewable energy
adoption, and large-scale
community engagement,
LMEL is redefining
responsible growth for the
entire metals and mining
sector. With its forward-
thinking vision, robust
implementation, and
commitment to
environmental regeneration,
LMEL isn't just adapting to
change—it's leading it.
Lloyds' bold
transformation of the
Surjagarh Mine into the
country's first certified green

26 April 2025
 News Update

Tata Steel Strengthens Production with now recognized as a

Kalinganagar Expansion benchmark in the
country's growing
recycling sector.
What started as a
family-owned venture
has transformed into
a pioneering
business model. "Our father laid the groundwork, but it
was Rakesh's initiative to steer the company toward
recycling that truly reshaped our journey," shares Manish
Garg. India's heightened environmental consciousness
and evolving regulatory frameworks have further
emphasized the importance of sustainability. By
producing 60,000 metric tons of stainless steel annually,
HUDEI is not only reducing carbon emissions but also
Tata Steel Limited has marked a major milestone by promoting cleaner, more responsible industrial
practices—a mission the Garg family holds close to their
inaugurating Phase Two of its state-of-the-art steel plant
heart.
in Kalinganagar, Odisha. This strategic expansion
To meet the increasing demands of quality and
significantly increases the plant's crude steel production
environmental compliance, HUDEI installed a cutting-edge
capacity from 3 million tonnes per annum (TPA) to 8 sorting plant in 2023, integrating STEINERT's sensor-
million TPA. The upgrade reflects Tata Steel's based technology. This investment aimed to prepare the
commitment to scaling its manufacturing capabilities and company for future challenges while setting a benchmark
strengthening its position as a leading player in the Indian for other recyclers. The core of the system—the
and global steel industries. STEINERT ISS—uses induction sensors to detect and sort
The Kalinganagar facility is one of Tata Steel's most metals with remarkable accuracy, even at less than 1 mm
modern and technologically advanced plants, playing a sensitivity. This has allowed HUDEI to deliver highly
key role in its long-term growth strategy. With the purified stainless steel, boosting both domestic and
completion of Phase Two, the plant is now better international market potential. "STEINERT's machines are
equipped to meet the rising demand for high-quality steel not only durable and precise but are also easy to
use—making them ideal for India's recycling industry,"
across infrastructure, automotive, and construction
notes Rakesh Garg.
sectors. The expansion also aligns with the company's
Beyond the equipment, HUDEI valued the strong
vision to enhance operational efficiency, environmental
collaboration with STEINERT throughout the project.
sustainability, and digital integration in its production
From initial testing to fine-tuning operations, the hands-on
processes. support helped the team achieve a smooth and rapid
This development is not only significant for Tata Steel but deployment. "We weren't just investing in machinery—we
also for the state of Odisha, as it is expected to generate were gaining knowledge," adds Manish. This approach
substantial employment opportunities and stimulate reflects HUDEI's commitment to continuous learning and
regional economic growth. The company continues to technological excellence.
invest heavily in innovation and capacity building, ensuring By launching this advanced sorting facility, HUDEI is
it remains competitive and future-ready in a rapidly setting a powerful precedent for the future of recycling in
evolving market. The Kalinganagar expansion is a clear India. The Garg brothers are proving that tradition,
reflection of Tata Steel's forward-thinking approach and innovation, and sustainability can go hand in hand. Their
unwavering dedication to national industrial development. partnership with STEINERT not only marks a turning point
for HUDEI but also serves as an inspiration for other
Indian metal recyclers to embrace technology for better
Shaping a Sustainable India with efficiency and market expansion.
Stainless Steel Recycling Looking ahead, HUDEI aims to remain at the forefront of
Two brothers at the helm of HUDEI Metals Pvt. Ltd. are India's recycling industry. Even as the next generation
redefining the future of scrap sorting and recycling in prepares to step in, the company's mission is clear: to
India. Founded four decades ago by Brij Mohan Garg as a build a sustainable, high-quality value chain that benefits
metal trading company, HUDEI has evolved into a leader businesses, the environment, and the nation. Summing up
in stainless steel recycling under the leadership of his their philosophy, Manish echoes Ratan Tata's famous
sons, Rakesh and Manish Garg. With a focus on words: "Once you deliver quality, you win attention." With
innovation, sustainability, and technology, the company is this as their guiding principle, HUDEI is well-positioned to
shape the future of metal recycling in India.

28 April 2025
 News Update

India Eyes Trade Resolution Amid glut, driving down prices and hurting domestic
Tariff Setback manufacturers. India has already imposed a 12%
The U.S. government has safeguard duty in April 2025 to prevent such a scenario,
imposed a steep 50% tariff which helped cut April imports by over 11% and pushed
on steel and aluminum steel prices up by ₹2,000 per tonne.
imports from India, sparking While this benefits local producers, rising prices could
concern among Indian strain consumers. Some experts have called for raising
exporters and industry the safeguard duty to 24%, but warn that continued
experts. While officials like reliance on import protection could hinder India's ambition
Steel Minister H.D.
to become a global steel manufacturing hub. Union
Kumaraswamy argue that
Minister HD Kumaraswamy admitted a "minor impact"
the impact will be limited due to India's relatively small
share in U.S. steel imports, many industry analysts believe due to existing shipments arriving post-June 4 that may
otherwise. They warn that the U.S. has become a key now face the steep tariff. Economists urge a balanced
market for Indian steel and aluminum, and these new strategy that strengthens domestic capacity while
duties could severely hurt India's competitiveness, remaining globally competitive.
especially in sectors like automotive components,
construction, and industrial goods. Exporters estimate US Tariff Hike Triggers Concerns for
potential annual losses of up to $2 billion if demand from Indian Steel Industry
the U.S. drops significantly.
This move further complicates the already sensitive trade
talks between India and the U.S., which were ongoing.
Indian trade bodies have criticized the unilateral
imposition of tariffs, particularly as countries like the UK
have received exemptions. Industry associations,
including the Aluminum Association of India and the
Federation of Indian Export Organizations, have
highlighted that Indian producers will now struggle to
maintain their pricing edge in the U.S. market. The Global
Trade Research Initiative (GTRI) suggests that instead of
retaliating, India should use its free trade negotiations with
the U.S. to push for a mutually beneficial
resolution—perhaps trading lower tariffs for greater The United States has raised import tariffs on steel and
market access in other sectors. aluminium from 25% to 50% as of June 4, aiming to boost
its local industry. While the UK is exempt due to a trade
US Tariff Hike May Spark Steel agreement, other countries like India could face indirect
Challenges for India challenges. Though India's direct steel exports to the US
are relatively small, experts warn of broader
On June 4, the United States
consequences.
doubled its import tariffs on
Indian companies operating within the US might avoid the
steel and aluminium from
full impact, but the bigger concern is global trade shifts.
25% to 50%, a move intended With China likely to redirect its surplus steel to markets
to strengthen its domestic like India, domestic producers could be hit by a flood of
manufacturing and metal cheaper imports. To prevent this, India had already
sectors. While the UK has imposed a 12% safeguard duty in April 2025, which
been exempted due to a helped reduce steel imports by over 11% and led to a
standing trade agreement, ₹2,000 per tonne rise in domestic steel prices.
other nations including India While these measures help Indian manufacturers, higher
will feel the ripple effects—though experts say the direct prices could burden local consumers. Some experts
impact on India will be limited due to its smaller export suggest raising the duty further to 24%, but caution that
share to the US. excessive protectionism may hurt India's long-term goal
Indian companies with production units in the US may be of becoming a global steel leader. Union Minister HD
somewhat shielded, but industry watchers are more Kumaraswamy acknowledged a limited impact on India,
concerned about indirect consequences. The biggest risk especially for shipments arriving after June 4 that now fall
is that steel exporters like China, now restricted from under the new tariff. Experts recommend a balanced
accessing the US market, may divert their excess steel to trade policy that supports both industry growth and
other countries such as India. This could lead to a supply competitiveness.

30 April 2025
 News Update

Jindal Stainless Urges Import Duties as housing, clean drinking water, and transportation—have
to Protect MSMEs played a crucial role in the country's economic rise.
Focusing on Andhra Pradesh, he said ₹2,500 crore was
At the Global Stainless
allocated in 2014–15 for building the new capital
Steel Summit in
Amaravati, along with funds for enhancing rail
Mumbai, Ratan Jindal,
connectivity. He emphasized that A.P.'s development has
Chairman of Jindal
been closely supported by the Centre, citing the ₹12,000
Stainless, appealed to
crore sanctioned for the Polavaram irrigation project and
the Indian government
financial assistance for the revival of the Visakhapatnam
to impose import duties
Steel Plant. He added that proposals from the State are
to protect domestic industries, especially micro, small,
being cleared promptly by the Central government.
and medium enterprises (MSMEs), from a surge of cheap
Other prominent BJP leaders present at the event included
stainless steel imports from countries like China and
Shiv Prakash, Somu Veerraju, Kamineni Srinivas, C.
Vietnam.
Adinarayana Reddy, V. Parthasarathi, N. Eshwar Rao, and
Jindal noted that many exporting nations offload their
State general secretaries Garapati Seetharamanjaneya
surplus stainless steel into India via countries that have
Chowdary and Sannapureddy Dayakar Reddy.
Free Trade Agreements (FTAs), such as Vietnam, which
harms Indian MSMEs by undercutting their prices. India May Raise Steel Import Safeguard
Despite India having an installed stainless steel capacity
Duty to 24%
of 7.5 million tonnes, only 60% is currently utilized,
signaling untapped growth potential if fair trade The Indian government is considering increasing the
conditions are established. safeguard duty on steel imports from the current 12% to
To address dumping concerns, the Indian Stainless Steel 24%, following complaints about Chinese exporters
Development Association (ISSDA) is preparing to submit attempting to bypass the existing measures, according to
a request to the Directorate General of Trade Remedies The Times of India.
(DGTR) for an investigation into unfair imports. In FY25, A government source revealed that Chinese
India imported 1.73 million tonnes of stainless steel, manufacturers are reportedly trying to circumvent the
mainly from China, Indonesia, Vietnam, and South Korea. safeguard duty to avoid its impact. In response, Indian
Jindal also called for a dedicated policy framework for the authorities are exploring different options to address this
stainless steel sector to support the 'Make in India' issue.
initiative and strengthen domestic manufacturing, With Chinese steel facing restrictions in markets like the
ensuring India can compete globally and protect local US, concerns about trade diversion to India have grown.
enterprises from unfair competition. India is perceived as a potential destination for dumped or
subsidized steel products. Meanwhile, smaller domestic
India's Rapid Growth Under NDA: players are worried about higher costs caused by
Srinivasa Varma increased prices from local producers due to these
Union Minister of safeguard duties. The government aims to strike a
State for Heavy balance between protecting local manufacturers and
Industries and Steel, safeguarding consumer interests.
Bhupathiraju Currently, India has imposed a temporary 12% safeguard
Srinivasa Varma, duty on select steel imports, effective from April 21, 2025,
highlighted India's for 200 days, unless amended or revoked earlier. These
remarkable measures are designed to support Indian steel producers.
progress during the
Additionally, India has prioritized the use of locally
11 years of NDA rule under Prime Minister Narendra
produced steel in government projects. New regulations
Modi. Speaking at a BJP-organised workshop in
mandate that all steel used in government-funded works
Vijayawada on Wednesday, he credited this leadership
must be “smelted and cast” domestically, ensuring the
with elevating India to the world's fourth-largest
steel is manufactured from raw materials within India.
economy, up from the 11th position in 2014.
Mr. Varma expressed confidence that India is on track to
become a developed nation by 2047 and will soon claim
the position of the third-largest economy. He also noted
that India remained resilient during the COVID-19
pandemic, unlike many developed nations. Over the past
decade, key welfare and infrastructure programs—such

32 April 2025
 Statistics

Auto Industry sees steady growth in May 2025: SIAM

India's auto market remained steady in May 2025, as Overall, domestic wholesale volumes across passenger
two-wheelers bounced back after a weak April, while vehicles, two-wheelers, three-wheelers and quadricycles
passenger vehicle sales dipped slightly due to a record- rose by 1.54 percent year-on-year to 20,54,526 units in
high base last year. According to data from the Society May 2025, compared to 20,23,371 units in the same
of Indian Automobile Manufacturers (SIAM), overall month last year. Total vehicle production stood at 25.82
lakh units for the month.
dispatches showed modest growth, with mixed
Industry leaders remain cautiously optimistic about the
performance across key segments.
months ahead. According to SIAM, the Reserve Bank of
According to data released by the Society of Indian
India's recent monetary easing and a positive monsoon
Automobile Manufacturers (SIAM), wholesale dispatches
outlook are expected to boost affordability and improve
of passenger vehicles in the domestic market fell by 0.8
consumer sentiment. The RBI has cut the repo rate by a
percent year-on-year to 3,44,656 units in May 2025,
total of 100 basis points over the last six months.
compared to 3,47,492 units in May 2024. Despite the
marginal decline, May 2025 still recorded the second-
Commenting on May-2025 performance, Mr Rajesh
highest passenger vehicle sales for the month of May on
Menon, Director General, SIAM said, “All vehicle segments
record. Utility vehicles continued to lead the segment,
posted stable performance in May 2025. Passenger
accounting for nearly 65 percent of all PV sales.
Vehicles segment posted sales of 3.45 Lakh units, though
Two-wheeler sales rose by 2.2 percent year-on-year to
2nd highest ever of May, the segment de-grew marginally
16,55,927 units in May 2025, up from 16,20,084 units a
by (-) 0.8% compared to May 2024, three-Wheelers de-
year earlier. This marked a strong recovery from April
grew by (-) 3.3% compared to May of previous year, with
2025, when sales had dropped by 16.7 percent to
sales of 0.54 Lakh units, while Two-Wheeler segment
14,58,784 units due to a high base and weak rural
grew by 2.2% in May 2025, as compared to May 2024,
sentiment. The recovery in May was supported by
with sales of 16.56 Lakh units. Going forward, the RBI's
improving rural demand, new product launches and
three repo rate cuts totalling 100 basis points in less than
expectations of above-normal rainfall.
six months, along with a forecast of above-normal
Three-wheeler sales, however, saw a dip of 3.3 percent
monsoons are some of the indicators which should
year-on-year to 53,942 units, down from 55,763 units in
positively impact the Auto sector by improving
May 2024. The month also saw the dispatch of one
affordability and boosting consumer sentiment in the
quadricycle.
coming months.

34 April 2025
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