Global Consulting Firm McKinsey in a recent report highlighted that raw material shortages have the potential to disrupt the market for direct reduced iron

The company’s newly acqui and Steel reported production of 0.69 million tonnes in Q1 of FY 22.

However, the company said that the exports were impacted by logistical challenges posed by adverse weather conditions leading to congestion at ports.

RK Goyal, MD, Kalyani Steel, talks about the effect of steel price trends on broader industry and the high demand from auto sector.

In June alone, it produced 1.37 MT, up 18 per cent from 1.16 MT in the same month of 2020.

"He further directed the CPSEs to align their business activities to remain competitive in the market," the Ministry said.

State-owned NMDC said its board has approved the de-merger of NMDC Steel Limited.

The company had produced 1.67 MT of steel in same of period of financial year 2020-21, JSPL said in a statement.