Riding the Indian auto steel opportunity 

The Indian automotive sector is set to gain speed and, with momentum, will come unprecedented opportunities for the Indian steel industry, the country’s growth engine. The Indian automotive industry, the world’s sixth largest in terms of both volume and value, is expected to grow 4-fold by FY26 with a 10 percent compound annual growth rate (CAGR) in vehicle sales volumes. Total auto steel demand in FY16 in India is 5.5-6 million tons. Flat products account for 80 percent of steel products consumed by auto-makers. Cover Story takes a look.

In focus: Dedicated freight corridors are going to be the game-changer in mining logistics

Interview: KoPT Chairman Movva Tirumala Krishna Babu informs that the port is eying the Ro-Ro (roll on-roll off) market in a big way since the Ministry of Shipping is keen on coastal transportation of automobiles, a move that could ease road bottlenecks

Interview: Arun Jagatramka, Chairman & Managing Director, Gujarat NRE Coke Limited, says any rally in coke prices does not last for more than six months. Domestic prices recently spurted by Rs 4,000 per ton.

Responsible biz: Tata Steel’s Bokaro River Drinking Water Project, based on rainwater harvesting, is a first of its kind in the country and benefitting over 8,000 people

Also watch out for our regular sections on coking coal prices, ferro alloys and corporates.