Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

RINL or Vizag steel produced 20,400mt hot metal on Tuesday, March 23, breaking its early production record of 20,350mt achieved on March 6, according to local media. The company is the only major state-owned steelmaker without captive iron ore mines.


The steelmaker is facing workers’ protests amid government’s plan to privatize the company. RINL was demerged from Sail (Steel Authority of India) in 1982.  


RINL has reported significant increase in exports in FY2021, with orders exceeding 200,000mt in March. The company expects to end the year with an all-time high of 1.3mn mt export. At the current run rate, RINL’s crude steel production is forecast to be 7mn mt in the current fiscal.


Meanwhile, earlier this week, on March 21, Sail’s Rourkela steel plant crossed 92mn mt crude steel production, which is another landmark for the oldest state-owned steel producers.



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