8Demand for Indian steel is sharply down in markets abroad

Who benefits the most from the waiver of import duty on coking coal and imposition of export duty on iron ore and pellets?
8Here is a company which says it has much to gain from it

8Find out more on how “K” LINE is benefiting more from coastal traffic in steel

8Linde has got a deal going with a steel company

Fresh investment in the steel industry seems complicated at this juncture
8But in case you want to, then the government can help, it says

Bokaro steel plant is being misused by ex-employees
8Find out how that is so

8Get the latest production data on different steel items

8Know more about the PLI scheme and fresh developments 

Classic Industries and Exports is engaged in manufacturing and marketing automotive butyl tubes, mixing rubber compounds, moulds and TBMs.
8The company continues to remain debt free on a standalone basis in FY2022 and has some working capital loans in the subsidiaries

8Dow and a Saudi Arabian company signed a Memorandum of Understanding (MoU) to form a joint venture (JV) to design, build and operate a methyl diethanolamine (MDEA) plant in the PlasChem Park in Jubail, Kingdom of Saudi Arabia

The enforcement dates of Quality Control Orders for the following products have been extended for:
8Acetic Acid
8Aniline
8Ethanol
8Morpholine

8The Bio-attributed Ethylene Oxide delivers 100% substitution of fossil feedstock on a mass balance basis, as certified by RSB and ISCC

8The industry needs to tweak exposure towards sustainability tailwinds and stay relevant

8Petrochemical producers across Asia-Pacific are starting another round of output cuts at their crackers and downstream polymers plants from August and September, as weaker margins and bleak demand take hold

8Gross cracking margins for US ethane crackers remain stubbornly negative with ethane prices at a 10-year high and more ethylene supply poised to enter the market

The demand for some polyethene and polypropylene grades, used in single-use plastics, may rise in the long run in India following a ban on single-use plastics by the local government, sources said.
8Find out how that is so?

Eskay Dyestuffs & Organic Chemicals manufactures fluorescent brightening agents that find application in the textile and paper industries for enhancing the whiteness of paper and fabric.
8The customer base of the company is moderately diversified with its top three customers accounting for about 35% of the total sales

Performance Chemiserve is a step-down subsidiary of Deepak Fertilisers and Petrochemicals and manufactures nitro-phosphate (NP), nitrogen-phosphorous-potassium (NPK) and bentonite sulphur fertilisers and industrial chemicals such as technical ammonium nitrate (TAN), methanol, nitric acid and isopropyl alcohol (IPA).
8The company has entered into a take-or-pay agreement with the promoter entities, DFPCL and STL

Birla Carbon India, an Aditya Birla Group company, is a wholly-owned subsidiary of SKI Carbon Black (Mauritius) Limited, which is a wholly-owned subsidiary of SKI Investments Pte Limited. BCIPL enjoys a leadership position in the domestic carbon black industry with a production capacity of 3,89,000 metric tonnes per annum (MTPA) and sales of 3,58,979 MT in FY2022.
8It has a healthy market share in the domestic carbon black industry

Hindustan Urvarak & Rasayan is a Joint Venture Company of National Thermal Power Corporation (NTPC), Coal India Limited (CIL), Indian Oil Corporation Limited (IOCL), and Fertiliser Corporation of India Limited (FCIL) and Hindustan Fertiliser Corporation Limited (HFCL).
8It was incorporated for setting up gas-based urea manufacturing plants
8But ratings have been withdrawn, find out why

DFPCL has a broad-based product mix, derived from two streams using natural gas or ammonia as the primary feedstock.
8The company’s ability to suitably modify its product mix in response to the changes in market conditions partially mitigates the risks associated with cyclicality.
8The company has also been increasing value-added products in the chemical and fertiliser segments and the trend is expected to continue in the near to medium term

8The domestic demand outlook for the company’s key products such as TAN, IPA, and nitric acid remains healthy
8The demand for TAN will be driven by demand from the coal mining and infrastructure sectors, while demand for nitric acid would be supported by planned capacity addition in the downstream segments
8The IPA market is expected to maintain healthy growth, led by the growing end-user industry, namely the pharma sector, apart from dyes and paints

The agriculture sector in India remains vulnerable as the sector is highly regulated and remains vulnerable to the changes in regulations by the GoI.
8But otherwise, the the going is good for the ocmpany

8IPL derives a major portion of its revenues from MOP, where it is the market leader with about 64% market share in FY2022
8It also has the second-largest market share in DAP in India
8The company has one of the most extensive fertiliser distribution networks in the country, covering more than 90% of India’s villages, which is a strength considering the regional nature and freight intensity of fertiliser distribution

8Ganga Rasayanie is involved in the business of downstream refining of heavy para-xylene products to produce aromatic compounds used in paints, coatings, printing inks, varnish, adhesives, oil-feed chemical and agro-chemical industries, including insecticides and pesticides. GRPL’s revenue is derived from a diversified customer base spread across various industry segments such as paints and coatings, oil-feed chemical industry and petrochemicals, mitigating the sector-specific risks to some extent