Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Top Steel companies plan to make more containers in India.


Date: 05-08-2021
Subject: Top Steel companies plan to make more containers in India
The ongoing acute global shortage of containers along with a push from the government for more self-dependence in the segment has led some of India’s top steelmakers and a few wagon makers to expand into indigenous manufacturing of containers for global sea trade, almost all of which now is imported.

But capturing the market will be tough, given Indian shippers’ miniscule presence in world trade coupled with China’s global stronghold in the container-making segment.

Executives at Jindal Steel & Power (JSPL) and ArcelorMittal Nippon told ET that they were investing in building capabilities for either the specialised steel that goes into making containers or the containers themselves.

“We are seriously looking at manufacturing containers. There is a facility outside our Hazira unit, which can also be utilised for this,” ArcelorMittal India’s chief marketing officer, Ranjan Dhar, told ET.

India has the raw material and technologies to make containers, but the government also needs to incentivise this in order to encourage more players to get in, he said. JSPL has plans to make around 50,000 containers a year.

The company will expand facilities which currently have capabilities to make 1,000-2,000 containers a month, managing director VR Sharma told ET. It will invest ₹200 crore in the expansion.

JSPL manufacturers special steel which is corrosion-resistant and can be used to manufacture containers.

Tata Steel NSE -1.20 % said it has been receiving queries from its customers to supply steel for making containers.

“This segment was largely dependent on import and there is a certain shift under the ‘Make in India’ programme,” said a Tata spokesperson.

Tata steel said many wagon builders were planning to enter container manufacturing and looking to partner with companies that manufacture containers.

“Interest in container manufacturing has witnessed a dramatic rebound on the back of the global imbalance leading to a severe shortage of empty containers,” said Prahlad Tanwar, partner at KPMG. The push for indigenous containers comes amid their global shortage that started and progressively worsened during the pandemic. The shortage coupled with the fact that clusters of containers are stuck at many ports has increased their prices by 5-7 times in the last few months.

Earlier this year, state-run Container Corp of India, for the first time, floated a tender for Indian companies to make 6,000 containers for it. Braithwait and BHEL were two companies that qualified.

Source:economictimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 15-09-2021
Notification No. 73/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-09-2021
Notification No. 50/2021-Customs (ADD)
Seeks to amend Notification No. 54/2017 -Customs(ADD) dated 17.11.2017 regarding levy of anti-dumping duty on Certain Rubber Chemicals to amend the name of exporter from "Solutia Europe SPRL/BVBA, Belgium” to “Solutia Europe BV”.

Date: 13-09-2021
NOTIFICATION No. 72/2021-Customs (N.T.)
Amendment in the Notification No. 61/94-Cus. (N.T.), dated 21-11-1994

Date: 13-09-2021
Notification No. 25/2015-2020 – DGFT
Clarification on last date of import in continuation of Notification No. 20/2015-20 dated 24.08.2021.

Date: 10-09-2021
Notification No. 42/2021-Customs
Seeks to amend the notification No. 50/ 2017 -Customs dated 30.06.2017 and notification No. dated 11/2021 dated 01.02.2021 in order to reduce and rationalise the import duties on Palm, Sunflower and Soya-bean oils

Date: 10-09-2021
Notification No. 43/2021- Customs
Seeks to rescind the notification No. 34/2021- Customs dated 29.06.2021.

Date: 10-09-2021
Instruction No.20/2021-Customs
Easing availability of containers for exporters

Date: 09-09-2021
Notification No. 24/2015-2020
Amendment in Import Policy of Mercury under HS Code 28054000 and insertion of Policy Condition No. 03 in Chapter 28 in ITC(HS), Schedule I (Import Policy)

Date: 03-09-2021
Notification No. 23/2015-2020-DGFT
Inclusion of Ports of Import in continuation to Notification 20/2015-20 dated 24.08.2021.

Date: 02-09-2021
Notification No.71/2021 - Customs (N.T.)
Exchange rates Notification No.71/2021-Cus (NT) dated 02.09.2021



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001