Daily Pour

Date: 03/07/2025   Issue No.: 3713/24-25

Compiled By: Aarti Ghag, Sr. Officer - WR

IIF News

Dear All,

Exhibit your products and skills at IFEX 2026, the biggest and most anticipated event of the foundry industry, where innovation meets precision from 12th to14th February 2026 at The Bombay Exhibition Centre, NESCO, Mumbai.

Hurry – 70% of the exhibition space is already sold out! 

Reach Us @

For IFEX 2026 Space Booking

Rakesh Jha, Mobile : +91 9311708367, Email : Ifex@indiaexpocentre.com

Subodh Panchal, Chairman IFEX, Email : subodh_panchal@hotmail.com, Website: www.ifexindia.com

For 74th IFC Queries:

Amish Panchal, Chairman, 74th IFC, Email : admin@ifcindia.net, Website: www.ifcindia.net

Thought of the Day

News Letter Supported By

Today's Top Raw Materials Headlines

*** India: BigMint's scrap index slides by INR 200/t d-o-d amid weak market sentiments

*** India: Mill scale prices show modest gains in key markets

*** India: Latest SAIL-RSP pig iron auction sees lower bids

*** India to Host Major Recycling Trade Show in Mumbai This November

*** India extends import restrictions on LAM coke by 6 months

*** India: BPCL cuts pet coke prices at Bina for Jul'25, tags at Kochi up

*** India: Silico manganese prices rise on limited supply, MOIL's hike supports positive outlook

*** India: Ferro vanadium prices climb up w-o-w on rising production cuts

*** India: Ferro molybdenum prices inch up in recent trades

Raw Material News

India: Latest SAIL-RSP pig iron auction sees lower bids

SAILs Rourkela Steel Plant (RSP) conducted an auction for 7,100 t of steel-grade pig iron on 1 Jul'25, in which the entire quantity was booked at an average price of INR 31,200/t exw. This shows a decrease of INR 800/t compared to the previous auction on 7 Jun'25, in which 3,000 t were sold at INR 32,000/t exw.

***

India: Melting scrap prices remain firm d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 2 Jul'25. According to BigMint's assessment, HMS (80:20) prices were at INR 31,500/t ($368/t) ex-yard. According to sources, there is a slight shortage of ship-breaking scrap in the market, as approximately 25-30 ships are currently being beached for dismantling. Additionally, moderate buying inquiries for scrap prompted suppliers to keep offers stable today.

***

India extends import restrictions on LAM coke by 6 months

2 Jul 2025 14:49

India has extended quantitative restrictions (QR) on low ash metallurgical coke (LAM coke) imports for another six months, from July 1, 2025, to December 31, 2025. The Directorate General of Foreign Trade (DGFT) issued the notification on June 30, maintaining country-wise quotas.

The total import volume remains at about 1.42 million tons. This extension is a setback for Indian steelmakers, who opposed the restrictions, stating it hinders expansion plans due to difficulty sourcing preferred grades domestically.

The government's decision to extend the curbs aims to encourage local procurement despite a recent downward trend in imported coking coal prices. India, the world's second-largest crude steel producer, initially considered this extension in February to promote domestic sourcing, with the Steel Ministry supporting the move in May.

This restriction applies to goods under HS codes 27040020, 27040030, 27040040, and 27040090.

Industry News

The three-day event will showcase waste management technologies across multiple sectors as India's recycling market approaches significant growth targets.

Media Fusion and Crain Communications will host the Bharat Recycling Show 2025 from November 13 to 15 at the Bombay Exhibition Center in Mumbai. The event is positioned as India's largest trade exhibition dedicated to commodity recycling.

The show will run alongside the second edition of Plastics Recycling Show India, creating a combined platform for recycling technologies across multiple industries. Organizers expect the event to bring together industry leaders, policymakers, and technology providers.

India's waste management market is projected to reach $18.40 billion by 2030, according to industry data. Currently, only 30% of the country's recyclable waste undergoes processing, indicating substantial room for expansion in the sector.

The exhibition will cover recycling technologies for metals, electronic waste, batteries, end-of-life vehicles, tyres, paper, construction materials, wood, and textiles. The metals segment includes both ferrous materials like iron and steel, and non-ferrous metals including aluminum, copper, zinc, lead, brass, nickel, gold, and silver.

Several industry associations have confirmed support for the event, including the India Lead Zinc Development Association and MTLEXS. Participating companies include LAMACART, Forest Resources, and Power Hydrotech, among others.

Taher Patrawala, Managing Director of Media Fusion, noted the growing emphasis on circular economy principles driving waste generation concerns. Matthew Barber, Global Events Director at Crain Communications, said the timing reflects momentum in India's recycling industry on national and global levels.

The event will include a conference addressing circular economy principles, packaging innovations, regulatory challenges, and emerging technologies. Sessions aim to facilitate policy discussions and accelerate adoption of waste management solutions.

The waste management sector in India faces pressure from increasing urbanization and industrial growth. Government initiatives promoting circular economy practices have created interest in recycling technologies and sustainable waste processing methods.

This marks the first major recycling trade show to cover such a broad range of commodities in the Indian market. The co-location with the plastics recycling event reflects growing integration between different recycling sectors.

***

Godrej Tooling Business Captures Growing Share of India's Electric Vehicle Manufacturing Sector

Company reports 10-15% of revenues from EV-related orders as domestic electric vehicle sales surge 28% year-on-year.

Godrej Enterprises Group's tooling division has positioned itself as a supplier to India's electric vehicle manufacturing sector, with EV-related orders accounting for 10-15% of the business unit's revenues over the past three years.

The Mumbai-based conglomerate announced that its tooling business has expanded capabilities to produce precision dies and tooling solutions for EV components, including battery boxes and sheet metal parts. The company has invested 2-3% of its revenue in research and development and advanced machinery to meet industry requirements.

India's electric vehicle market recorded 1.96 million units sold in fiscal year 2025, with May 2025 registering a 28% year-on-year increase in sales. The growth has created demand for locally manufactured precision components as automotive suppliers adapt to electric vehicle production requirements.

Pankaj Abhyankar, Business Head of the tooling division, stated that the company aims to reduce import dependence while improving production timelines and cost efficiency for manufacturers. The business serves Tier 1 and Tier 2 automotive suppliers transitioning to electric vehicle component production.

The tooling business is exploring domestic production of select tools currently manufactured overseas, with plans to develop export markets for these localized solutions. This approach aligns with the government's Make in India initiative and import substitution policies in the automotive sector.

Godrej Enterprises Group, established in 1897, operates across aerospace, energy, security solutions, and consumer durables sectors. The conglomerate has manufacturing presence across five continents and serves both consumer and industrial markets through various business divisions.

Life Style and Management

Statins linked to higher diabetes risk

A new study now finds that individuals who take cholesterol-lowering statins may be at higher risk for developing high blood sugar levels, insulin resistance, and eventually type 2 diabetes.

The study was published in the British Journal of Clinical Pharmacology.

Experts examined information from 9,535 individuals older than 45 years of age who were free from diabetes at the start of the population-based Rotterdam Study and were followed up to 15 years.

When compared with participants who never used statins, those who used statins tended to have higher concentrations of serum fasting insulin and insulin resistance.

Participants who used statins had a 38 per cent higher risk of developing type 2 diabetes during the study. This risk was more prominent in individuals with impaired glucose balance and in overweight/obese individuals.

Speaking about the study, senior author Professor Bruno Stricker said, The findings suggest that in patients who initiate statin therapy, preventive strategies such as blood sugar control and weight loss may be warranted for minimizing the risk of diabetes.

Jokes All the Way......

***

****

The Institute of Indian Foundrymen