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CY 15 CY 16
0.8 % 1628
1615
World
1.2 % 808
799
#1 China
0.3%
105.1
104.8
#2 Japan
7.4 % 96
89
#3 India
Source: WSA
IIP exhibited a slight decline
7
5.7 6 5.5
6 5.3
Mining Sec Growth (y-o-y, %)
Mining Electricity
Electricity Sector's IIP
5.2 16 14.6
6 4.7
3.9 14
4 2.9 11.3
12
1.2 1.4 1.3 9.6
2 0.8 10 8.3 8.9
0 8 6.6 6.3
-0.1 6 4.7
-2 -1.1 3.2
4 2.4
-4 -3.1 1.6
2 0.1 0.1
-6 -5.6 0
-8
Source: JPC
Indian real consumption grows by 3%
change change
Qty (y-o-y) Qty (y-o-y)
Source: JPC
World Finished Steel Demand (CY 16 & CY 17): Major consumption pockets
B) Emerging Economies:
Steel demand in emerging and developing (excluding China)
economies is expected to expand by 4.0% in 2017.
C) Developed economies :
Steel demand in developed economies is projected to increase by
1.1% in 2017.
Source: WSA
PRESENTATION OUTLINE
Q3 FY17
OUTLOOK
INDUSTRY BRIEF BACKGROUND OPERATIONAL FINANCIAL
DEVELOPMENTS PERFORMANCE PERFORMANCE
INDUSTRY UPDATE
STEEL SECTOR
Domestic Semis and steel Intermediary price trend
Semis and Sponge (Pellet) Price Trend (Raipur)
Billet
Sponge (Pellet)
25100
Scrap (Mandi) 24700
24000 23800
23300
Billet 21800
21550 21550
19550 19700
19025 18900
18675 18500
18200
Scrap (80:20)
17500
17200 17000
15100
14150 14150
13500 13575
13250 13188
Pellet Sponge
12300
11200
April Aug Sept Oct Nov Dec Jan last week Latest
38500 39750
37500
36500 37800
38325 Trade Flat Steel:
35000
- HRC & Plate prices continue to increase
35000
34500 35500 in domestic market due to RM cost push
33500
- HRC & Plate prices increased by 19-23%
April Aug Sept Oct Nov Dec Jan last week Latest (April to till date)
26900 27050
27900 - Post Aug 16 TMT & Wire Rod prices
25900
26800 26800
increased by 16-21% (April to till date) .
26500
24600 26125
25050 TMT
22200
April Aug Sept Oct Nov Dec Jan last week Latest
5200 Odisha Lumps (10-30mm, Fe 62- 63%) Odisha Fines (0-10 mm, Fe 63%)
3000
4800
Chhattisgarh DR CLO (10-40mm, Fe 65.5%) Chhattisgarh Fines (0-10 mm, Fe 64%)
4800 4575
4500 2700
4300
2400
4000 3840
4040 2243
3840 2100
3600 3840
3840
1960 1860
3130 1860
3200
1800 1800 1710
1660 1560 1760
2800 2900 1560 1660
2800 2650 1650 1460
2600 2700
1500 1600 1600
2500 2500 1560 1460
1525
2400 2400 2420 1430
22152180 2250 2300 1450
2070 1250
1200 1300 1300 1200
2000 1150
1960 1075
1050
1960
1600 900
Apr'15
Dec'15
May'15
Apr'16
Dec'16
Jun'15
July'15
Aug'15
Oct'15
Mar'16
May'16
Aug'16
Jun'16
July'16
Oct'16
Nov'15
Jan'16
Nov'16
Sep'15
Feb'16
Sep'16
Sep'16
Sep'15
Feb'16
Dec'16
May'15
Aug'15
Dec'15
May'16
Apr'15
Oct'15
Apr'16
Oct'16
Jun'15
July'15
Jan'16
Mar'16
Aug'16
Jun'16
July'16
Nov'15
Nov'16
Source: Steel Mint Odishas prices include royalty, Chhattisgarhs prices exclude royalty
Domestic Ferro Alloy and other ore price firmed up:
Price Trend: Ferro Alloy
1,03,000 1,05,000
Ferro Chrome HC 60 % (Ex Jajpur) Since April 16 - till date:
92,000 90,000 90,000
Some benchmark prices follow the following trend:
80,000 Ferro Silicon : Up by 6%
Ferro Chrome : Up by 57%
62,000 Silico Mn : Up by 7%
57,250 Mn Ore : Up by 186%
Chrome Ore : Up by 221%
W1 April July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest
'16
55,000 55,500
6,500 6,500
5,500
W1 April July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest W1 April '16 July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest
'16
119
113 112
111 110 110
109 107 108 107
105 104
100
97 98 98 96
90 91
88
85 93
83
87
82 83 83
81 81 81 81
78 79 79
77
73 73
71 70 Iron Ore CNF China
Pellets (65%) CFR China
59 59
57 57
55
9 Dec '16
23 Dec '16
29 Dec '16
02-Dec-16
19 Dec' 16
4 Oct'16
5 Nov'16
18 Nov'16
21 Nov'16
1 Feb '17
6 Feb '17
11 Oct'16
17 Oct'16
24 Oct'16
31 Oct'16
10 Jan '17
26 Jan '17
10 Feb '17
11 Nov'16
28 Nov'16
18 Jan'17
302 269
262 234
232 210
209
186 168
162 159 149
117 111
93 82
Apr-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 14th Feb Apr-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 14th Feb
'17 '17
Thermal
68%
50.0
43.1 Nuclear
5.8 2%
Source: CEA
Major Highlights (Dec 2016)
IPP 3400 MW
2 MTPA Steel Cement
5.1 MTPA Steel* CPP 1634 MW 3.11 MTPA*
Mines Road solutions
Renewable 24 MW**
LGS
*Domestic
**Divestment Announced
Steel Capacities across Life Cycle
BRM in Angul 1.4* - Commissioning in FY17 Effective Finished Steel 7.95 MTPA
Detailed plant wise capacities
Power plant
Stadiums / Airports
Industrial Buildings
Construction Solutions Business Offerings
STRUCTURAL WELDMESH/
FINISHED PRODUCTS SPEEDFLOOR DRY WALLS JGRS EPS
STEEL CUT BEND
CONSTRUCTION SOLUTIONS
BUSINESS
Products Advantages
Cost effective
Cut & Bend
Zero wastage
Instant usability
Weldmesh
Faster completion of work
JSPL - Power Capacities
Independent Power Projects (IPP)
Capacity Configurati
Project Fuel Status
(MW) on
Tamnar Capacity
Angul Project Fuel Configuration Status
(MW)
Satara
Tamnar II
Tamil Nadu Long Term Feb-14 Sep-28 400
(Phase 1)
Tamnar II
Long Term Jun-16 May-41 200
(Phase 1)
KSEB
Tamnar II
Long Term Oct-17 Sep-42 150
(Phase 1)
After commercial
Tamnar II
Long Term operation of Unit and for 60
(Phase 1)
complete life of plant
Chhattisgarh
After commercial
Tamnar II
Long Term operation of Unit and for 60
(Phase 2)
complete life of plant
Tamnar-I, 1,000 MW (EUP I) Tamnar-II - 1,200 MW (EUP II) Tamnar-II - 1,200 MW (EUP III)
TNEB 400MW
KSEB 150MW
Raw materials, transmission & PPAs in place for achieving higher PLF
Summary of International Operations
Shadeed, Oman
1.5 MT HBI , 2 MT SMS Plant &
1.4MTPA Rebar Mill an
Integrated Steel Plant
Mozambique,
Africa
Developing a 3 MTPA
coal mine in
Mozambiques coal-rich
Moatize region
Coal resources
estimated at 1.2 bn
tonnes including coking
coal
2 MTPA Steel plant Coking Coal Anthracite Coal Thermal/ Coking Coal
PRESENTATION OUTLINE
Q3 FY17
JSPLs Consolidated Steel Sales for Q3FY17 were 1.16MnT up 18% YoY (0.99MnT in Q3FY16)
JSPLs Consolidated Steel Production for Q3FY17 was 1.15MnT up 7% YoY (1.07MnT in
Q3FY16)
Indias largest Blast Furnace, all set to commission at JSPL Angul by March 2017
Obtained Mining Lease for Chilhati limestone mine, having a cumulative reserve of
21 MnT of lime stone
Barbil records 298% growth in Market sale of pellets (0.71 million tonnes in Q3 FY17
vs 0.18 million tonnes in Q3FY16)
1.6 1.32
1.19 1.16
1.07 1.15
1.4
1.2 0.35
0.35 0.28 0.31
1 0.29
0.8
0.6 0.97
0.78 0.84 0.88 0.84
0.4
0.2
0
Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17
1.4
1.6
1.11 1.08 1.16
1.4 0.99
0.4
1.2
0.33 0.27 0.32
1 0.25
0.8
0.6 1
0.74 0.78 0.81 0.84
0.4
0.2
0
Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17
Analyst Presentation
Standalone Q3 FY 17 Snapshot of Key Financials
(Figures in Rs. Crores)
- - 48
JPL Snapshot of Key Financials
(Figures in Rs. Crores)
- - 49
Future focus
Reduce Debt