U’khand: 12 bodies found, no trace of 154 people still
DEHRADUN: Rescue personnel on Sunday recovered the bodies of five people trapped in the 1.7-kilometre-long main tunnel of NTPC Limited’s hydropower project in Uttarakhand’s Chamoli district, and found seven more elsewhere, taking the confirmed death toll to 50 in the devastating flash floods triggered by a rockslide and the formation of a glacial lake in the mountainous terrain.
At least 154 more people are still missing exactly a week after the flash floods, which were immediately followed by the launch of the rescue operation. Around 35 people had been trapped inside the main tunnel and a smaller underground tunnel located beneath it.
The five bodies in the tunnel were recovered after the rescue workers cleared slush inside to a distance of about 130 metres.
Chamoli’s district magistrate Swati S Bhadauria said: “In the morning two bodies were first recovered inside the tunnel after clearing the muck to a distance of about 125-130 metres. Following that, three more bodies were recovered till Sunday afternoon.” “The administration has kept seven ambulances and a chopper on standby in case any of the workers is found alive from the tunnel,” Bhadauria added.
A team of rescue workers is trying to drill its way to the smaller tunnel to rescue about 30 workers trapped inside, she said.
“On Saturday, the rescue workers finished drilling vertically in the main tunnel to reach out to a small underground tunnel beneath it at a depth of 12.7 metres. They, however, hit slush after drilling to the required depth, which they have been pumping out to get inside to search for workers trapped inside it,” she said.
Rescue workers recovered seven other bodies including six from Reni village near the Rishi Ganga hydel power project, which was the first one to be hit by the flash floods in Sunday’s disaster. One body was recovered from the Alaknanda river in Rudraprayag.
Nilesh Anand Bharne, deputy inspector general of police(law & order), said that out of the 50 bodies recovered so far, 25 have been identified.
“Of the 50 bodies, 41 were recovered from Chamoli district, seven from Rudraprayag and one each from Tehri Garhwal and Pauri Garhwal districts,” said Bharne.
“Apart from the bodies, the rescue workers also recovered 23 human body parts. DNA samples of all the body parts and dead bodies have been collected to ascertain their identities.”
The police officer said rescue workers have so far “cremated 32 bodies and 11 human body parts with complete rituals and respect. The rescue agencies have also videographed and photographed the jewellery, tattoo and other identity marks of the bodies found.” “The rescue workers are working tirelessly to recover the remaining bodies. The family members can contact helpline numbers- 01372-251487 and 9084127503 for any queries or help,” said Bharne.
On Saturday night, an eightmember team of the state disastert response force, which had gone to gather information about the glacier lake about 8 kms above Reni village in Rishi Ganga, returned to Tapovan. They said the 350 metre lake was posing no threat of any more flash floods; water is continuously being drained out of the lake in the form of a stream.
MUMBAI: Steel prices are expected to fall by as much as 10% from their January highs over the next few months, industry analysts said, retreating from a runaway rise that led end-consumers to seek government intervention.
Softening of inputs costs, especially of iron ore, and increased competition from cheaper imports with India cutting customs duty on steel will likely drive down steel prices.
Domestic prices of hot-rolled (HR) coil, a flat steel product that is further processed and used in transport, construction, shipbuilding and capital goods surged 54% from a year ago in the December quarter amid a robust recovery in domestic demand and mirroring higher global steel prices.
Prices of HR coil climbed to ₹58,000 a tonne this January from ₹36,250 a tonne last June, prompting an outcry from the associations of builders and construction firms and even Union minister Nitin Gadkari.
In the budget, finance minister Nirmala Sitharaman announced a reduction in customs duty on flat steel products to 7.5% from 12.5%, and on long products to 7.5% from 10% earlier, making imports cheaper.
With HR coil prices currently settling below ₹56,000 a tonne, analysts at credit rating firm Icra predict a 10% decline in domestic prices from the highs of January as the duty cut would make imports more competitive and, in turn, exert near-term pricing pressures on domestic steelmakers. “The reduction in duties will not affect imports from countries like South Korea and Japan, with which India has a free trade agreement (FTA),” said Jayanta Roy, senior vice-president and group head, corporate sector ratings, Icra. “However, imports from China and other non-fta countries will become more cost-competitive.”
“Chinese export HRC prices have seen a 10% drop in January on lower domestic demand. Considering the lead time of about two months for imports to arrive, domestic HRC prices could correct by up to 10% by end-march to align with global prices and stay competitive in the domestic market,” Roy said.
Another factor contributing to lower HR coil prices is the cost of iron ore, a key input in steel production. State-run miner NMDC Ltd cut iron ore prices by ₹600 per tonne or about 10–12% in January, the first price cut in nine months, according to a report by brokerage Motilal Oswal.