India imports drop
India’s coking coal imports fell to 2.84 mt in June, down from 3.18 million tons (mt) in May, provisional data showed.
During the April-June period of the current fiscal coking coal imports by India fell 28.29 percent to 9.25 mt, according to provisional data with Steel Insights. Meanwhile, metallurgical coke import offers declined in July on low demand in China and India.
Sufficient supply in China and continuation of lockdown in some regions of India led to low demand and production. Onset of monsoons in India has also hampered production and supplies.
However, with government mostly in the unlock mode in India, demand and production is set to pick up by the Q3 FY21, according to analysts. This may lead to higher consumption of steel and steel making raw materials, they observed.
Metallurgical coke imports by India decreased by 56 percent to 372,076 tons during April-June quarter, compared to 849,381 tons in the corresponding quarter of the last fiscal, according to data collected from 31 ports.
Global coking coal miners bank on India recovery
Global diversified mining major Anglo American Plc is hopeful of recovery and growth of Indian steel sector driving the market for metallurgical coal.
Diese Geschichte stammt aus der September 2020-Ausgabe von Steel Insights.
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Diese Geschichte stammt aus der September 2020-Ausgabe von Steel Insights.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
