CATEGORIES
Seaborne coking coal offers move up in September
Seaborne coking coal offers rose in September on rebound in actual transaction prices. The premium variety was quoted at $133 per ton FOB Australia on September 25 as against $106 on August 31.
Major Aussie coking coal project goes underway
15 mtpa capacity eyes China, India markets
“There is lot going for Green furnace in terms of performance and new features.”
With a mission to achieve 300 million tons of steel capacity by 2030, secondary steel sector will also play a major part in achieving the target. Estimates of contribution of the secondary sector vary widely from 30 percent to 50 percent. Steel production via induction furnace is the least capex intensive, less gestation period and has significant operational advantages. Megatherm is among the top three manufacturers globally and is dedicated to bringing about an energy saving revolution in the sector. Satadri Chanda, executive director of Megatherm Group tells Tamajit Pain, the key opportunities and challenges before the sector.
Traffic of major ports down 16.56% till August
The 12 major Indian ports handled 245 mt of total traffic in April-August, lower by 16.56% from 294 mt recorded in the corresponding period of last year, according to data released by IPA.
Railways' iron-ore handling down 12.5% in April-August
Railways in AprilAugust transported 12.5% less iron ore at 53.75 mt compared with 61.45 mt during same period previous year. Revenue from iron ore transportation during April-August was ₹4,061 crore, down 6% from ₹4,324 crore earned during same period of previous year.
Demand dodges Covid curveball
Consumption of steel is reviving across most sectors pushing up prices
Board restructuring to make SAIL more agile
Considering the revised cost estimates approved so far, the indicative investment for modernisation and expansion plan is likely to be ₹79,420 crore. The cumulative expenditure of ₹66,585 crore has been incurred till March.
August steel import value tracked by SIMS touches highest since March
Imports crossed $1 billion before lockdown.
August crude steel production down 1% on month
India’s crude steel production at 8.478 mt in August is marginally down by 0.9% from July and 4.4% below August 2019.
India's Steel Mills Supporting Global Met Coal Demand
“Demand for Indian mills is currently being supported by reversal of steel trade flow, becoming a net steel exporter to China. This has been an important factor in some of the early resumption of procurement activity for metallurgical coal. Any sudden change in this flow could have an mpact on metallurgical coal demand in the short term.” Coronado Resources
Car Sales Rebound Ahead Of Festivities
Gradual easing down of lock-downs has helped car sales back on track as top three makers post growth in both on-year and on-month performances comparisons. A total of 234,142 passenger vehicles were sold in August 2020, registering a growth of 19.6 percent over August 2019.
‘Construction equipment biz now on revival mode'
Alike all other sectors, lockdown amid the pandemic has hit construction and engineering (CE) sector with shortage of labour, projects put on temporary halt and crunch in liquidity. However, with rural construction programs to engage migrant workers in their villages, removal of land acquisition hurdles, target to build 12,000 km of highways by FY21 and the Centre allowing construction activities and post-lockdown announcement for more projects, it seems the revival of the CE sector is now a reality, Puneet Vidyarthi, Brand Leader, CASE India tells Ritwik Sinha.
Self-reliance push to steel
Key opportunities and challenges Sumit Maitra
Seaborne coking coal offers fall in August
Seaborne coking coal offers dropped in August on low buying from China due to import restrictions and some procurement by other markets like India, industry sources said.
Iron ore shortage hurting industry
Iron ore shortage continued to hog the limelight mainly because of prevailing monsoons and auctioned mines not being fully operational, sources said.
India steel demand likely to fall steeper than most developing markets: NMDC head
State-owned iron ore miner NMDC sees Indian steel demand facing a bigger decline than most developing economies in FY21.
Current state of ferro alloys industry
Outbreak of Covid19, labour problems and lockdown to prevent the spread of coronavirus pandemic have impacted the production of steel and ferro alloys industries.
Commercial coal mine auction list shrinks
Following protests by several state governments, number of mines on offer for commercial coal mining has been dropped to 38 from the initial 41 with withdrawal of 6 mines and inclusion of 3 in the first tranche list.
Coal India plans for washeries for coking coal import substitution
With an aim to bring down coking coal imports and achieve Atmanirbharata in the supply of fuel for steel plants, Coal India has decided to focus on coal beneficiation in a bigger way, the company has disclosed in its annual report.
Commodity Risk Key Concern For Aussie Miners: KPMG
Each year, KPMG International researchers survey a sample of global mining executives to uncover what risks are top of mind for them. The results, and KPMG’s analysis of them, form the basis of the firm’s annual Global Mining Risk Survey with Australian mining risk forecast 2020/2021.
Commercial Coal Mining In India: Will The Eagles Dare?
Introduction of commercial mining couldn’t have been timed better and has generated enough curiosity and also serious interest from investors and analysts’ community across the globe.
Railways Freight Handling Rises As Economy Unlocks
Speed doubles in July on year
RESTARTING STEEL Pricing power signals recovery
After the first quarter of disrupted supply chains, sharp drop in demand, uncertainties in logistics and also liquidity constraints, Indian steel industry has regained pricing power.
Traffic handled by major ports down 20% in Q1
Movement of iron ore through the major ports showed increase of 18.83 percent during Q1 FY21 at 15.441 mt (12.994 mt).
Indian Railways' iron-ore handling down 22% in Q1
Railways in April-June transported iron ore of 28.30 mt, down 22.33% from 36.44 mt in Q1 FY20. Revenue from transportation of iron ore during Q1 FY21 was ₹2,220.09 crore, down 17.3% from ₹2,684.20 crore earned in Q1 FY20.
Tata Steel flags-off ferrous scrap for steel recycling plant
Tata Steel flagged-off the first raw material consignment of ferrous scrap on July 24 for trials at its steel recycling plant being set-up in Rohtak in Haryana.
Autoville gaining momentum in July
Country’s auto sector registered sales of 1,97,523 units in July, just 1% short of July 2019 numbers and steep 69% jump over June’s figures of 1,16,969 units.
Graphite India Sees Demand Rising In China
The global steel demand is expected to further decline in the second quarter of 2020 due to prolonged lockdowns and weaker economic activity worldwide, Graphite India has said in its recently released annual report.
Seaborne coking coal offers remain range-bound in June
Seaborne coking coal offers moved in a narrow range in June on concerns over import restrictions in China and slow buying from India. Premium variety quoted at $113/ton FOB Australia on June 29, unchanged from the price quoted on May 29. Peak down prices were at $114/t FOB Australia on June 29, unchanged from May 29 level.
May crude production up 78% on month
May crude steel production was at 5.767 mt, down 39.1% on year and was up 77.8% over April. With 78% share, private sector (7.024 mt, down by 53.3%) led crude steel production compared to the 22% contributed by PSUs.