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Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
 Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in the country. Under the proposal approved by the Indian government, the royalty rate on iron ore will be increased to 15% from 10%. The government has not yet said when the increase will be implemented.
The higher royalty rates will raise the input costs of Indian steel producers by USD 2-5 per tonne of steel produced, depending on the type and grade of iron ore used. Fitch expects iron ore mining companies in India, which largely supply domestic users, to be able to pass on the increase given tight supply domestically, raising the input costs for both integrated and non-integrated steel producers.
Fitch expects steel producers to be able to pass on their higher costs to consumers because of a likely improvement in steel demand in India. As a result, the higher royalty is unlikely to have a major impact on Indian steel producers' profit margins.
Fitch expects steel demand growth to start to improve from the second half of the fiscal year ending 31 March 2015 (FY15), supported by a pick-up in consumption following rising consumer sentiments and an expected improvement in economic growth. The improving consumer sentiment is reflected in passenger vehicle sales data compiled by the Society of Indian Automobile Manufacturers - sales volumes during June and July 2014 rose from a year earlier, compared with a 6% fall in FY14.
Steel demand in India was weak during FY14 with consumption rising by just 0.6% to 73.9 million tonnes, according to data from Joint Plant Committee, a government body that collects data on the iron and steel industry. This was due to slow growth in the key steel consuming industries of automobiles, infrastructure, construction and engineering.
Iron ore exporters, who already pay high export duties on their shipments, will face slimmer profit margins following the increase in royalty. Iron ore exports (other than pellets) already attract export duty of 30%. India largely exports lower grade iron ore fines. The additional costs while global iron ore prices remain weak will significantly impact the competitiveness of iron ore exports from the country.
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Friday, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindust ...
Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
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- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Planning Commission, India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
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