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Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
CommodoreWorld Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September.  This is the same amount that was produced in August and is 10.3 million tons (7%) more than was reported last year for September 2017's production. The increase has been robust, but it has been Chinese steel production that has been largely accountable for the strength.  As we have discussed in previous work, China's crude steel production last month increased year-on-year by just over 9 million tons.  Globally, real weakness in steel production is being seen in many nations around the world.  This is a reflection of weakness in the global economy, Jeffrey Landsberg, Managing Director of Commodore Research & Consultancy said in his latest report.
 
He further noted that, of note is that global crude steel production outside of China totaled only 70.9 million tons last month.  This is 500,000 tons (-1%) less than was produced in August and is only 1.3 million tons (2%) more than was reported last year for September 2017's production.  This marks the smallest year-on-year growth seen since October 2016.  Of note is that several major steel-producing nations saw year-on-year declines in production including Russia, Japan, and South Korea.  A host of smaller steel producing-nations also saw year-on-year declines in crude steel production including Canada, Ukraine, Pakistan, Qatar, the United Arabic Emirates, and several nations in the European Union.  Also of note is that in the United States, crude steel production totaled approximately 7.3 million tons.  This marks year-on-year growth of 8%, which marks the largest year-on-year growth in US steel production seen this year.  As we have continued to stress, the trade war is having no negative impact on US or Chinese steel production.  


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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
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Tuesday, 14 November 23
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Tuesday, 14 November 23
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Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


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