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Wednesday, 12 February 20
WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
 In a worrying development, global steel production slowed down considerably in the fourth quarter of 2019. In the final 3 months of 2019, total crude steel production in the 64 countries reporting to Worldsteel reached 451 mln tonnes, down -0.2 percent y-o-y from the same period in 2018, Banchero Costa said in its latest weekly report.
According to Banchero Costa, the year as a whole was still positive, with total output of 1848 mln tonnes, up +3.5 percent y-o-y. This was primarily thanks to a very strong first half of the year, when global steel production increased +4.9 percent y-o-y to 925 mln tonnes in the period January-June. Nevertheless, the global figures hide significant differences in performance across regions. China, the world’s largest producing country, continues to lead gains in steel production,
increasing +8.3 percent year-on year to 996.3 million tonnes in the 12 months of 2019, based on World steel data.
Banchero Costa further noted that, China’s share of global crude steel production increased from 50.9% in 2018 to 53.3% in 2019. China's steel output cut policy for this winter period is similarly soft to the one implemented in 2018, with more autonomy given to provincial governments, and with higher performing mills exempt from the production restrictions. This resulted in a continuation of strong steel production. Despite efforts from the government over the past few years to streamline the industry and make it more financially viable, fragmentation appears to be worsening again. Beijing set a goal for its top 10 steelmakers to own 60% of production capacity by 2020. However, production by members registered with the China Iron and Steel Association (CISA), mostly state-owned firms, grew at +5.9% year-on-year during the first 8 months of 2019. Production by non-members, mostly private firms, surged 19.4%, according to CISA.
Elsewhere, India has recently managed to overtake Japan as the world’s second largest producing country, but its economy has been slowing down considerably. India’s steel production increases just +1.8 percent year-on-year to 111.2 million tonnes in 2019. A deepening credit crunch in India's shadow banking industry following the collapse of a major infrastructure lender in 2018 has sharply dented spending on cars and real estate in India. Domestic steel consumption in September was at its lowest since the start of the fiscal year 2019/20, according to official data. India's GDP growth slowed down to a six-year low of +5% in the April-June quarter. Output from Japan, the world’s third largest producing country, decreased sharply by -4.8 percent year-on-year to 99.3 mln tonnes in 2019 said Banchero Costa.
Similarly negative news are coming from Europe. The European Union as a whole produced 159.4 mln tonnes of crude steel in 2019, down -4.9 percent year-on-year. Steel output in Germany, Europe’s industrial powerhouse, declined by -6.5 percent y-o-y in 2019 to 39.7 mln tonnes. Also in Italy, output declined by -5.2 percent y-o-y to 23.2 mln tonnes in 2019. In France there was a similar decline of -6.1 percent y-o-y to 14.5 mln tonnes. Production in Poland crashed by -10.8 percent y-o-y to 9.0 mln tonnes in the same period. The biggest jump in output in 2019 was in Iran, which saw a +30.1 percent increase to 31.9 mln tonnes.
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Sunday, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
Some ...
Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Marubeni Corporation - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Planning Commission, India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Australian Coal Association
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
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