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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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Thursday, 05 March 20
SEABORNE COAL'S STRUGGLES IN ASIA ARE MORE THAN JUST CHINA CORONAVIRUS - REUTERS
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
Thursday, 05 March 20
INDONESIA'S BUKIT ASAM 2019 OUTPUT RISES 10.2% Y/Y - REUTERS
PT Bukit Asam, Indonesia’s state-owned coal miner, said on Wednesday its output in 2019 rose 10.2% to 29.1 million tonnes.
Coa ...
Thursday, 05 March 20
SEEING REMOTELY - IN SAFETY: BUREAU VERITAS PERFORMS FIRST SURVEY BY DRONE - BUREAU VERITAS
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection and certification (TIC) services has completed its first survey by ...
Wednesday, 04 March 20
AN EPIDEMIC OF UNCERTAINTY - THE CORONAVIRUS AND FORCE MAJEURE - WFW
KNOWLEDGE TO ELEVATE
Do the effects of the coronavirus give rise to legitimate force majeure claims in connection with shipbuilding contracts ...
Wednesday, 04 March 20
CHINA IMPORTED 76.8 MLN TONNES OF CRUDE OIL FOR JANUARY & FEBRUARY 2020; UP 3.4% YOY - REFINITIV | BC
The COVID-19 crisis has been gripping China already for almost two months now. It’s having a huge negative impact on the economy, and this is ...
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- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Bhatia International Limited - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
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