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Friday, 08 October 21
COAL SHORTAGE MAY LEAD TO RISE IN STEEL PRICES IN COMING MONTHS: JSPL MD - PTI
 Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry executive on Wednesday.
A tonne of coal, which was in the range of Rs 4,000-6,000 a tonne, is now costing Rs 8,000-Rs 12,000 a tonne, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI in a telephonic interaction.
He made the remarks while responding to a question related to the supply of coal in India.
“Steel in India at present is in the range of Rs 50,000-Rs 55,000 a tonne. Shortage of coal has led to an increase in its prices that will have an impact on steel which may also go up due to this unprecedented rise,” he said.
Sharma did not elaborate as to what extent the steel prices may go up in the future.
Sharma, who has over 35 years of industry experience, said India consumes 1,200 million tonnes of thermal coal or steam coal per year.
However, state-owned Coal India Ltd (CIL) produces 800 MT annually, a shortfall of 400 MT.
The domestic steel industry alone consumes 150 MT of coal per year, he said adding that for 120 MT or 80 per cent of the requirement, the players remain dependent on CIL. Steel players use coal as fuel to produce power to run plants and produce steel through the directly reduced iron (DRI) route.
“CIL is asking the players to come through e-auction to buy the coal. One month earlier, per mega/cal of coal was between 0.70 paise to Re 1. Yesterday (on Tuesday), it was at Rs 2.8 per mega/cal. Nearly three times higher,” Sharma said.
It means a tonne of coal, which was earlier in the range of Rs 4,000-6,000 per tonne, is now at Rs 8,000-Rs 12,000 per tonne, he added.
Sharma further said the crisis can be managed if CIL increased its production. The company must produce 100 MT coal per month to meet the annual demand of 1,200 MT, which comes from various industries like power, aluminium and copper.
India has coal reserves of 350 billion tonnes and CIL does not produce even one billion tonnes, he said.
“This is the best time for CIL to exceed the expectations of the country in this need of the hour. The increasing output will not only stabilise the prices but also reduce dependence on imports and make India Atmanirbhar in coal,” Sharma said.
Source: Press Trust of India
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Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led t ...
Saturday, 09 October 21
CHINA POWER CUTS: COAL MINERS ORDERED TO BOOST OUTPUT, SAY REPORTS - BBC
Beijing has reportedly ordered China’s coal mines to boost output as an energy shortage across the country has seen millions of homes and bus ...
Friday, 08 October 21
SEPTEMBER CRUDE OIL TANKER DEMOLISHING HITS 39-MONTHS HIGH AT 1.9M DWT - PETER SAND
Has the lid finally come off for crude oil tanker demolition in 2021? If judged by the 1.9m DWT of capacity that was removed in September, the answ ...
Wednesday, 06 October 21
INDONESIA COAL PRICE REFERENCE: ANOTHER MONTH, ANOTHER RALLY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second and third quarters of 2021 as it reached a pinnacle of $161.63 Oc ...
Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
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- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- PTC India Limited - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
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