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Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the future direction of the market.
European steel buyers returned cautiously to the market, as the traditional summer break extended into early September. Inventory levels remain relatively high, for current demand. Sensing that the bottom of the current cycle had been reached, however, some purchasers placed orders for small quantities, to reduce their average stock value.
European steel prices continued to decline, last month. In late August and early September, the mills started to announce increases, in line with rising costs, across the carbon steel product range. These efforts were against the background of spiralling international energy values.
Major steel manufacturers led the way. Their efforts, initially, were undermined by certain producers seeking to fill their order books. Large, proposed increases were accompanied by a willingness to negotiate, or to extend the validity of previous prices, to their regular customers who had just returned from holiday. This eroded buyers’ confidence in the strength of such moves.
As order books weaken, steel mills are aligning production to apparent demand. Capacity cuts have been implemented, although perhaps not soon enough. Several blast furnaces have been taken offline, for extended periods. Rerollers are restricting production to night-time and weekend working, to control electricity consumption. As a consequence, delivery lead times are once again extending, rather than contracting.
Industry, as a whole, is looking to the authorities to address problems with energy supply and costs. The EU has announced measures to cap energy prices, partly funded by additional taxes on excess profits of energy providers. This should protect private consumers, to some extent. Policies show little detail for energy-intensive manufacturers. Some individual states have mandated a reduction in electricity usage.
In the UK, political decisions are delayed during the period of mourning for Her Late Majesty Queen Elizabeth II. A cap on domestic electricity costs has been announced. Further proposals, for industrial users, are reportedly in preparation.
The possibility of steelmakers implementing energy-related surcharges is again a topic of interest. Most market observers consider such a move to be impracticable for commodity grade steel. It is also extremely doubtful that producers who propose such a move would be willing to open their energy usage and supply contracts to the scrutiny such a clause would require.
Elevated energy costs are not isolated to primary steel producers. Oil, gas and electricity are used throughout the supply chain, resulting in incremental charges at each stage. Finally, it is the individual consumer who pays, or chooses not to. Escalating household energy costs and the subsequent drain on disposable income lead to reduced downstream steel demand. High inflation rates also restrict private expenditure.
Source: MEPS International Ltd
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- PTC India Limited - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
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