We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
|
|
|
Showing 246 to 250 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
|
| |
| |
|
