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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
|
|
|
Showing 26 to 30 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
|
| |
| |
|
