As states gear up for elections and several others rush to meet the Centre’s electrification deadline, power demand is touching a new record every day. Meanwhile, failing to catch up, coal supply has dipped to a record low. According to an industry source, stocks at the coal pithead and power...
India’s steel industry will face several challenges as the nation is poised to become the next driver in regional economic growth, keynote speakers said at the Indian Steel Association’s inaugural Steel Conclave Conference at New Delhi on Thursday. Anil Chaudhary, Chairman of Steel Authority of...
EU steel prices for strip mill products either remained stable or turned down slightly, in October. The negative movement was most pronounced in the south of the region, i.e. Italy and Spain. EU steel producers continue to target higher prices but face strong resistance to this initiative. This...
https://www.hellenicshippingnews.com/eu-steel-prices-slip-in-october-as-sentiment-fades/
This year’s tightness in the iron ore market looks likely to persist, anchoring benchmark prices around $70/mt over the next couple of quarters, analyst ANZ Research said in a report. In addition, China’s supply-side reform measures should see demand for high-grade ore remain strong, it said....
Brazil’s Vale, the world’s top iron ore producer,is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain effect this year and next while prices remain low, executives said. Chief Executive Fabio Schvartsman forecast a major...
https://www.hellenicshippingnews.com/vale-expects-jump-in-base-metal-performance-in-2020/
Chicago wheat futures were on track for their biggest weekly decline since early September on Friday, as stiff competition from the Black Sea region and higher output in China weighed on the market. Soybeans were headed a third straight weekly loss, while corn was down for a second week on U.S....
India will overtake the US to become the second largest steel-consuming country in the world in 2019, according to a report by Business Standard. China will retain its position as the largest market for steel with a consumption of approximately 781 million tonne a year. The World Steel Association...
Chinese coking coal prices hit a 13-month high on Friday, spurred by expectations of short supply due to safety inspections at coal mines and firm demand at steel mills. The most-active coking coal futures on the Dalian Commodity Exchange hit 1,433 yuan ($205.97) a tonne when the market opened, a...
https://www.hellenicshippingnews.com/dalian-coking-coal-hits-13-month-high-amid-safety-checks/
Coal output in China’s top producing region Inner Mongolia jumped 11.1 percent in the first three quarters of 2018, taking total output for the period to 673.3 million tonnes, industry data showed on Friday. Shanxi province was the second biggest producer over the period, with 650 million tonnes,...
https://www.hellenicshippingnews.com/chinas-top-coal-region-ramps-up-jan-sept-output-industry/
Shanghai construction steel futures notched a fourth straight day of gains on Thursday as stable demand and shrinking stockpiles in top consumer China saw the ferrous complex avoid heavy losses seen in global equities and base metals markets. The most traded steel rebar contract on the Shanghai...