Over 60% of auctioned blocks in Odisha, Karnataka since the MMDR Amendment Act, 2015 Average auction premium at over 100% Production to increase as many auctioned mines may come onstream Around 100 iron ore mine blocks have been successfully auctioned...
State-run miner Coal India Ltd (CIL) has floated a calendar outlining the proposed coal volume to be offered under e-auctions during FY’24. The company is planning to sell 97.43 million tonnes (mnt) of coal, which is around 81% higher than...
Global demand for coking coal in steelmaking is expected to increase by around 2.25% y-o-y in 2023. World Steel Association’s (WSA) short-range outlook published in April this year predicts that world crude steel production is expected to increase by 2.3%...
In a recent development, certain Indian steel mills have started importing Australian iron ore fines in place of mainstream Brazilian iron ore concentrates. SteelMint has heard that Australian miners have started supplying low- to medium-grade iron ore fines (Fe57%-60.5%) to...
India recorded highest-ever coal production of over 890 million tonnes (mnt) in financial year 2022-2023 (FY’23), while Coal Ministry projections show that coal supply (domestic + imports) may rise to 1,692 mnt by FY’30. State-owned Coal India Ltd. (CIL) is...
Competitive bidding route gains traction from FY20 Odisha tops auctions chart since FY16 Odisha and Karnataka eye further auctions India’s mineral block auctions showed a marked upturn in 2022-23 (FY23) with successful bids more than doubling y-o-y. Madhya Pradesh led...
Decreased imports from China drag down total volumes Shipments seen from Lloyds as EC increases to 10 mntpa Weak global steel demand weighing on near-term exports Both iron ore and pellet exports fell m-o-m in May, reveals data maintained with...
DGFT allows low-sulphur pet coke blending of up to 10% in coke ovens Sulphur level fixed at below 3% for integrated steel mills High-quality coke to boost BF energy efficiency The Director General of Foreign Trade (DGFT), under the Union...
Indonesia, the world’s largest coal exporter with a global share of around 45%, is on the verge of becoming a major supplier of metallurgical (met) coke thanks to hefty investments by Chinese companies. As per CoalMint estimates, over 17 million...
Govt mandates imports to meet peak power demand Shipments from Indonesia, Russia increase sharply Imports likely to remain high in Q1FY24 India’s coal imports increased sharply by around 18% y-o-y to over 237 million tonnes (mnt) in financial year 2022-2023...
The massive surge in coal consumption led by ever-expanding power demand has left India scrambling to secure adequate supplies despite a significant push seen towards increasing domestic production. In FY2022-23, the country scaled new heights in coal production. Till February,...
In a significant development, Chinese authorities have allowed all domestic companies to import Australian coal, thereby putting an end to ‘informal’ trade restrictions imposed in late 2020. Ports and customs offices have been told to allow Australian coal cargoes. Earlier...
Chinese coke plants are trying to increase prices of their products by cutting down production, as per recent reports. Chinese coke chemical companies plan to cut production by 30% to raise coke prices. This proposal was discussed at a recent...
China, the world’s top steel producer, is seeking to cut down on its consumption of coking coal for steel production in sync with its ‘dual carbon’ goal of peaking emissions by 2030 and attaining carbon neutrality by 2060. In line...
Despite the slump in world crude steel production in 2022, global seaborne trade in coking coal remained strong with imports of Coking coal and PCI increasing by 8% y-o-y to around 319 million tonnes (mnt) from 295 mnt in 2021,...
Russia’s seaborne exports of coking coal and PCI coal are estimated to have increased by a sharp 48% y-o-y to 47 million tonnes (mnt) in 2022 from around 32 mnt in 2021, as per provisional data maintained with CoalMint. Although...
Indonesia’s thermal coal exports increased by 9% y-o-y to 341.3 million tonnes (mnt) in calendar year 2022 (CY22), CoalMint data shows. Exports to India rose by 57% y-o-y. However, shipments to China and Vietnam recorded a decline in 2022. Indonesian...
The ever-growing demand for electricity has increased the reliance on coal globally, especially in emerging economies with underdeveloped renewable energy infrastructures and pressing energy security concerns. Bangladesh is a case in point. The country has increased procurement of imported coal...
State-run miner Coal India Ltd. (CIL) has attained new highs in terms of coal production. The company breached the 400-million tonnes (mnt) production mark in the quickest time since its inception. The milestone was attained on 24 November of the...
Australia’s Foreign Minister Penny Wong met with her Chinese counterpart Wang Yi in Beijing on 21 December, 2022, as the trading partners seek to stabilise their diplomatic relationship. Wong’s visit is the first by an Australian minister since 2019 and...
Iron ore exports from Karnataka are about to resume after a gap of 10 years, SteelMint heard from market sources. Exports from Karnataka were banned in 2012 by the Supreme Court, which was in effect till May this year, with...
India’s pellet-making capacity has expanded rapidly in recent years along with the steady rise in crude steelmaking capacity. SteelMint estimates that the country’s pellet production capacity currently stands at 126 million tonnes (mnt), which is 16% higher than 109 mnt...
Nepal, a landlocked nation, has registered significant growth in its metallics (sponge iron and pig iron) imports, as per data maintained with SteelMint. The country’s sponge iron imports rose by 120%, while pig iron imports rallied by 390% during January-October...
The global ship-breaking or ship recycling industry has witnessed a major shift in recent years owing to environment concerns. On one hand, ship-breaking is a green process wherein a ship at the end of its life cycle is dismantled for...
Turkiye is one of the largest ferrous scrap importing countries in the world. Other key industries that contribute to the country’s economy include textiles, chemicals, cement, motor vehicles and construction. The country provides certain leverages for international trading and is...
Sponge iron imports by Bangladesh from India stood at 283,000 tonnes (t) in FY’22 (April’21-March’22). Although Bangladesh’s imports increased sharply from FY’21, volumes were still lower compared to the previous couple of fiscals. Imports, however, are expected to edge up...
South Asia’s imported scrap market rebounded in the past days post-Muharram holidays as buyers turned active to replenish the inventory amid limited domestic availability, and recovering demand before the onset of winter season. Meanwhile, imported scrap offers continued their uptrend....
Export tax impact blunts overseas sales’ edge Boron-added exports see sudden spurt Export tax retention may see Q2 volumes go below 2 mnt India’s finished steel exports, including semis, dropped 34% to 3.78 million tonnes (mnt) in the first quarter...
Depressed sponge iron demand in the Indian domestic market, coupled with elevated South African coal prices and limited availability of domestic coal for the non-power sector, has compelled Indian DRI producers to experiment with coal from Mozambique, Russia, and even...
Bangladesh set to increase steel melting capacity around 13 mnt by 2025 BSRM, AKS, GPH and many other mills are setting up additional capacity Bashundhara, Meghan & Akij entering steel business Bangladesh, one of the largest ferrous scrap importers in...
