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India’s iron ore consumption is slated to increase to 255-260 million tonnes (mnt) by financial year 2024-25 (FY25), as per a SteelMint forecast. In FY2019-20 (FY20), iron ore consumption was at around 185-190 mnt. This indicates that the jump in...
  • July 22, 2022
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Iron ore and pellet export shipments fall 90% in June,hits 7-month low With export duties in place, shipments to remain low Iron ore and pellet production to get impacted India’s exports of iron ore and pellets have plummeted to the...
  • July 7, 2022
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Exports to India rise to 6 mnt in first six months of 2022 Logistical hurdles may force Russian miners to cut production Recent RBI policy to facilitate coal trade with Russia Four months have slipped past since Russia invaded Ukraine...
  • July 15, 2022
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Steel mills across the globe are staring down a desert land of dried-up demand, as the Russia-fuelled war rages on in Ukraine. Prices of gas, which power households and factories across the European Union, have surged 700% till date, as...
  • July 15, 2022
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The Minister for Coal, Mines & Parliamentary Affairs, Pralhad Joshi, said on Tuesday that India’s coal production is set to cross the 900 million tonnes (mnt)-mark in financial year (FY)’23, as the country ramps up efforts to meet a phenomenal...
  • July 14, 2022
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Iron ore sales in Karnataka dropped to their lowest level in over two years to a little under 1 million tonne (mnt) in June 2022 due largely to the confusion surrounding sales and dispatches following the Supreme Court’s verdict in...
  • July 9, 2022
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India: Sponge iron producers eye alternative Mozambican coal amid tight domestic supply
At a time when sponge iron manufacturers in India continue to deal with domestic coal shortage, quality issues regarding imported coal, and rampant volatility in prices, a new alternative is likely to emerge in the form of coal shipments from...
  • July 9, 2022
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South African thermal coal exports to India have recorded a steep decline of 30% m-o-m to 1.5 mnt in June, CoalMint vessel line-up data revealed. This fall in exports came as the demand from its top consuming sector, sponge iron...
  • July 7, 2022
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Imported scrap volumes into Bangladesh, a major bulk ferrous scrap buyer, imports bulk ferrous scrap 1.76 mnt in H1 CY2022 (January-June, 2022) vis-a-vis 1.09 mnt in H1 CY2021. The country’s imports rebounded in June 2022 by 57% to 0.33 million...
  • July 7, 2022
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Amid concerns surrounding Russian gas supplies post-the August sanctions, several parts of Europe have been relying upon coal-fired power generation as the only viable option. Germany, Austria, Poland, the Netherlands, and Greece are among the first European nations to have...
  • July 1, 2022
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The government is currently studying the possibility of imposing progressive export tax on nickel metal products such as nickel pig iron and ferronickel in a bid to further push the development of the downstream industries in the country, the world’s...
  • June 30, 2022
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The Russia-Ukraine conflict that commenced in end-February, 2022 has been altering coal trade dynamics in more ways than one. India, whose coal imports from Russia rarely touched the 1 million tonne (mnt) mark in the past, imported about 2.02 mnt...
  • June 30, 2022
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After the closure of mining activities since 2018, Goan iron ore industry now see some signs of respite as the state’s chief minister Pramod Sawant has said that the auctioning of iron ore mining leases would begin within the next...
  • June 23, 2022
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Md. Zafar Alam, Jt Secretary, Govt of Bangladesh, is Member (Admin and Planning) at the Chittagong Port Authority. In a recent interview to SteelMint, Mr Alam revealed about the expansion plans of Chittagong port to ease imports by steel and...
  • March 2, 2020
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Bangladesh to add 1.5 Mn Steel Capacities in 2020
Bangladesh’s steel industry is growing at a rapid pace on the back of increasing steel demand for the mega infrastructure projects lined up in the country in this decade. To meet the expeditious growth in demand, many large and medium...
  • February 17, 2020
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Ministry Invites Draft Rules, Proposes Existing Lessee to Vacate Area in 30 Days
The Ministry of Mines has invited comments/suggestions on draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Amendment Rules, 2020 and draft Mineral (Auction) Amendment Rules, 2020. The Ministry has invited suggestions from the general public, Government of...
  • February 17, 2020
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JSW Steel Holds 21% Share of Merchant Iron Ore Supplies After it Won Jajang Mines
After winning four iron ore mines so far in Odisha auctions 2020 (2 captive & 2 merchant), JSW Steel has occupied a share of 21% in Odisha’s merchant iron ore supplies. Other major merchant suppliers are – OMC, Serajuddin &...
  • February 9, 2020
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Increase in Tax Structure Pulled Down Bangladesh Scrapped Vessel Imports in 2019 – PHP
Mr Zahirul Islam is a Director at PHP Family and MD of PHP Ship Breaking and Recycling Ind. Ltd. and PHP Ispat Ltd, overseeing the operations of the Long Steel and Recycled steel divisions of the PHP family. He shared...
  • February 7, 2020
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How Barapukuria Can Address Bangladesh’s Rising Coal Demand
Barapukuria Coal Mining Company (BCMCL), operator of the first and sole coal mine of Bangladesh, has reported a decrease of 13% in annual coal production during FY19. The company recorded 805,695.63 MT coal output in FY19 as against 923,276.08 MT...
  • February 6, 2020
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India: Odisha's Iron Ore Mine Auction Bid Premiums Go Above 100%
Last week to this week, the state government auctioned four mines (two captive and two merchant). The auctions received aggressive bids. The first block that was auctioned on 29th January for Nuagaon mines (reserves 792.93 MnT), was won by JSW...
  • February 4, 2020
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Mine Auction 2020: KJS Ahluwalia Nuagaon Iron Ore Mine Fetches Premium of 95.1%
The much awaited Odisha mine auctions 2020 is well underway. State govt has started technical bidding for Nuagaon iron ore mine block on 29th Jan’20. As per sources, six companies namely – Rungta Sons Ltd, Arcelor Mittal India Pvt Ltd,...
  • January 31, 2020
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Overview of steel Melting furnaces in Bangaladesh
Bangladesh steel industry is currently growing at a staggering rate, primarily due to the rising steel demand in the country on account of several large infrastructural projects in the pipeline for this decade. Presently there are several expansion plans underway...
  • January 29, 2020
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SteelMint Iron Ore Auction 2020 Report
With the iron ore mine auctions – 2020 edging closer to their end, Indian steel industry is tightening its seat belts to factor in the biggest transition in the history of Indian mining. To understand the changing demand-supply dynamics, current...
  • January 27, 2020
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Indian Sponge Iron Exports Up 27% in CY19 On Increased Buying from Bangladesh Mills
Indian sponge Iron (DRI) exports to Bangladesh have witnessed a sharp  growth in CY 2019, on the back of rising steel melting capacities in Bangladesh consistently pulling up the DRI demand. On an overall basis, India’s sponge Iron exports increased...
  • January 20, 2020
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GPH Ispat Commissions Operation at its Quantum EAF Furnace
GPH Ispat, one of the major steelmakers based in Chittagong, Bangladesh was long waiting the operationalizing of their Quantum Electric Arc Furnace, the first of its kind the region, at their new steel plant in Sitakunda region. The steelmaker yesterday,...
  • January 16, 2020
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Bangladesh Commissions its First Imported Coal Based Power Plant
Bangladesh has started operations at its newly constructed Payra coal-fired plant, which is envisaged as the first power project to run on imported coal in the country. The Payra Plant has been implemented under Bangladesh-China Power Company (BCPCL), a special...
  • January 16, 2020
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Oldendorff Carriers Inks Pact to Deliver Coal in Bangladesh
Bangladesh’s rapid economic growth has increased the demand for electricity. But the country’s power generation plants have been unable to meet customer demand over the past decade. Bangladesh has a population of about 165 million, and in the rural areas,...
  • January 15, 2020
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Satadri Chanda
Mr. Satadri Chanda, Executive Director of Megatherm since 2016, shared his views about the induction furnace market in Bangladesh and future prospects of the company’s new energy-efficient “green induction furnace” in the emerging steel industry of this country. Below is an edited excerpt...
  • January 13, 2020
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Iron Ore Auction
India government has notified the amended mining law which allows the seamless transfer of regulatory approvals like forest and environmental clearances to new owners of operational iron ore mines. This ordinance will come in effect from 10th Jan 2020. Download...
  • January 11, 2020
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Bangladesh: Payra Port Authority Invites Bids for Developing Coal Terminal
Government of Bangladesh has intended to develop a coal terminal at Payra port to facilitate coal movement for its upcoming power station, by appointing private participants to carry out the expansion work. Payra, the third sea port of Bangladesh situated...
  • January 8, 2020
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