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Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
 Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in the country. Under the proposal approved by the Indian government, the royalty rate on iron ore will be increased to 15% from 10%. The government has not yet said when the increase will be implemented.
The higher royalty rates will raise the input costs of Indian steel producers by USD 2-5 per tonne of steel produced, depending on the type and grade of iron ore used. Fitch expects iron ore mining companies in India, which largely supply domestic users, to be able to pass on the increase given tight supply domestically, raising the input costs for both integrated and non-integrated steel producers.
Fitch expects steel producers to be able to pass on their higher costs to consumers because of a likely improvement in steel demand in India. As a result, the higher royalty is unlikely to have a major impact on Indian steel producers' profit margins.
Fitch expects steel demand growth to start to improve from the second half of the fiscal year ending 31 March 2015 (FY15), supported by a pick-up in consumption following rising consumer sentiments and an expected improvement in economic growth. The improving consumer sentiment is reflected in passenger vehicle sales data compiled by the Society of Indian Automobile Manufacturers - sales volumes during June and July 2014 rose from a year earlier, compared with a 6% fall in FY14.
Steel demand in India was weak during FY14 with consumption rising by just 0.6% to 73.9 million tonnes, according to data from Joint Plant Committee, a government body that collects data on the iron and steel industry. This was due to slow growth in the key steel consuming industries of automobiles, infrastructure, construction and engineering.
Iron ore exporters, who already pay high export duties on their shipments, will face slimmer profit margins following the increase in royalty. Iron ore exports (other than pellets) already attract export duty of 30%. India largely exports lower grade iron ore fines. The additional costs while global iron ore prices remain weak will significantly impact the competitiveness of iron ore exports from the country.
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- White Energy Company Limited
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
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