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Wednesday, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
 Trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for the badly weathered US steel industry.
According to George Lazaridis Head of Market Research & Asset Valuations of Allied shipping, this latest push has been based on a Cold War-era trade law that would allow him to restrict imports of any goods or in this case commodity, which is deemed to be critical to national defense. As far back as April, the new administration took steps to launch a special investigation into steel imports so as to ascertain whether under the 1962 law conditions were met to justify a limit to imports under the pretense of a threat to the country ’s security.
The Allied weekly report further noted that, with this backing, it looks as though the Trump administration is now set on course to impose such quotas and tariffs and to make matter worse it could in effect cherry pick particular exporters and in effect freeze any further imports from those locations of origin. As expected this came under a “fire barrage” at the World Trade Organization on Friday, with some of the most prominent countries to be affected, namely China, the European Union, Brazil, Australia, Taiwan, and Russia, raising serious concerns.
George Lazaridis further said in its report, It seems as though we are now in the midst of a potential trade war, as countries take steps to retaliate in the case that the proposed protectionist measure is implemented. At the same time, it will be one of the biggest tests for the global trade referee, namely the World Trade Organization, which will face a difficult choice with either siding bringing with it potential fallout.
According to him, a ruling against the US could be a huge blow to the WTO’s credibility and power if the US were to choose to ignore the decision, while siding with the US would open the door for all WTO members to invoke similar reasoning behind the choice to bring forth taxes and quotes as they please. The potential fallout would not be just limited to the WTO, with the US likely to do more harm than good to its own economy, as other countries take on options to impose their own trade restrictions on steel imports or to retaliate against the US in other ways. What’s more is that this could not have unraveled at the worst time, as iron ore had been managing to show a glimpse of a recovery rally in its price up from its low of US$ 54 in mid-June to a recent high of US$ 64.3 on Thursday. This has also been evident from the recent pick-up in trade activity, with Cape size freight rates having shown positive movements in the second half of June (with the only exception being the final days of the month were a small downward correction started to show face).
The difficulties being faced in the global trade of steel and iron ore, however, go way beyond this most recent episode. The market has been plagued by a glut in supply for several years now and in part, China has played a major role in this. In fact, this recent decision by the US to find a way to pass such trade restrictions seemly to be mainly as a way to target China and its flow of cheap steel products. Given that the problem is still there, whether or not Trump manages to pass and impose his restrictions means that we are likely to face a downward correction in steel production and iron ore trade at some point, that is only if we were to suddenly see a spur in consumption that could in effect quickly absorbed most of the excess being produced. India could be such a success story with its need for large-scale industrial expansion, however even if we were to see such an Indian economic miracle, this would most likely be fueled by its own quickly expanding steel producing industry.
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Thursday, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
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Showing 2056 to 2060 news of total 6871 |
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- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
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