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Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
 The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
The most significant effect from the recent outbreak is the closure of certain transportation routes, which could delay raw material and product deliveries. However, we think steel production will be only minimally affected in the short term because the current restrictions are implemented in only some cities in the province. In addition, demand for steel products is generally weaker during winter when there is less construction activity. In the past few years (excluding exceptions caused by Covid-19), the new fixed-asset investment growth rate was in the low single digits in winter and in the mid to high single digits during the rest of the year.
Most steel plants maintain sufficient raw materials for operation in the short term, and steel plants usually plan for maintenance during the winter. Steel production in winter (November to February) during the last three years (excluding exceptions caused by Covid-19) was, on average, around 90% of the output for the rest of the year.
The closure of certain transportation routes began on 5 January 2021, and China’s steel product inventory level has increased by around 6% week on week since then. This increase is in line with that seen in previous years around the same time. Therefore, we think inventory build-up from the latest measures to curb the Covid-19 outbreak should not be significant.
However, prolonged restrictions or wider implementation of the measures could have a considerable impact on the steel industry. Extended logistics restrictions could mean insufficient raw materials for steel plants to continue production and delivery delays that could lead to inventory build-up. Construction around restricted areas may also be dampened, which will reduce demand for steel products.
Source: Fitch Ratings
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Wednesday, 27 January 21
MARKET INSIGHT - INTERMODAL
As we have entered the era off renewable energies, all industries globally give max effort to minimize their carbon footprint and consequently thei ...
Monday, 25 January 21
ULTRAMAX YET ANOTHER POSITIVE WEEK FOR THE SECTOR, WHICH SAW INCREASED DEMAND ACROSS ALL BASINS - BALTIC BRIEFING
Capesize
The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down ...
Monday, 25 January 21
NEW LAW IN CALIFORNIA, USA, AFFECTING SHIPOWNERS' LIABILITY FOR OIL POLLUTION - BIMCO
Members are advised that amendments to the so-called Lempert-Keene-Seastrand Oil Spill Prevention and Response Act of 1990 in the State of Californ ...
Monday, 25 January 21
COAL INDIA SAYS GEARED UP TO MEET SURGE IN FUEL DEMAND FROM POWER SECTOR - PTI
State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector.
The s ...
Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for impr ...
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- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
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