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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, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
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- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
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