We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 08 October 21
COAL SHORTAGE MAY LEAD TO RISE IN STEEL PRICES IN COMING MONTHS: JSPL MD - PTI
 Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry executive on Wednesday.
A tonne of coal, which was in the range of Rs 4,000-6,000 a tonne, is now costing Rs 8,000-Rs 12,000 a tonne, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI in a telephonic interaction.
He made the remarks while responding to a question related to the supply of coal in India.
“Steel in India at present is in the range of Rs 50,000-Rs 55,000 a tonne. Shortage of coal has led to an increase in its prices that will have an impact on steel which may also go up due to this unprecedented rise,” he said.
Sharma did not elaborate as to what extent the steel prices may go up in the future.
Sharma, who has over 35 years of industry experience, said India consumes 1,200 million tonnes of thermal coal or steam coal per year.
However, state-owned Coal India Ltd (CIL) produces 800 MT annually, a shortfall of 400 MT.
The domestic steel industry alone consumes 150 MT of coal per year, he said adding that for 120 MT or 80 per cent of the requirement, the players remain dependent on CIL. Steel players use coal as fuel to produce power to run plants and produce steel through the directly reduced iron (DRI) route.
“CIL is asking the players to come through e-auction to buy the coal. One month earlier, per mega/cal of coal was between 0.70 paise to Re 1. Yesterday (on Tuesday), it was at Rs 2.8 per mega/cal. Nearly three times higher,” Sharma said.
It means a tonne of coal, which was earlier in the range of Rs 4,000-6,000 per tonne, is now at Rs 8,000-Rs 12,000 per tonne, he added.
Sharma further said the crisis can be managed if CIL increased its production. The company must produce 100 MT coal per month to meet the annual demand of 1,200 MT, which comes from various industries like power, aluminium and copper.
India has coal reserves of 350 billion tonnes and CIL does not produce even one billion tonnes, he said.
“This is the best time for CIL to exceed the expectations of the country in this need of the hour. The increasing output will not only stabilise the prices but also reduce dependence on imports and make India Atmanirbhar in coal,” Sharma said.
Source: Press Trust of India
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soare ...
Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
|
|
|
Showing 451 to 455 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
|
| |
| |
|
