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Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
 The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to continue”, according to apex industry body SIMA.
Sponge Iron Manufacturers Association (SIMA) Executive Director Deependra Kashiva said India is expected to report a 60 per cent quarter-on-quarter (q-o-q) fall in its sponge iron output during the July-September 2021 period, amid the ongoing coal crisis.
As per the JPC data, the sponge iron production growth in April-June 2021 was 70 per cent, compared with January-March 2021. This is expected to come down by 60 per cent to a level of 10 per cent in the second quarter ended September 30, 2021, due to the coal crisis, he said without providing any figures.
“If the situation is allowed to continue…if the shortage of coal is allowed to continue then I am expecting that in Q3 (October-December), the growth will be negative,” Kashiva told PTI in a telephonic interaction.
He said the JPC data for September will be released by the next week.
The Joint Plant Committee (JPC), under the Ministry of Steel, is the only institution that collects and maintains data on the Indian steel and iron sector.
Speaking further on the situation, he said Coal India Ltd (CIL) recently announced to give coal to only thermal power plants.
“They have said that except for the power sector, we are stopping supply to all industry users, and sponge iron and cement are the two big consumers after the power sector,” the Kashiva said.
He added that the industry consumes about 40 million tonnes of coal annually and has provided three lakh direct and indirect jobs.
Sponge iron or direct reduced iron (DRI) is used in producing semi-finished steel items, ingots and billets, which are further used to make various finished steel items. Coal is a key raw material used to produce sponge iron.
“The production is coming down. The players are using the coal in their inventory…but if the situation continues, the sponge iron industry will be in trouble,” he added.
Source: Press Trust of India
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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Planning Commission, India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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