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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, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led t ...
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- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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