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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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Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
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Showing 6 to 10 news of total 6846 |
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- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- The University of Queensland
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
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