TC Malhotra contributes to MetalMiner from New Delhi. Indian steel companies, already in the red this year, are likely to suffer a sharp fall in profit in the third quarter of the fiscal year because of high production costs and falling demand. A Business Line report notes that major steelmakers such as JSW Steel, Tata [...]
TC Malhotra contributes to MetalMiner from New Delhi. India’s state-owned miner NMDC Ltd. and Russian steel and mining giant Severstal have signed the implementation protocol in Moscow for setting up a joint venture steel plant in the southern Indian state of Karnataka, according to a recent article in the Hindu Business Line. The implementation protocol [...]
While most commodities have suffered something of a roller-coaster ride in terms of prices, coal and iron ore have weathered the storm much better. Coal in particular has benefited from natural disasters such as the Queensland floods that removed a significant source of supply from the seaborne supply market earlier this year, and while spot [...]
Back in December of 2009, we ran a story entitled: “Vertical Integration Alive and Well in the Metals Industry, and that statement has proven itself out several times. The latest announcements come from AK Steel, a producer of flat-rolled carbon, stainless and electrical steel products, to form a JV to produce iron ore concentrate, a [...]
by Stuart Burns on October 3, 2011
Style: Commentary
Category: Commodities, Ferrous Metals, Green, Product Developments, Supply & Demand
Keywords: Brazil, Coal, Coking Coal, Ferrous Metals, Green, Vale
Much of the raw steel produced in Asia, and in China in particular, is made via the blast furnace route. In the rest of the world, steel makers split between blast furnace and electric arc furnace steelmaking, depending on local scrap supplies, the cost of capital and the demands of the local markets. Although historically [...]
MetalMiner guest columnist Brad Clark is a senior derivatives broker who leads the St. Louis office of FIS Ltd., the London-based global commodity interdealer brokerage firm. Clark brokers physical and derivative deals on steel, iron ore, scrap and freight with a focus on the domestic US market. Arne Petter Kolderup, senior broker of coking coal [...]
Lately, our most popular inbound phone call involves our soon-to-be-released GOES Index followed by the rant/request for our thoughts on the latest steel mill price increases. That call basically goes like this: “Lisa, the mills have raised prices again, but I don’t see how the raw material prices support the increase. What do you think? [...]
TC Malhotra contributes to MetalMiner from New Delhi. This is Part Two of a two-part series. Read Part One here. Domestic steel producers are also facing challenge with the shortage of coal supply. The Indian coal industry is the fourth largest in terms of coal reserves and third largest in terms of coal production in [...]