Coking Coal

In an effort to ensure fuel supplies for its steel and power plants, India’s Tata Group initiated talks for a joint venture with South African company Increase Coal (Pty) Ltd., reports Business Line. The article notes that the proposed venture can produce about 9 million metric tons of metallurgical coal, which is used largely by [...]

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Source: instructables.com We’ve had some well-read posts on steel and base metals sectors since the New Year — from formal outlooks to more lighthearted fare. Enjoy the best MetalMiner posts of Q1! 1. Steelmakers Welcome Falling Coking Coal Price Trend Stuart Burns on coking coal, iron ore and steel, oh my! 2. Cracks in Airbus [...]

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Indian steel manufactures are likely to increase the steel prices up to nearly Rs 1000 ($20) per metric ton in the next few months, reports Business Line. According to the report, the new price increase is because the steel producers plan to pass on the rising costs due to rail freight hike to the consumers. Indian [...]

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The Indian steel sector has been hit badly because of slowdown in infrastructure projects, high interest rates and falling CAPEX, even as domestic steel prices remained stable mainly due to fall in supply from south Indian state of Karnataka, according to Business Standard. Profitability margins of most Indian steel producers came under pressure in the [...]

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Pressure may be easing for steelmakers and with it the prospects, in some regions at least, of slightly improved margins. Coking coal, a key raw steelmaking ingredient and recently one of the commodity markets’ hot darlings, has been falling in price since the summer. As Australia’s spot price has fallen some 26 percent since the [...]

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My colleague Stuart wrote a piece published today about the nickel market, specifically that it remains in oversupply. The ensuing discussion came about just as I had intended to put the finishing touches on a presentation providing an outlook on the steel and stainless market (and realizing we better have something intelligent to say to [...]

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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 [...]

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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 [...]

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