Mysteel Global: Indonesian coal production this year is likely to surpass its target of 710 million tonnes (mnt), the latest data from the country’s Energy and Mineral Resources Ministry (ESDM) suggests. The prediction is based on the fact that the country’s coal output during January-September this year touched 613 mnt, leaving only 97 mnt to be […]
Mysteel Global: China’s Coal output rises 4.4% y-o-y in September 2024 to reach 414.46 mnt, the highest level since April 2023, according to the latest release from China’s National Bureau of Statistics (NBS) on 18 October. The total was also higher by 4.5% from that recorded in August. On a daily basis, coal production in September […]
Jindal SAW’s total income (standalone) for second quarter of financial year 2025 (Q2FY’25) stood at INR 47,902 million, higher by 4% compared to INR 46,108 million in Q2FY’24, the company reported in its investors’ call held on 21 October, 2024. EBITDA (standalone) stood at 8,751 million in Q2FY’25, up by 17% y-o-y from INR 7,505 […]
Tokyo Steel, Japan’s leading electric arc furnace steel manufacturer, rolled over prices of hot-rolled coils (HRCs) (1.7-22 mm) for November 2024 shipments compared to the last month. Additionally, Tokyo Steel keeps steel prices of rebars and H-beams stable for the same period. Factors affecting prices 1. Rebound in Kanto scrap export tender bids: The Kanto Iron and Steel […]
Imported ferrous scrap offers to Pakistan slightly declined w-o-w, Pakistani mills are not actively sourcing imported scrap with continued weak rebar sales and competitive domestic scrap prices. As per market insiders, rebar movement stays sluggish, and for the current week liquidity pressure may persist. So far, India, Pakistan, and Bangladesh are not competitive markets because […]
PELLEX falls INR 100/t ($1/t) amid limited trade Pellet offers from Raipur-based producers dropped after the Dussehra holidays owing to lack of trades. Meanwhile, prices in Raipur remained under pressure as no trade was reported so far this week. However, a major plant is under maintenance shutdown over the next few weeks. BigMint’s bi-weekly domestic […]
South African non-coking coal export shipments in September 2024 were at 5.14 million tonnes (mnt) compared to 5.11 mnt in August 2024, reflecting a 1% increase m-o-m. However, exports were up 6% y-o-y from 4.85 mnt in September 2023. Exports to India rise by 17% m-o-m India was the largest buyer of South African coal, […]
At the close of trading on Friday, 27 September 2024, base metals prices on the London Metal Exchange (LME) showed positive trends barring copper. Nickel recorded the largest gain in terms of prices, increasing by 5.86%. Meanwhile, LME warehouse stocks exhibited negative trends, except nickel which rose 1.26%. On the LME, three-month aluminium futures increased […]