Polymer trade in India are slowing to a stop after the government on 24 March announced a countrywide lockdown for 21 days to stem the spread of the coronavirus.
News ID: 8861 Publish Date : 2020/03/25
A nationwide lockdown in India is prompting cement producers to seek deferments on the loading of cargoes of petroleum coke, which they use as a fuel for production. These high-sulphur coke cargoes were due for loading from refineries in the US and Saudi Arabia.
News ID: 8855 Publish Date : 2020/03/25
Coking coal imports to India have begun to be affected by the coronavirus outbreak, as berthing and uploading activities are halted at some major ports.
News ID: 8838 Publish Date : 2020/03/24
Indian steel mills are reducing output in response to a halt in operations at automakers and a shortage of staff as workers rush back to their hometowns in fear of the coronavirus outbreak in major cities.
News ID: 8826 Publish Date : 2020/03/23
This notification may be called the Environment Impact Assessment Notification, 2020 (hereinafter referred to as ‘EIA Notification, 2020’) and shall come into force on the date of publication of final notification in the Official Gazette.
News ID: 8820 Publish Date : 2020/03/14
As per the latest data released by the customs and compiled by SteelMint, India’s finish-flat imports stood at 0.30 MnT in Feb’20 down by 17% on a monthly premise as against 0.37 MnT in Jan’20.
News ID: 8813 Publish Date : 2020/03/17
Indian converters are turning to locally produced polymers as the coronavirus pandemic is triggering a sharp drop in the rupee.
News ID: 8805 Publish Date : 2020/03/20
Despite the already noticeable interferences due to the corona virus, it was certainly the right decision to carry out the event successfully.
News ID: 8748 Publish Date : 2020/03/17
India's plans to add more coal-fired power plants and grow its renewable energy portfolio is facing a threat from the coronavirus outbreak, which has hit manufacturing and put further pressure on the economy.
News ID: 8699 Publish Date : 2020/03/12
Joint Plant Committee (JPC) released its provisional data for Feb'20 today. According to the released data, India’s finished steel exports witnessed acute fall of 18% M-o-M basis to 0.570 MnT in Feb’20 as compared to 0.694 MnT in Jan' 20.
News ID: 8624 Publish Date : 2020/03/05
Indian iron ore exports in Feb'20 were recorded at 2.05 MnT in Feb'20, according to data maintained with SteelMint. The exports witnessed decrease of 28% on monthly basis as against Jan’20 exports at 2.85 MnT.
News ID: 8623 Publish Date : 2020/03/05
Indian Induction grade Billet export offers dropped rigorously on account of falling prices in Indian domestic market.
News ID: 8613 Publish Date : 2020/03/03
HRC import prices to India have come down sharply in a recent deal concluded, SteelMint learned from its close sources. A major South Korean steelmaker has concluded a deal for 10,000 MT HRC (SAE 1006 re rolling grade) with an Indian importer (steel manufacturer) at USD 500-503/MT CFR India for April shipments. The import booking is likely to arrive at Kandla port. The import price is lower by USD 20-22/MT against the last booking reported by SteelMint at USD 525/MT, CFR India in Jan'20.
News ID: 8609 Publish Date : 2020/02/25
Domestic iron ore prices in India may rise sharply in the 2020-21 fiscal year starting 1 April, said credit rating agency Fitch's Indian arm India Ratings, as mine auctions in Odisha state yield high-priced winning bids that could curb recovery in the profit margins of steel mills.
News ID: 8524 Publish Date : 2020/02/28
Indian coking coal import volumes rose slightly in April-December from a year earlier as steel producers cut production rates in the fourth quarter on weak demand.
News ID: 8250 Publish Date : 2020/01/08
The Federation of Indian Mineral Industries (Fimi) is seeking the removal of a carbon tax on imports and domestic coal ahead of India's federal budget announcement in February.
News ID: 8243 Publish Date : 2020/01/07
Towards the year closing, the Indian domestic pellet market has witnessed deals getting concluded at increased offers. Southern India (Bellary) based pellet makers have increased pellet offers by INR 700-800/MT W-o-W. SteelMint’s current assessment for pellets (Fe 63%) stand at INR 7,000-7,300/MT (Ex-Bellary) against last week's assessment at INR 6,450/MT. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8185 Publish Date : 2019/12/31
Seaborne pellet prices rose on the back of tight availability from key supplier India and continued sintering restrictions in some Chinese cities.
News ID: 8179 Publish Date : 2019/12/31
China's seaborne pellet prices were little changed as bids remained at around $113-114/dry metric tonne (dmt), although large Indian pellet producers were unwilling to sell at these prices because of robust domestic demand in India.
News ID: 8091 Publish Date : 2019/12/24
Higher South African coal prices are prompting Indian sponge iron manufacturers to look for alternative sources to stay afloat.
News ID: 8082 Publish Date : 2019/12/24