Steel prices ease over 10%, coal crisis playing havoc on secondary ...Tue, 17 May 2022 00:00:00 GMT
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 percent to Rs 57,000 per tonne in the Kolkata market from a high of Rs 65,000 a tonne. Coal which is a key raw material for the secondary steel producers has turned out to be the major pain point, officials said. Steel prices from leading
Country has constraints in availability of domestic coal: GovtSun, 15 May 2022 00:00:00 GMT
The additional coal secretary stated that there are constraints in domestic coal availability and the domestic coal production is roughly about 800 MT. Therefore, the rest of the coal demand of the country has to be met through imports from other countries, according to the minutes of the meeting on fuel linkages.
Ukraine: DMZ to re-launch one coke-oven batteryFri, 13 May 2022 09:35:13 GMT
In June, Dneprovsky Iron and Steel Works intends to re-launch one of its coke-oven batteries. The works has enough raw materials to increase by-product coke capacities. In April, the enterprise produced 12 thousand tons of coke and in May intends to produce 17 thousand tons. In the first half of March, due to the
Coal India arm NCL plans capex of Rs 1,900 cr in FY23Wed, 11 May 2022 00:00:00 GMT
NCL is working on nine first mile connectivity (FMC) projects with an investment of Rs 3,174 crore. These projects will eliminate road transportation of coal with mechanised loading and enable the company to promote sustainable mining practices.
Indian Railways missed Coal India train provision targets for ...Tue, 10 May 2022 00:00:00 GMT
Indian utilities are scrambling to get hold of coal supplies to cope with record high power demand, but Indian Railways' inability to supply enough trains makes it difficult to boost coal stocks, which are at their lowest levels in years.
Desperate for coal, India's metal makers hunt for fuel overseasTue, 10 May 2022 00:00:00 GMT
Jindal Steel & Power Ltd., which is running its sponge iron plants at 40% capacity as it doesn't have enough of the fossil fuel, has contracted orders for 150,000 tons of thermal coal each for the months of May and June from South Africa and Mozambique, according to Managing Director V.R. Sharma.
NTPC invites bids to import 4.53 million tonnes of coalMon, 09 May 2022 00:00:00 GMT
Earlier this month, the power ministry had directed all the states and gencos (electricity-generating firms) to import at least 10 per cent of their requirement of coal for blending amid shortages at thermal plants.
India looking to boost coal output by up to 100 mn tonnes, reopen ...Fri, 06 May 2022 00:00:00 GMT
India, the world's second largest producer, importer and consumer of coal, produced 777.2 million tonnes of the fuel during the year ended March 2022 and burnt over a billion tonnes.
Govt allows concession of 50 pc in revenue share for promotion ...Fri, 06 May 2022 00:00:00 GMT
Coal gasification is considered a cleaner option compared to burning coal. Gasification facilitates the utilisation of the chemical properties of coal.
Coal India to offer its 20 closed underground mines to private ...Fri, 06 May 2022 00:00:00 GMT
Continuation of mining activities will help in increasing coal supply to thermal power plans while creating employment opportunities for local people, Coal Minister Pralhad Joshi added.
BUMA brought on at Broadmeadow EastThu, 05 May 2022 00:00:00 GMT
Bowen Coking Coal has picked BUMA Australia to provide mining services to its 100 per cent-owned Broadmeadow East (BME) mine in Moranbah, with an option to extend those services to the Burton mine and agreed rates and tonnages.
Power ministry tells state, private sector utilities to import ...Tue, 03 May 2022 00:00:00 GMT
If the timelines are adhered to, the imports by the states and private utilities over the next five months for blending with domestic coal will surpass annual imports by the entities in at least six years.
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