Tata Steel achieved a significant milestone in its expansion efforts by commissioning a new blast furnace at its Kalinganagar plant in Odisha last week, boosting the facility’s capacity from 3 million tonnes (mt) to 8 mt annually…
State-owned steelmaker Rashtriya Ispat Nigam Ltd. (RINL) has been forced to shut down its blast furnace 3 at the Vishakhapatnam (Vizag) plant due to a coking coal shortage caused by a workers’ protest at the Gangavaram port. The shutdown, which occurred on 12 September, leaves RINL with only one operational blast furnace out of three at its 7.3 million tonne per year (t/yr) capacity plant, though no official announcement has been made by the company…
India’s production of direct reduced iron (DRI), also known as sponge iron, has seen substantial growth, registering a compound annual growth rate (CAGR) of 8 percent over the last five years. DRI output rose to 51.5 metric tonnes (MT) in fiscal 2024, up from 34.7 MT in fiscal 2019, significantly outpacing the 5 percent growth in crude steel production during the same period, according to a recent report…
The European Union’s recent initiation of an anti-dumping (AD) investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam has triggered significant responses from global market participants. Concerns are rising over the potential impact on supply chains and pricing across the steel industry…
Met coal prices are down again, but by less as the deceleration continues leading into August as market participants wait on their saviors in India…
Indian steelmakers are grappling with a surge of cheap steel imports, which has turned India into a net steel importer in the first quarter of FY25 (April to June)…
Met coal prices continue to weaken, but have finally begun to decelerate as we approach August and the return (hopefully) of Indian end users to the spot market…
India has surpassed China to become the world’s leading developer of steel, with a pipeline capacity of 258 million tonnes per annum (mtpa), according to a recent report by Global Energy Monitor (GEM)…
Whitehaven Coal reported a solid quarter with saleable coal production coming in at 4.0Mt, while sales of 3.2Mt were impacted by initial rail logistics delays, which have since been resolved…
India’s increasing dependence on imported coking coal has led the government to seek to diversify its sources, including exploring imports from Mongolia in a broader strategy to avoid over-reliance on any single country…
The German government, led by Chancellor Olaf Scholz’s coalition, has confirmed it will not advance its coal phase-out deadline from 2038 to 2030, despite previous intentions signaled by the coalition partners…
India’s thermal coal imports escalated to over 95 million tonnes, marking a 13% year-over-year increase, according to BigMint data…