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Tata Steel Commissions India’s Largest Blast Furnace, Expands Kalinganagar Capacity
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…
US Proceeds with Section 301 Tariffs on Chinese Commodities
The United States is moving forward with Section 301 tariffs on a range of Chinese commodity imports, including steel, aluminum, lithium-ion batteries, and other critical minerals, as announced by the Office of the United States Trade Representative (USTR) on September 13, 2024…
India Steel Producer RINL Faces Challenges Amid Coking Coal Shortage at Vizag Plant
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 DRI Production Growth Outpaces Crude Steel, But Coal Reliance Remains
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…
Russian Coal Industry Faces Mounting Challenges in 2024 Amid Declining Exports and Production Shifts
Russian coal producers continue to grind through a turbulent 2024, marked by a slight overall decline in output and a significant drop in coal exports. From January to July 2024, total coal production across Russia has declined modestly to 250.6 million tons (Mt), down just 1.9 Mt or 0.8% year-on-year. Exports have struggled, however, falling sharply to 105.8 Mt, a decrease of 11.2 Mt or 10% compared to the same period in 2023…
CSX Curtis Bay Coal Terminal Incident Causes Shipping Delay
A significant mechanical failure at CSX’s Curtis Bay coal export terminal near Baltimore has led to a temporary halt in coal loading operations. According to shipping agencies in the region, it will take at least two weeks to repair or replace the damaged machinery…
Thermal Coal Markets Run As Met Retracts
There has been a huge shift in momentum from the met coal side to the thermal coal side over the last few weeks as we reported in our $CEIX earnings preview last week. And having just returned from the West Virginia Coal Association’s Annual Meeting at the Greenbrier, I can confirm that attitudes are cautiously optimistic about a solid back half of the year…
EU’s Anti-Dumping Probe on Hot-Rolled Steel Sparks Global Reactions
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…
Moody’s: SCOTUS Chevron Ruling Raises Uncertainty for Power Sector
The U.S. Supreme Court’s decision to overturn the Chevron doctrine on June 28 has introduced significant legal and regulatory uncertainty for regulated utilities, according to Moody’s Ratings. The Chevron doctrine, established in 1984, had allowed courts to defer to federal agencies’ interpretations of ambiguous laws. Its removal may complicate regulatory processes and create challenges for the power sector…
European Thermal Coal Market Strengthens Amid Geopolitical Tensions
A rundown of recent price changes in the broader coal markets…
