Job Vacancies

Indian thermal coal imports will stop by 2017: Goyal

Import of thermal or steam coal used in electricity generation will start declining from this fiscal due to enhanced availability of domestic coal, Union Coal Minister Piyush Goyal said. The decline will be so sharp that imports “will stop” in end 2017, Goyal said. “We will see the declining tre ...

Manganese ore slips, buyers eye further discounts

Manganese ore spot prices to China came off Friday as a lack of buyers continued to exert pressure on sellers. Platts assessed its weekly 44% manganese ore price at $2.77/dry mt unit from $2.80/dmtu CIF Tianjin, and 37% manganese ore at $2.60/dmtu from $2.65/dmtu same basis. A Chinese trader sou ...

Dry bulk market: FFAs pump up the volume

A huge month and a buoyant quarter for volume in FFAs, with both the Baltic and SGX reporting big gains as traders increased their activity on swaps and options. But the increases stand in contrast to the mood in the market, where despite some paper volatility and a push for the big ships, there ...

Soymeal weak as U.S. prices drop, South American exports to rise

Soymeal prices on Europe’s animal feed market fell on Monday, pushed down by falling U.S. soymeal futures and expectation of larger exports from Argentina as the country’s new soybean crop arrives on the market. No major trading was reported. “There is market talk that Argentina’s soybean crushi ...

Indonesia’s Coal Price Hit an All Time Low in May

Indonesia’s coal reference price fell in May to an all-time low due to oversupply in the market, the Energy and Mineral Resources Ministry announced. May’s coal price dropped to $61.08 per metric ton, 5.2 percent lower than April’s price of $64.48 per ton. The price declined 17 percent compared ...

South African bulk exports out of Saldanha surge in April to record high

South Africa’s bulk export volumes out of Saldanha, which are mostly iron ore, surged by 41.8% year on year in April to a record 7.1-million tons (Mt), data from the Transnet National Ports Authority showed. This meant that total bulk exports grew by 12.6% year on year in April to 15.3 Mt. The i ...

Modi: India should export metals, not minerals

Prime Minister Narendra Modi said that India needed to stop exports of mineral resources and instead should export metals. Speaking at the inauguration of the 2.5 million tonne new IISCO plant at Burnpur in West Bengal, the Prime Minister said the Centre was working towards policy change so that ...

India: Steel companies say demand picking up, see upward revision in prices

Domestic steel producers are a divided lot when it comes to price revision for May, but are upbeat about the demand prospects going ahead. While some companies see stability returning to the market amid improvement in global demand, others continue to face the brunt of increased dumping from cou ...

How China’s slowdown affects India and Global Steel markets?

China has been witnessing a decline in demand for steel in the domestic market which had its repercussions in the global market. The US and the Eurozone markets were especially hurt as a result of the developments in China. The dip in consumption in the internal markets led to an unenviable situ ...

Indonesia’s May HBA thermal coal price slides to all-time low of $61.08/mt

Indonesia’s Ministry of Energy and Mineral Resources set its May thermal coal reference price, also known as Harga Batubara Acuan, at an all-time low of $61.08/mt FOB. The price is down 5.3% from April’s HBA price of $64.48/mt and 17% lower from the May 2014 price of $73.60/mt. The HBA is a mont ...