Global demand for coking coal in steelmaking is expected to increase by around 2.25% y-o-y in 2023. World Steel Association’s (WSA) short-range outlook published in April this year predicts that world crude steel production is expected to increase by 2.3%...
- July 7, 2023
In a recent development, certain Indian steel mills have started importing Australian iron ore fines in place of mainstream Brazilian iron ore concentrates. SteelMint has heard that Australian miners have started supplying low- to medium-grade iron ore fines (Fe57%-60.5%) to...
- June 23, 2023
India recorded highest-ever coal production of over 890 million tonnes (mnt) in financial year 2022-2023 (FY’23), while Coal Ministry projections show that coal supply (domestic + imports) may rise to 1,692 mnt by FY’30. State-owned Coal India Ltd. (CIL) is...
- June 22, 2023
Competitive bidding route gains traction from FY20 Odisha tops auctions chart since FY16 Odisha and Karnataka eye further auctions India’s mineral block auctions showed a marked upturn in 2022-23 (FY23) with successful bids more than doubling y-o-y. Madhya Pradesh led...
- June 20, 2023
Decreased imports from China drag down total volumes Shipments seen from Lloyds as EC increases to 10 mntpa Weak global steel demand weighing on near-term exports Both iron ore and pellet exports fell m-o-m in May, reveals data maintained with...
- June 20, 2023