STORIES FOR THIS MORNING
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India
07-11-2023
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Metal
India imports more steel than it exports in October, totaling 0.57 mt.
Sustainable steel production is increased by new CO2 to CO technology.
SAIL plans to invest $150–200 million to increase mine capacity in Mozambique.
From April to October, SAIL's Rourkela mill produced the most crude steel ever.
India can learn industrial policy lessons from Tata and Vedanta.
JSW Steel should reconsider giving up the thermal coal mine.
Vedanta, owned by billionaires, closes a deal for Zambian copper.
British Steel is going to close its blast furnaces, endangering 2,000 jobs.
As the UAW Strike Ends, Steel Prices Increase by One
The daily steel output of CISA mills decreased by 5.65% in late October.
Liberty House Group's €140 million freezing order is approved for ArcelorMittal.
China's domestic rebar prices are predicted to rise further this week.
The EU opposes circumvention
IRON ORE
Legacy Iron Ore, an NMDC subsidiary, will mine gold in Australia
Innovative breakthrough in the bauxite refining process is patented by Vedanta Aluminium.
After a price surge, traders are being cautious, and iron ore prices are rangebound.
POWER & COAL
India will continue to be the leading coking coal importer: Oommen, President of ISA
The Coal Secretary predicts that the government will hold its next round of commercial coal mine auctions on November 15.
India to increase its coal power capacity ahead of the COP meeting
If we hadn't imported coal, India's electricity situation would have been worse than Sri Lanka's, claims RK Singh.
Demand for seaborne thermal coal in Asia is increasing, but prices are still low.
The amount of coal used in US power plants is declining, with mines feeling the full effects.