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Saturday, January 8, 2011

List of worldwide coal ports, coal loading port and coal discharging port name with country name

Australia, China, Indonesia, India, France, Japan, Colombia, Colombia, Hongkong, Malaysia, Mozambique, Philippines, Pakistan's coal loading port and discharging port list.

Name of Port Status of Port Country
Adang Bay Anchorage, East Kalimantan, Coal Loading Port, Indonesia
Apar bay, Coal Loading Port Indonesia
Balikpapan,Coal Terminal Coal Loading Port,Indonesia
Baoshan Coal & Ore Port, Coal Discharging Port, China
Barranquilla - CDC Private Port, Coal Loading Port,Colombia
Bedi Port, Coal Discharging Port , India
Bontang Coal Terminal, Coal Loading Port Indonesia
Bunyu Anchorage, East Kalimantan, Coal Loading Port, Indonesia
Carrington Coal Terminal, Coal Loading Port, Australia
Cartagena - Carbones Del Caribe Berth, Coal Loading Port Colombia
Castle Peak - Tap Shek kok, Coal Discharging Port Hongkong
Cenko Port, Kintap, South Kalimantan Coal (Barge) Loading Port, Indonesia
Cigading International Bulk Terminal Coal Loading & Discharging ... Indonesia
Cigading Port - Indocement Coal Discharging Port Indonesia
Cochin Port, Coal Discharging Port India
Covanta Mauban Power Private Jetty Coal Discharging Port, Philippines
Dahanu Port, Coal Discharging Port, India
Dahej Port, Coal Discharging Port, India
Dharamtar Port, Coal Discharging Port, India
DTBS 1Port - Kintap, South Kalimantan Coal (Barge) Loading Port, Indonesia
DTBS 2 Port, Kintap, South Kalimantan Coal (Barge) Loading Port, Indonesia
Dunkirk - Sideco Terminal, Coal Discharging Port, France
Dunkirk - Western Bulk Terminal, Coal Discharging Port, France
Enore Port, Coal Discharging Port, India
Fangcheng Coal Terminal Coal Loading & Discharging ... China
Fukuyama - NKK Coal & ore centre Coal Discharging Port, Japan
Gangavaram Port, Coal Discharging Port, India
Haji Bandar Port, ( MBFL) Coal Discharging Port, India
Haldia Port, Coal Discharging Port, India
Hongkong Port - China
Light Power Station, Coal Discharging Port, Hongkong
Hongkong Port - Lamma Power Station Coal Discharging Port, Hongkong
Jorong Anchorage, South Kalimantan Coal Loading Port, Indonesia
Kakinada Port, Coal Discharging Port, India
Kandla Port, Coal Discharging Port, India
Karaikal Port, Private Limited Coal Discharging Port, India
Keratapati Coal (Barge) Loading Port, Indonesia
Kintap - Dewata Utama, South Kalimantan Coal (Barge) Loading Port, Indonesia
Kintap - SKJM, South Kalimantan Coal (Barge) Loading Port, Indonesia
Kooragang Coal Terminal Coal Loading Port, Australia
Krishnapatnam Port Coal Discharging Port, India
KSU River Port, Kintap, South Kalimantan Coal (Barge) Loading Port, Indonesia
Lumut Port Dry Bulk & Liquid cargo, Malaysia
Magdalla Port, Coal Discharging Port,India
Mandiri River Port 1, Kintap, South Kalimantan, Coal (Barge) Loading Port Indonesia
Matola Coal Terminal Coal Loading Port Mozambique
Miang Besar Coal Terminal (MBCT) Ocean Going Vessel Coal L, Indonesia
Mormugao Port Coal Discharging Port, India
Muara Banyu Asin Anchorage, Palembang, Coal Loading Port,Indonesia
Muara Berau, Samarinda, East Kalimantan Coal Loading Port,Indonesia
Muara Jawa, Samarinda, East Kalimantan Coal Loading Port,Indonesia
Muara Pantai, Berau, East Kalimantan Coal Loading Port,Indonesia
Muara Sabak, Jambi Coal Loading Port Indonesia
Muara Satui South Kalimantan Coal Loading Port,Indonesia
Muarasabak Coal Loading Port, Indonesia
Mul Dwarka Port, Coal Discharging Port, India
Mumbai Port Coal Discharging Port, India
Mundra Port IndiaNavalaki Port Coal Discharging Port, India
New Mangalore Coal Discharging Port, India
North Pulau Laut Coal Terminal Coal Loading Port, Indonesia
Okah Port Coal Discharging Port India
Pagbilao Port Coal Discharging Port, Philippines
Pagbilao Power Plant Private Terminal, Coal Discharging Port, Philippines
Paiton - Paiton Energy Company, Coal Discharging Port, Indonesia
Panjim Port Coal Discharging Port, India
PCMU (Pribumi Citra Mega Utama Jetty), Kintap, South Kalimantan,Coal (Barge) Loading Port, Indonesia
PIK Lubuk Tutung Anchorage Coal Loading Port, Indonesia
Pipavev Port Coal Discharging Port, India
Porbandar Port Coal Discharging Port, India
Port Dickson - KTM Jetty Coal Discharging Port, Malaysia
Port Karachi Coal Discharging Port, Pakistan
Port Klang (Kapar) Coal Discharging Port, Malaysia
Port of Chennai Coal Discharging Port, India
Port of Qinhuangdao Coal Loading & Discharging ... China
Port Qasim Coal Discharging Port, Pakistan
Pradip Port Coal Discharging Port, India
Pulau Laut Coal Terminal Coal Loading Port, Indonesia
Pulau Tikus Anchorage, Bengkulu, Coal Loading Port, Indonesia
Richards Bay Coal Terminal Coal Loading Port, South Africa
Satui Anchorage Coal Loading Port, Indonesia
Sebuku Anchorage, South Kalimantan, Coal Loading Port,Indonesia
Sikka Port Coal Discharging Port, India
SSDK Jetty, Kintap, South Kalimantan, Coal (Barge) Loading Port, Indonesia
Sual Port Coal Discharging Port, Philippines
Sungai Pakning Anchoarge Coal Loading Port, Indonesia
Sungai Bangkong, Tembilahan Coal Loading Port, Indonesia
Sungai Danau-Andang Puspita Jaya Sejati, South Kalimantan, Coal (Barge) Loading Port, Indonesia
Sungai Danau-BDK, South Kalimantan Coal (Barge) Loading Port, Indonesia
Sungai Danau-H Abidin, South Kalimantan Coal (Barge) Loading Port, Indonesia
Sungai Danau-KSA, South Kalimantan Coal (Barge) Loading Port, Indonesia
Suralaya - PLN Coal Discharging Port, Indonesia
Taboneo Anchorage, Banjarmasin, Coal Loading Port Indonesia
Tanah Merah Coal Terminal Coal Loading Port Indonesia
Tanjung Bara Anchorage Coal Loading Port Indonesia
Tanjung Bara Coal Terminal - TBCT, Coal Loading Port, Indonesia
Tanjung Pemancingan, South Kalimantan, Coal Loading Port, Indonesia
Tanjung Petang, South Kalimantan, Coal Loading Port, Indonesia
Tarahan Coal Terminal Coal Loading Port, Indonesia
Tarakan (Inside Harbour) Coal Loading Port, Indonesia
Tarakan - Tanjung Batu Coal Loading Port, Indonesia
Teluk Bayur - Padang Coal & General Cargo Handl ... Indonesia
TG. Mangkok Anchorage Coal Loading Port, Indonesia
Timbau Port (River Port) Coal (Barge) Loading Port, Indonesia
Tuticorin Port Coal Discharging Port, India
Visakhpatnam (Vizag) Port Coal Discharging Port, India
Xinsha port Coal Discharging Port, China

Figures above are average quarterly export prices for metallurgical coal ('coking coal'; 'met coal') shipped from the USA expressed in USD per short ton on an f.a.s. basis [free alongside ship]. To see domestic US coking coal prices and / or other commodity price data including thermal coal, iron ore, ferrous scrap, natural gas and electricity prices, see our commodity prices page. Source: all figures above are courtesy of the EIA

Government remain cautious over foreign investment in mining in Indonesia

Courtsey news via Saturday, 08 January2011
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors turn to Indonesia to capitalize on possible increases in global commodities, an Energy Ministry official said.
A looming increase in global demand for commodities will lure investors, said Bambang Setiawan, director general of mineral, coal and geothermal at the Energy Ministry.
“We are targeting moderate investment in the mining sector this year, at $3.2 billion, slightly higher than last year’s $3.18 billion,” Bambang said on Friday.
Priyo Pribadi, the head of the Indonesian Mining Association, forecast an even more bullish future for the sector, projecting as much as $8 billion in investment. “I have documented thousands of investments this year,” he said. Bambang said almost all production of commodities is expected to increase this year. Tin production is forecast to increase sharply to 95,000 tons this year from 54,646 tons last year, he said.
Coal production is forecast to surge 27 percent to 375 million tons this year from 275 million tons last year. Bambang also said coal prices would remain high. Recent floods that struck Australia are expected to boost coal prices. Harvests of several commodities in Indonesia, especially palm oil and rubber, were damaged by the La Nina weather phenomenon, which caused heavy downpours throughout the dry season and reduced supplies, contributing to higher prices.
Data from the Energy Ministry showed the coal price in 6,322 cal/kg is $112.4 per ton, higher than than December’s price of $103.4 per ton.
Analysts claim that uncertainty over regulations will hamper mining investment, and Bambang admitted that land acquisition and environmental rules remain a problem.
The Jakarta Globe reported last month that total investment in the oil and gas industry was estimated to increase 58 percent to $18.9 billion this year from $11.95 billion last year.
Oil production is forecast to reach 955,000 barrels per day this year, lower than the government’s target of 965,000 bpd in 2010
Source: The Jakarta Globe

Indonesian Coal Price Reference ( HBA), Benchmark Price - Monthly Coal Price

Indonesian Coal Price Reference ( HBA) :(US$/MT) : January 2011 US$ 112.40 M.T.
Assessment Basis : HBA, Quality, Delivery
Last Update : 07/01/2011 15:02:00 Source : DJMBP - ESDM, Indonesia

Benchmark Price - Monthly Coal Price
(US$/MT)
Coal Brand------GCV---TM-----Total---Ash---Decem'10---Jan 11--Change Price-Change (Basic Coal Brand)--(GAR)--(GAR)-Sulphur--------2010--------2011----(US$/MT)------ %
Gunung Bayan I---- 7,000----10-----1---- 15------ 111.41-----121.15---- 9.74----8.74
Prima Coal ---------6,700---- 12---- 0.6--- 5----- 108.43-----117.54---- 9.11----8.4
Pinang 6150--------6,200---- 14.5--- 0.6---5.5----- 97.7----- -105.89---- 8.19----8.38
Indominco IM East-5,700---- 17.5----1.6--- 4.8----- 84.18----- 91.45----- 7.27 ---8.64
Melawan Coal------ 5,400--- 22.5---- 0.4---- 5----- 78.61----- 85.08----- 6.47----8.23
EnviroCoal--------- 5,000----- 26---- 0.1----1.2---- 72.02-----77.74----- 5.72----7.94
Jorong J-1 ---------4,400---- 32----- 0.3--- 4.2----- 58.1----- 62.73-----4.63----7.97
Eco Coal ----------4,200---- 35----- 0.2----- 3.9--- 52.52----56.64---- 4.12---- 7.84

Declared by : The Directorate General of Mineral, Coal and Geothermal, Ministry of Enegy and Mineral Resources, Republic of Indonesia
Assessment Basis ( Coal Marker & Other Coal Brand)
HBA : Monthly average of four international coal indices (ICI 1 - 25%, Platts 1 - 25%, New Castle Export Index - 25% and Newcastle globalCoal Index - 25%)
Quality : GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Sulphur 0.80%, Ash Content 15.00%
Delivery : Free on Board (FOB) Mother Vessel.For the spot price (coal contract or delivery below 1 year) the average index is 1 month earlier in which the coal selling price prevailing in one month is based on a monthly index price/coal price reference. For term price (definite term), reference price uses the average coal price reference in the past 3 months in order to determine the contract price 1 year ahead. The interval between the sale and purchase contract and delivery does not exceed 3 months.For FOB Barge, adjustment should be made (deduction of barging and transshipment costs from FOB Vessel to FOB Barge).
Remark : Leeuniversal.blogspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the blog is intended for informational purposes only and is not intended as professional counsel and should not be used as such. Blog will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the blog do so at their own risk. Read our Terms of Use Privacy Policy Disclaimer before use of this site. Source : DJMBP - ESDM, Indonesia Last Update : 07/01/2011 15:33:00

Friday, January 7, 2011

Metallurgical Coal Prices shipped from the USA during 1996 to 2010

Steelmaking input costs - historic price trends
Coking coal export prices
Year/Month Coking Coal$/ton
1996 Q1 $46.28
1996 Q2 $45.73
1996 Q3 $45.08
1996 Q4 $44.95
1997 Q1 $46.60
1997 Q2 $45.58
1997 Q3 $44.73
1997 Q4 $44.96
1998 Q1 $46.09
1998 Q2 $44.65
1998 Q3 $43.93
1998 Q4 $43.46
1999 Q1 $44.87
1999 Q2 $41.97
1999 Q3 $40.29
1999 Q4 $40.20
2000 Q1 $40.49
2000 Q2 $38.20
2000 Q3 $39.53
2000 Q4 $37.67
2001 Q1 $39.25
2001 Q2 $40.12
2001 Q3 $43.19
2001 Q4 $44.74
2002 Q1 $46.82
2002 Q2 $44.24
2002 Q3 $45.33
2002 Q4 $45.70
2003 Q1 $46.34
2003 Q2 $44.62
2003 Q3 $43.10
2003 Q4 $43.99
2004 Q1 $54.10
2004 Q2 $65.32
2004 Q3 $67.33
2004 Q4 $68.43
2005 Q1 $73.65
2005 Q2 $81.27
2005 Q3 $85.92
2005 Q4 $85.98
2006 Q1 $91.90
2006 Q2 $90.08
2006 Q3 $90.65
2006 Q4 $90.70
2007 Q1 $91.81
2007 Q2 $86.49
2007 Q3 $87.99
2007 Q4 $90.19
2008 Q1 $98.90
2008 Q2 $129.91
2008 Q3 $149.30
2008 Q4 $156.65
2009 Q1 $133.86
2009 Q2 $115.25
2009 Q3 $111.64
2009 Q4 $112.91
2010 Q1 $117.36
2010 Q2 $143.7

Figures above are average quarterly export prices for metallurgical coal ('coking coal'; 'met coal') shipped from the USA expressed in USD per short ton on an f.a.s. basis [free alongside ship]. To see domestic US coking coal prices and / or other commodity price data including thermal coal, iron ore, ferrous scrap, natural gas and electricity prices, see our commodity prices page.

Source: all figures above are courtesy of the EIA

Thursday, January 6, 2011

JSW steel, Jindal Iron and Steel Company, Jindal Vijayanagar Steel

JSW Steel, the flagship company of the JSW Group, is the largest integrated private steel manufacturer in India in terms of installed capacity. JSW’s history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO).
In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel (JVSL) was setup with its plant
located at Toranagallu in the Bellary-Hospet area in the State of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. JSW Steel, is today one of the low cost steel producers in the world. It has grown to USD 2.50 billion in little
over a decade. It is been ranked 2nd among top 32 ‘World Class’ steelmakers by World Steel Dynamic (June 2010). It also has a plant at Salem with an annual capacity of 1 million tonne. It is on the threshold of a major expansion plan of adding 3.2 million tons per annum to its at Vijayanagar Plant to achieve 11 MTPA by 2011. It has established a strong presence in the global value-added steel segment with the acquisition of a steel mill in US and a Service Center in UK. JSW Steel has also formed a joint venture for setting up a steel plant in Georgia. The Company has further acquired iron ore mines in Chile and coal mines in USA & Mozambique.

JSW Steel offers the entire gamut of steel products, pellets, slabs, HR coils/ sheets, HR plates, CR coils, Galvanized coils/ sheets, Colour coated coils/ sheets. It is the leading manufacturer of cold rolled, galvanized and colour coated steel with manufacturing facilities at Vasind & Tarapur in Maharashtra. JSW Steel is the largest manufacturer and exporter of galvanized steel in India with its products exported to over 100 countries. It is the first Indian Company, under a technology licensing from BIEC International Inc., USA to produce Galvalume sheets. By 2020 the company would be producing 32 million tons of steel annually with Greenfield integrated steel plants coming up in West Bengal and Jharkhand.

JSW organisation key persons email addresses with designation.

Sajjan Jindal (Vice Chairman & Managing Director)
Email : sajjan.jindal@jsw.in

Sangita Jindal (Chairperson - JSW Foundation)
Email : sangita.jindal@jsw.in

N. K. Jain (Vice Chairman - JSW Energy Ltd. , Chairman - JSW Infrastructure Ltd)
Email :nirmal.jain@jsw.in

Seshagiri Rao (Jt. Managing Director & Group CFO)
Email : seshagiri.rao@jsw.in

Dr. V. K. Nowal (Director & CEO)
Email : vinod.nowal@jsw.in

Jayant Acharya (Director - Commercial & Marketing)
Email : jayant.acharya@jsw.in

S.S.Rao (Whole Time Director - JSW Energy Ltd.)
Email : ss.rao@jsw.in

Lalit Kumar Gupta (JMD & CEO – JSW Energy Ltd.)
Email : lalit.gupta@jsw.in

Captain B. V. J. K. Sharma (JMD & CEO – JSWIL & SWPL)
Email : bvjksharma@jsw.in

K. N. Patel (JMD & CEO – JSW Holdings Ltd.)
Email : kantilal.patel@jsw.in

D. Ravichander (CEO – Salem Works)
Email : d.ravichandar@jsw.in

Biswadip Gupta (JMD & CEO - JSW Bengal Steel)
Email : biswadip.gupta@jsw.in

Sandeep Gokhale (President - Business Development, JSW Steel )
Email : sandeep.gokhale@jsw.in

R. C. Sodani (CEO – JSW Cement Ltd)
Email : roop.sodani@jsw.in

Pankaj Kulkarni (CEO – Special Projects)
Email : pankaj.kulkarni@jsw.in

J. K. Tandon (CEO - Corporate Sustainability)
Email : jugal.tandon@jsw.in

Tuhin Mukherjee (Executive Director - Mining)
Email : tuhin.mukherjee@jsw.in

Rajiv Garg (Director – North America)
Email : rajiv.garg@jsw.in

Krishna Deshika (Director Finance - Bengal Projects)
Email : krishna.deshika@jsw.in

Rajinder Sharma (President - Legal & Group General Counsel)
Email : rajinder.sharma@jsw.in

Sanjay Sagar (President – Project Development, JSW Energy)
Email : sanjay.sagar@jsw.in

P. Sasindran (COO – Vijayanagar works)
Email : sasindran.p@jsw.in

R.R. Pillai (COO – JSWEL)
Email : ramaswamy.pillai@jsw.in

Upinder Singh (COO – RWPL)
Email : upinder.singh@jsw.in

Raghu Bhargava (CEO – JSW Services)
Email : raghu.bhargava@jsw.in

C. T. Nadarajah Nagappa (CEO – Indonesia Coal Project)
Email : nadarajah.nagappa@jsw.in

Rajesh Asher (Sr. Vice President – Finance & Investor Relations)
Email : rajesh.asher@jsw.in

Anirudh Singh (Sr. Vice President – Corporate HR)
Email : anirudh.singh@jsw.in

Sunil Prakash (Sr. Vice President - Business Development & Operational Excellence)
Email : sunil.prakash@jsw.in

Rajeev Pai (CFO, JSW Steel Ltd.)
Email : rajeev.pai@jsw.in

Pramod Menon (CFO - JSW Energy Ltd.)
Email : pramod.menon@jsw.in

R.G Ramchandran (CFO - SWPL & JSWIL.)
Email : rg.ramachandran@jsw.in

Manoj Mohta (CFO – JSW Cement Ltd)
Email : manoj.mohta@jsw.in

Anil Kavadiya (CFO – JSW Aluminium)
Email : anil.kavadiya@jsw.in

Sharmila Banerjee (Group Head - Corporate Communications)
Email : sharmila.banerjee@jsw.in


Prashant Jain (Head Corporate Strategy)
Email : prashant.jain@jsw.in

For more information visit http://www.jsw.in

JSW Steel Will Import 40% More Coking Coal Next Year on Capacity Increase

Courtesy news via Bloomberg by Abhishek Shanker - Jan 6, 2011 6:16 AM GMT+0530

JSW Steel Ltd., India’s third-largest producer, plans to increase coking coal imports from Australia and the U.S. by as much as 40 percent next fiscal year as it raises production.

Imports will climb to about 7 million metric tons in the year from April 1, part of which will come from JSW Steel’s U.S. mines, Chief Executive Officer Vinod Nowal said in an interview in Mumbai. Capacity at its Vijayanagar factory in the southern state of Karnataka is slated to increase 47 percent to 10 million tons by March, he said.

India’s steel demand, which rose about 8 percent last fiscal year, is forecast by the government to grow 10 percent this fiscal year, helped by spending on roads, ports and automobiles. JSW Steel, which imports all its coking coal, has built its plant to limit coal usage as prices climb because of supply disruption caused by flooding in Australia, the world’s largest exporter.

“We’ve designed our furnace and raw material feed in a way that our coal requirement will be amongst the lowest in India,” Nowal said by phone yesterday. “Talks to secure coking coal are on and we should be able to contract the required quantity.”

JSW Steel, which is expected to use 5 million tons of coking coal by March 31, increased purchases in December in preparation for the rains in Australia, from where it gets the bulk of its supply, Nowal said. Indian companies paid about $208 a ton for coking coal in the quarter ended Dec. 31, said Niraj Shah, an analyst at Fortune Equity Brokers Ltd. in Mumbai.

Coal Prices

Prices may rise to $270 a metric ton for three-month contracts starting April 1 as the floods in Australia threaten to take as much as 10 million tons of metallurgical coal out of the market, Colin Hamilton, a London-based analyst at Macquarie Group Ltd., said in an e-mailed response to questions. Mills agreed to pay $225 a ton for the quarter beginning Jan. 1, Bank of America Merrill Lynch analysts wrote in a report last month.

JSW Steel shares, which rose 16 percent last year, fell 1.7 percent to 1,147.50 rupees at the close of trading yesterday in Mumbai. The benchmark Sensitive Index of the Bombay Stock Exchange dropped 1 percent.

The company expects to use no more than 700 kilograms (1,543 pounds) of coal to make a ton of steel, about 10 percent less than rivals, making it amongst the most efficient mills in the nation, Nowal said.

Acquisitions

JSW Steel, which earmarked $500 million for acquiring coking coal assets overseas, is seeking mines in Australia and Africa. The company bought coking coal assets in the U.S. in May and plans to start shipments from the mines this quarter, Group Chief Financial Officer Seshagiri Rao said on Sept. 23.

Tata Steel Ltd., India’s biggest producer, buys all the coal for its European operations and about half its Indian requirement from overseas. Steel Authority of India Ltd., the second-largest producer, imports 70 percent of its needs.

Indian steelmakers imported about 27 million tons of coking coal in the year ended March 31, according to Gujarat NRE Coking Coal Ltd., the nation’s largest non-state producer.

JSW Steel, which plans to add about 3.2 million tons of capacity at Vijayanagar, will probably start the new blast furnace at the plant on March 25, Nowal said.

“First half of the calendar year is always the best for Indian steel output and consumption, hence the requirement of coal is also higher,” Shah said.

To contact the reporter on this story: Abhishek Shanker in Mumbai at ashanker1@bloomberg.net

Coking Coal Contract Price May Rise 33% on Australian Floods

Courtesy news via Bloomberg by Ben Sharples - Jan 5, 2011 6:30 PM GMT+0530

Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years in Australia’s Queensland state disrupted output from the world’s biggest shipper of the fuel.

Prices may increase to $270 a metric ton for three-month contracts starting April 1 as the floods threaten to take as much as 10 million tons of metallurgical coal out of the market, Colin Hamilton, a London-based analyst at Macquarie Group Ltd., said in an e-mailed response to questions. Daiwa Capital Markets analyst David Brennan said prices may jump to $300 a ton. Mills agreed to pay $225 a ton for the three months starting Jan. 1, Bank of America Merrill Lynch analysts wrote in a report last month.

Rain in Queensland, where waters have inundated an area the size of France and Germany, has prompted BHP Billiton Ltd. and Rio Tinto Group to declare force majeure, a legal clause that allows mines to miss deliveries. About 37 percent of the world’s traded coking coal is affected, according to Macquarie. Floods in Queensland in 2008 left steel producers, including Japan’s Nippon Steel Corp. and JFE Holdings Inc., with a threefold increase in annual contract prices to about $300 a ton.

“Queensland accounts for the majority of the premium hard coking coal supply on a global seaborne basis,” Alex Tonks, a commodity strategist at Bank of America Merrill Lynch in Sydney, said by telephone. “A lot of operations have been impacted. It certainly looks pretty bad at this stage.”

Flooding is also affecting thermal coal, used by power stations, driving the price of supplies at the port of Newcastle in Australia’s New South Wales, the benchmark for Asia, to the most in 27 months. Prices jumped 3 percent to $126.10 a ton in the week ended Dec. 31, the most since Oct. 2008, according to IHS McCloskey, a Petersfield, U.K.-based provider of coal data.

Monthly Contracts

Coking coal suppliers traditionally hold annual talks with steelmakers to fix benchmark contracts for the 12 months from April 1, the start of the Japanese financial year. BHP has urged the industry to move to short-term deals to make prices more responsive to market changes. It agreed with JFE Holdings to the first three-month accord in March last year.

Steelmakers may agree to monthly pricing for coking coal, as proposed by BHP, in a “price spike environment” rather than locking in $300 a ton for a whole quarter, Macquarie said in an e-mailed research note Jan. 4.

“We’re moving away from that quarterly contract pricing,” Daiwa’s Brennan said from Melbourne. “I can see that BHP wants to go to monthly. When I say $300 a ton that would be for one month in April for example, but not for the three months.”

Port Stockpiles

Coal stockpiles at Gladstone harbor in Queensland are “very low” after flooding shut a rail network, Craig Walker, acting chief executive officer of Gladstone Ports Corp., said yesterday. Eighteen ships are waiting to load and 12 more are expected at the harbor in the next 10 days, he said.

“The flooding will provide further upside to international coal prices and a floor to Chinese prices,” Helen Lau, an analyst at UOB-Kay Hian Ltd., said by telephone from Hong Kong. “It’ll easily take six to eight weeks, in a blue-sky scenario, before Australian supplies return to normal. Maybe it’ll take three to four months.”

Australia shipped 259 million tons of coal for steel and power in 2009, the World Coal Association said on its website.

Global steel demand is forecast to reach a record 1.34 billion tons in 2011, the World Steel Association said in October. The biggest producers are in China, which account for about 45 percent of the world’s production.

‘Sufficient Supplies’

Tata Steel Ltd. said it increased purchases in December in preparation for the adverse weather. The Mumbai-based company, India’s biggest producer of steel, ensured it had sufficient supplies, Managing Director H.M. Nerurkar said Jan. 4 by phone.

JSW Steel Ltd., India’s third-biggest producer, also imported a higher quantity of coking coal in December in anticipation of the rains in Australia, from where it gets the bulk of its supplies, Chief Executive Officer Vinod Nowal said in a Jan. 4 interview from Mumbai.

China Steel Corp.’s costs for coal increased by $10 million because of the flooding, Executive Vice President Chung Le-min said Jan. 4 from Kaohsiung, Taiwan. Taiwan’s biggest maker of the metal bought spot coal from Russia and Canada because some Australian suppliers were unable to make deliveries, he said.

About 98 million tons of capacity to produce steelmaking coal is under force majeure, equivalent to 73 percent of Queensland exports, Macquarie said. The floods have resulted in 10 deaths and the displacement of about 200,000 people in Queensland, according to the state police.

Australia is the largest producer of coal used in steelmaking, contributing more than 40 percent of the global seaborne trade, according to Deutsche Bank AG. The country is the second-largest exporter of the commodity after Indonesia.

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net


Wednesday, January 5, 2011

BUMA Secures US$500 Million Berau Coal Contract

Courtsey news via Theindonesiatoday.com

PT Bukit Makmur Mandiri Utama (BUMA) Tbk, a subsidiary of Delta Dunia Makmur (DOID), has secured an up to US$500 million coal mining contract from PT Berau Coal.
DOID told stock market authorities that BUMA secured the contract from PT Berau Coal (BRAU) Tbk, parent company of PT Berau Coal for its Pit East 2.
Under the contract, BUMA shall remove overburden of up to 226 million BCM and mine coal of 20.7 million tons. The contract was signed December 27, 2010. Effective March 2011, the contract will end in five years time with estimated value of between US$400 million to US$500 million. Other than the new contract, BUMA also has other contracts with BRAU with maturity in 2018.

For any inquiry this article please mail to ferdi@theindonesiatoday.com

US coal miners rally, eye exports on Australia floods,

Courtsey news via Reuters by Steve James and Bruce NicholsMon Jan 3, 2011.

NEW YORK/HOUSTON, Jan 3 (Reuters) - U.S. coal miner shares rallied on Monday as massive floods in Australia disrupted a big chunk of the world's metallurgical coal supply, driving up prices and causing Asian importers to hunt for alternatives.

Floods in northeast Australia have brought most mining operations to a halt in Queensland, which produces the bulk of Australia's steelmaking coal. Australia is the largest exporter of the grade, exporting about 125 million tonnes, with the United States a distant second at 33 million tonnes in 2009.

Steelmakers globally are feeling the effect and are bidding up prices for U.S. exports of high-grade coal that is a key ingredient for producing steel. U.S. metallurgical coal is among the world's best, analysts said.
"Japanese, Korean and Taiwanese mills have started inquiring about near term U.S. coal at market prices higher than the pattern deal for the first quarter," said coal trader Frank Kolojeski at Export Commodities International Inc.
BHP (BHP.AX) and Japanese steelmakers agreed on $225 per metric tonne ($205 per U.S. short ton) for the first quarter of 2011 but analysts say $300 and above, last reached in 2008 when Australia suffered flood problems, is not out of the question.
All U.S. coal company stocks rose, with Consol Energy (CNX.N) leading the pack with a jump of 5 percent.
Inside Coal industry newsletter said met coal prices in Australia had risen past $240 a metric tonne before Christmas, and analysts said the price likely is higher than that now.
"Spot coal likely is trading at a significant premium," said Brian Gamble, coal analyst at Simmons & Co in Houston.
Lower-grade thermal coal, used to make steam in power plants, also is rising but the impact on utilities has beens less pronounced, analysts said.
U.S. coking coal exports have increased this year from 35.4 million in the 12 months through January 2010 to 49.8 million tons in the 12 months through October 2010, but infrastructure constraints could limit further immediate sales to the steel mills in Japan, South Korea and China.
One factor that could boost prices for U.S. exports is port capacity, which at about 130 million short tons is very small compared to the size of the 1.1-billion-tons-per year U.S. coal industry and is nearly full already, analysts said.
But the scramble for alternatives could be even more intense now that China is important about 10 times more than it was in 2008, said Kolojeski.
"The volatility may well be greater now," Kolojeski said.
The effect on steel prices could be muted by the fact that much of the steel used, particularly in the United States, is recycled and does not require coal to manufacture, said analyst Michelle Applebaum of Steel Market Intelligence in Chicago.
In afternoon trading on the New York Stock Exchange, Consol Energy (CNX.N) stock was up 5.4 percent at $51.39 and Alpha Natural Resources was up 3.4 percent higher at $62.04. Arch Coal (ACI.N) and Massey Energy (MEE.N) were up over 2 percent and Peabody Energy (BTU.N) rose 1.4 percent.

Analysis: Steel mills face higher costs after Australia floods, Spot prices for coking coal are at around $250 a tonne

News via Reauters by James Regan and Rebekah Kebede, SYDNEY, Tue Jan 4, 2011.

(Reuters) - Spot coking coal prices have risen around 10 percent in a month and look set to move sharply higher as Asia's steel mills scour the globe for new suppliers to cover production lost to Australian floods.More than two months of torrential rains in Australia's Queensland state, the world's largest exporter of coal for steel-making, have left collieries underwater, rail lines inoperable and coal ports running at a trickle -- if at all.
Spot prices for coking coal are at around $250 a tonne, according to coal analysts and traders, more than 10 percent over the industry benchmark $225 a tonne free on board Australian ports negotiated between BHP Billiton and Japanese steelmakers for the first quarter of 2011.Pressure to find coal elsewhere is now expected to lift spot prices close to $300 a tonne in the next few weeks, a level last seen when Australian collieries flooded in 2008 and a boon to non-Australian producers like Indonesia's PT Borneo Lumbung Energi and U.S.-based Consol Energy.is off line right now," said Patersons Securities sector analyst Andrew Harrington in Sydney.Australia's 159 million tonnes of coking coal exports in 2010 accounted for nearly two thirds of global shipments, according to preliminary government figures.Flood waters are finally starting to recede in the key Queensland coal producing Bowen Basin, but remained high, said the Australian Bureau of Meteorology. Declarations of force majeure by coal miners were yet to be lifted.Wesfarmers Ltd has already trimmed 2010/11 production guidance to between 5.8 million and 6.2 million tonnes from 6.0-6.5 million."Last time around we had $100 (a tonne) coking coal go to $300 and this looks to be a lot worse than last time," Harrington said."The rains have come much earlier and the flooding is much bigger in scope, so the likelihood is that the disruption is going to be longer," Harrington said.

The jump in spot prices is expected to lead to higher second quarter contract prices, which are based on average daily spot prices over the previous three months."The market was already tight, so there's only one way things can go," said Grant Craighead, manager of Stock Resource in Sydney. "The price will get squeezed upwards and producers will scramble for coking coal wherever they can."Steelmakers globally are bidding up prices for U.S. exports of high-grade coal. Coking coal is needed to produce steel from conventional blast furnaces. U.S. metallurgical coal is among the world's best, analysts said.Taiwan-based China Steel's executive vice president, Lo Ming Chung, said about 80 percent of his company's coking coal came from Australia, but it had now turned to the spot market since it could not source coal from Australia.
China Steel's costs have risen some $10 million since the Australian floods, but it has made up all the lost supply from the spot market and is not thinking of cutting production, he added.
In China, Australia's supply disruptions have not yet spilled over to the domestic market, with steel mills holding comfortable inventory levels after having replenished supplies in November and December, local raw materials traders said.

Beijing's energy saving campaign over the past three months, which forced many mills to scale back output or shut down altogether, has inadvertently conserved supplies as well.
China, the world's top steel maker, produced around 450 million tonnes of coking coal in 2010, data from Merrill Lynch shows, and it also imported around 40 million tonnes.

If coking coal prices were to increase by 20 percent, global steelmakers' production costs would rise by over $30 a tonne, according to research by Steel Market intelligence.
Brian Gamble, a coal analyst with Simmons & Co, said the floods had created a situation where consumers of metallurgical coal were having to reevaluate their needs for 2011.
"And it's creating pressure frankly on the whole system," Gamble said in a client note.
But a Japanese steel mill executive said that coking coal supply disruptions were not unusual in Australia at this time of year, and that mills typically stocked more than a month's worth of coking coal inventory to ride out any shortage.

"The last time when Australians declared force majeure in 2008, some Japanese mills turned to Canadian coal and slightly cut production," the executive said."Spot prices spiked at that time, and there were worries that Japanese mills will not be able to buy, but eventually the imports from other sources turned out to be small," he said.

(Additional reporting by Fayen Wong in SHANGHAI, Yuko Inoue in TOKYO, Lin Miaojung in TAIPEI, Neil Chatterjee in JAKARTA, and Tom Miles in BEIJING; Editing by Michael Urquhart)

Tuesday, January 4, 2011

Australian Floods Affect 37% Of Global Coal, Macquarie Says

Rains and floods in Australia's Queensland state are disrupting tellurian reserve of steelmaking coal, with 37 percent of the world's traded prolongation affected by force majeure, according to Macquarie Group Ltd.
Force majeure, a authorised tenure which allows producers to miss contracted shipments since of resources over their control, is inspiring 98 million metric tons of metallurgical coal prolongation capacity, homogeneous to 73 percent of exports from Queensland, Macquarie estimated in a note to clients today.

BHP Billiton Ltd., Rio Tinto Group, Xstrata Plc, Peabody Energy Corp. and Anglo American Plc are between producers affected by the sleet in Australia, the world's greatest exporter of coal. The sleet comes after the nation's wettest September-to-November on record, with showers and storms foresee to go on across Queensland until at slightest Jan. 6, the Bureau of Meteorology said on its website.
Mining companies in Queensland's Bowen Basin and surrounds operate 50 mines, according to Queensland's Department of Employment, Economic Development and Innovation.
Contributor of this story: Elisabeth Behrmann in Sydney at ebehrmann1@bloomberg.net

Australian floods: cost to industry

How the floods will impact on coal mining and agriculture in Australia.
Australia is the world's largest coal exporter and the state of Queensland is the main supplier of the valuable commodity.
The floods have washed away key tracks linking mines to ports, shutting down several mines and costing the industry an estimated $1 billion in production so far.
With 75 per cent of mines in the state affected by the floods, coal prices have started to rise.
The price of Queensland coking coal has jumped to $253 (£164) per tonne from $225 in the past three weeks and are expected to rise further.

Saul Eslake, program director of the Grattan Institute, said the economic impact for the state would be devastating.
"It will hit in a number of ways, although it's perhaps too early to put a precise figure on the economic impact.
"The biggest short term impact in terms of dollars is the disruption to coal exports, and some figures put that at $400 million dollars a week."
Agriculture
Thousands of properties have been flooded and livestock left stranded on islands in the vast inland muddy sea.
Queensland also accounts for nearly all of the country's sugar production and export, but this year will need to buy more raw sugar from rivals Brazil and Thailand to meet sales commitments because of drenched cane fields.
The industry group Cane growers estimated up to 18 per cent of the 2010 cane harvest has been abandoned and early plantings for 2011's crop were under water.
Australia is also the world's fourth largest wheat exporter. Crop analysts and farmers said up to 50 per cent of the 2010-11 crop would be downgraded.
Widespread damage to crops in Queensland is also likely to push up fruit, vegetable and dairy prices by as much as 50 per cent due to the crop losses that are being experienced.
Tropical fruits are stranded in the wet.
About $4 million worth of pineapples are stranded in the Rockhampton area after floodwaters cut road access to the south of the city.
Around $500,000 worth of lychees and a similar amount in mangoes are also awaiting urgent distribution.

Courtsey article by Bonnie Malkin 12:41PM GMT 04 Jan 2011. Telegraph

Monday, January 3, 2011

Commodities are hot again

Courtsey news via MarketWatch by Michael Kahn, Jan. 3, 2011
NEW YORK (MarketWatch) — Deflation may be the talk of the town, but don’t tell that to the commodities markets. Despite pullbacks last month, a smorgasbord of commodities from copper and coffee to oats are at or near 52-week highs.
What’s going on? Many would like to credit a weak U.S. dollar. Since most commodities are priced in dollars, if it goes down in value it takes more of them to buy the same amount of commodities. The price by definition goes up. But the dollar was relatively unchanged last month after rallying off a rather solid support level in November. We have to conclude that there was actual rising demand for commodities, making prices go up no matter what currency is used to buy them. Perhaps it was fears over continued sovereign-debt problems in Europe. Or maybe it was money rotating out of bonds. Whatever reason the pundits would like to cite, the fact, not opinion, is that the original formulation of the Commodities Research Bureau index of 17 commodity futures traded above its 2008 peak level before December ended (see chart).
This index is more diverse in weighting than its replacement, the Reuters Jefferies CRB index, as the latter is more heavily skewed toward energy markets. I liken it to the “new Coke” of indexes as the original worked well for many decades without need for change. Let’s refresh our memories about what was happening in the second quarter of 2008. The most significant, as well as anguish-inspiring, was crude’s peak at $147 per barrel. “Evil speculators” had driven the market to insane heights, and we were paying $4 per gallon at the pump.
Gold had just reached $1,000 per ounce for the first time before backing down. Corn dragged all the grains into the stratosphere thanks to misguided love for ethanol. Even cotton was trading at what was then multiyear highs. It was no wonder the old CRB index, now called the Continuous Commodity index, had shattered its previous all-time high after tripling since 2001. But when the economic crisis of 2008 ballooned, demand for commodities plummeted and so did the CRB index. More than few politicians, I am sure, applauded the speculators’ pain. Over the past two years, however, commodities began a quiet comeback. Precious metals ran back into the record books led by sizzling silver. Grains plodded along until exploding higher in June. Sugar, cotton and even lumber all moved significantly higher, and the old CRB index already is back to its lofty 2008 levels.
To be sure, the ride was bumpy and November took down most commodities quite sharply as the media once again trumpeted the bursting of a bubble. December recoveries left patterns on the charts that were not consistent with burst bubbles. Indeed, the old CRB index merely corrected down to its rising 50-day moving average the way bull markets are inclined to do.
As of this writing in late December, the index was poking its head above resistance from both its November high and 2008 peak. Indeed, chart watchers may have labeled the pattern as a “cup with handle,” a bullish pattern with a colorful name. The theory behind it is that a peak is followed by a pullback, a pause and then a recovery. That forms the cup. A new pause at resistance forms the handle of the cup. The next breakout, if it occurs, would be a fairly reliable buy signal.
For investors, playing commodities is often risky. But there are numerous exchange-traded funds and exchange traded notes available for individual commodities, such as gold, silver, oil, grains and cotton. I would advise reading their prospectuses carefully, however, as many are not as simple as stock-market ETFs with which investors may be familiar.
Michael Kahn writes the Getting Technical column for Barron’s Online , which analyzes sectors and markets twice a week.

ArcelorMittal raises Baffinland offer to $551 Million amid takover battle

ArcelorMittal, the world’s largest steelmaker, increased its offer for Canada’s Baffinland Iron Mines Corp. as it seeks to win over shareholders amid a three- month takeover battle.
ArcelorMittal bid C$1.40 ($1.40) a share in cash for all Baffinland shares, the Luxembourg-based company said today in a statement. That’s 27 percent more than its original offer and compares with a C$1.40 hostile bid for 60 percent of Baffinland’s stock from Nunavut Iron Ore Acquisition Inc. this week.
“This is the knockout punch,” Peter Campbell, an analyst at Jennings Capital Inc. in Toronto, said today in a telephone interview. “I suppose Nunavut could secure additional funds, but this is getting expensive for them.” He valued the bid at C$550.7 million, not including outstanding warrants.
Nunavut, a venture formed in August to buy Baffinland, and ArcelorMittal are vying to gain control of the Mary River iron- ore project in the Arctic. ArcelorMittal, which on Dec. 18 raised its offer to C$1.25 a share, is seeking greater access to the steelmaking ingredient as prices climb. Baffinland’s board today recommended that holders tender their shares to the ArcelorMittal offer.
Baffinland advanced 5 cents, or 3.6 percent, to C$1.43 at 3:59 p.m. in Toronto Stock Exchange trading. The shares have more than doubled this year.
‘Tremendous Upside’
“We will be considering our options in light of Arcelor’s new offer,” Nunavut’s Chairman Bruce Walter said today in an e- mail. “Given the tremendous upside of the Mary River project if it is developed under strong ownership, there are many shareholders who understand that our current bid still provides better economic value to them than the Arcelor offer.”
“We’re fully supportive” of the ArcelorMittal offer, Daniella Dimitrov, vice chairwoman of Toronto-based Baffinland, said in a telephone interview.
ArcelorMittal’s increased offer provides “demonstrably superior value and certainty for Baffinland shareholders, compared to Nunavut Iron Ore Acquisition Inc.’s revised coercive partial offer,” Peter Kukielski, ArcelorMittal’s head of mining, said in the statement.
Bidding War
The increased bid is 150 percent more than Baffinland’s price prior to Nunavut’s original 80-cent offer in September. ArcelorMittal entered the bidding when it agreed to pay C$1.10 in November, an approach that was countered by Nunavut with a C$1.35-a-share bid for 50.1 percent of the company on Dec. 15. Nunavut is backed by U.S. private equity firm Energy & Minerals Group.
ArcelorMittal’s bid is open for acceptance until 11:59 p.m. Toronto time on Jan. 10, the company said in the statement. Tom Johnson, a spokesman for ArcelorMittal in New York, had no comment beyond the press release.
Prices for iron ore and coking coal have surged this year because of demand from China, the largest steel producer. The cost of iron ore almost doubled in the April quarter and gained more than 20 percent in the June-to-September period.
ArcelorMittal said in September it planned to spend $4 billion to increase iron-ore production to 100 million metric tons a year by 2015.
The Mary River deposit, which holds reserves of 365 million metric tons of iron ore, is located about 620 miles (1,000 kilometers) northwest of Iqaluit, the capital of Nunavut, the largest of Canada’s three northern territories.
Gordon McCreary, the former Baffinland chairman who is seeking an outside bid from a Chinese company, said last week that discussions with a state-owned company are in an “advanced state.” He resigned from Baffinland’s board in November over its acceptance of ArcelorMittal’s first offer, which he considered too low.

Courtsey news via Bloomerg by the reporter Natalie Doss in New York at ndoss@bloomberg.net.

Record high infrastructure investments to help boost Saudi steel output

A record high budget for 2011 announced by Saudi Arabia last week will boost domestic steel production as it allocates large funds for infrastructure projects, the Gulf Kingdom's largest bank said on Tuesday.
In 2010, Saudi Arabia's crude steel output was estimated at around 4.6 million tonnes, nearly 0.3 per cent of the world's total steel production of around 1,392 million, National commercial bank( NCB) said in a study.
The study, sent to Emirates 24/7, said the kingdom's steel production this year was nearly eight per cent higher than in 2009.
Citing data by the 66-nation World Steel Association, the report showed total global steel output stood at 114 million tonnes in November 2010, an increase of around 5.1 per cent over November 2009.
Saudi Arabia, the world's top oil exporter, ranked second out of total steel production in the Middle East for the first eleven months of 2010, accounting for 27 per cent, following Iran's production of 10.9 million tonnes, NCBNCB said.
It noted that Saudi Arabia's highest steel producing month during 2010 was that of January, the same month the Saudi Government re-imposed the five per cent custom duty to streamline domestic demand.

"In November, the Kingdom's steel production had decreased by around 18 per cent to 388,000 tonnes. However, the year-on-year increase in the Kingdom's production reflects the gradual return of pace to construction activity in the domestic economy," the study said. "The Kingdom's budget released last week, with its emphasis on infrastructure projects will translate into increasing demand for steel in 2011, coupled with the potential demand emanating from the much talked about railway projects. Domestic steel prices are likely to hover around USD3,200 per metric tonne."
Saudi Arabia's production of steel, cement and other construction materials is expected to rise in the next few years as the country is pushing ahead with expansion projects to meet a steady increase in domestic demand and export the surplus as part of an economic diversification programme.
Other Arab countries have launched expansion plans and new projects to increase their steel output and this will push up the overall steel production in the region from around 20 million tonnes in 2009 to 30 million tonnes in 2014.
In recent comments, an Arab industry official said regional nations are considering the creation of a giant steel company that will ensure the growing domestic needs of the metal and face strong foreign competition.
"The Arab iron and steel companies are planning to set up a giant alliance to invest in steel and iron so it will be an influential force in providing the region's needs of these metals and market its products," said Chairman of the Algiers-based Arab Iron and Steel Union (AISU) Hilal Al Tuwariki "Scores of Arab iron and steel firms have agreed on the general principle of this company and its future plans, which include expanding its market share and competing with foreign companies...more Arab firms are expected to join it."

Courtsey news via Emirates 247 2011.

EUROFER, steel companies and national steel federations throughout the European Union (EU)

EUROFER, founded in 1976, and located in Brussels, represents 100% of steel production in the EU.
Its members are steel companies and national steel federations throughout the European Union (EU).The major steel companies and national steel federations in Switzerland and Turkey are associate members.
EUROFER is not allowed to provide detailed information concerning the operational or commercial activities of its member companies. This is a direct consequence of its antitrust guidelines and its policy concerning the confidentiality of its member company data.The objectives of EUROFER are the co-operation amongst the national federations and companies in all matters that contribute to the development of the European steel industry, and the representation of the common interests of its members vis-à-vis third parties, notably the European institutions and other international organisations. Within this framework there is no role whatsoever for EUROFER in any commercial transaction.

EUROFER, the European Confederation of Iron and Steel Industries
Steel is one of the most attractive, most robust and most sustainable materials in the world. Thousands of different types of steel facilitate and improve our daily life in innumerable applications. Steel sets trends in lifestyle: it is the material of design and innovation in many aspects of our life, as for example in vehicles, building constructions, medical devices or household equipment. But steel does much more than that. Steel is 100% recyclable and therefore contributes significantly to the long-term conservation of fundamental resources for future generations.

The European steel industry’s annual revenues total about 200 billion Euros, it directly employs 420 thousand people and produces about 200 million tonnes of steel per year. More than 500 steel production sites in 27 EU Member States provide direct and indirect employment and a living for millions of European citizens.
EUROFER, the European Confederation of Iron and Steel Industries
Steel is one of the most attractive, most robust and most sustainable materials in the world. Thousands of different types of steel facilitate and improve our daily life in innumerable applications. Steel sets trends in lifestyle: it is the material of design and innovation in many aspects of our life, as for example in vehicles, building constructions, medical devices or household equipment. But steel does much more than that. Steel is 100% recyclable and therefore contributes significantly to the long-term conservation of fundamental resources for future generations.

For more information : www.eurofer.org