Tuesday, Feb 01, 2011
India imported 36.1 million tonnes of coking coal in 2010, a 33% year-on-year jump, according to The Salva Report.
Australia was by far the biggest supplier of coking coal to the Asian nation, contributing 84% with US imports accounting for 5%, New Zealand 3% and South Africa 2.3%, Salva Reports.
Indian thermal coal imports for Nov dropped to 5.3 million tonnes, from the record 6.4 million tonnes imported in October, according to Salva which said the fall could be attributed to increased domestic production throughout October and the rising cost of imported thermal coal.
Showing posts with label year 2010. Show all posts
Showing posts with label year 2010. Show all posts
Tuesday, February 1, 2011
MEPS announces global crude steel output forecast for 2011
Tuesday, 01 Feb 2011
MEPS estimates world steel output, in 2010, at just over 1.4 billion tonnes. This equates to a rise of over 190 million tonnes as compared with 2009. China, Japan and the US have contributed over 50% of the growth. Steel production in Germany and South Korea has also shown significant expansion.
The majority of countries have recorded double digit percentage rises in 2010 relative to 2009. The largest of these are found in the more economically developed regions like European Union, North America and Oceania, whose markets declined the most in the downturn of 2009.
The economic outlook for 2011 is cautiously optimistic. In the West, certain sectors of the economy are performing well. However, the construction market remains depressed and this continues to dampen demand for steel, especially long products. Government spending cuts and the fragile financial situation could pose further negative risks.
In 2011, strong growth in steel production is expected in South America and the Middle East. Although the impact of this will be relatively small on the world total when compared to the dominance of China. Gains in the industrialized nations are likely to be modest. MEPS forecasts a YoY increase of approximately 4.4% for global steel production in 2012.
MEPS global crude steel production forecast.
MEPS estimates world steel output, in 2010, at just over 1.4 billion tonnes. This equates to a rise of over 190 million tonnes as compared with 2009. China, Japan and the US have contributed over 50% of the growth. Steel production in Germany and South Korea has also shown significant expansion.
The majority of countries have recorded double digit percentage rises in 2010 relative to 2009. The largest of these are found in the more economically developed regions like European Union, North America and Oceania, whose markets declined the most in the downturn of 2009.
The economic outlook for 2011 is cautiously optimistic. In the West, certain sectors of the economy are performing well. However, the construction market remains depressed and this continues to dampen demand for steel, especially long products. Government spending cuts and the fragile financial situation could pose further negative risks.
In 2011, strong growth in steel production is expected in South America and the Middle East. Although the impact of this will be relatively small on the world total when compared to the dominance of China. Gains in the industrialized nations are likely to be modest. MEPS forecasts a YoY increase of approximately 4.4% for global steel production in 2012.
MEPS global crude steel production forecast.
| Region | 2010 (e) | 2011 (f) |
| EU 27 | 172.9 | 178.2 |
| Americas | 155.3 | 162.1 |
| Asia | 900.2 | 948.3 |
| Others | 186.7 | 196.5 |
| World Total | 1415.0 | 1485.0 |
In million tonnes
(e) - Estimate
(f) - Forecast
(Sourced from MEPS - World Steel Outlook)
US steel imports in 2010 surge by 47pct YoY
Tuesday, 01 Feb 2011
The Journal of Commerce reported that US steel imports in 2010 rose by 47.2% YoY.
For the year, steel imports totaled 23.9 million tons, compared with 16.2 million in 2009. Steel imports in December totaled 1.811 million tons. That was up 1.4% from November and a 28.4% increase from December 2009.
Mr David Phelps president of the American Institute for International Steel said “Current market conditions appear to increase the reasons for optimism for early 2011 for imports, domestic shipments and based on reports associated with international conditions, for exports.”
He added “Stronger market conditions at the end of the year in the US are reflected in the increase in December of arrivals of semi finished steel products for conversion by domestic mills. This optimistic development also coincides with improved pricing and lengthening lead times for the domestic industry at the end of 2010.” (sourced:joc.com)
Monday, January 31, 2011
Ukraine metallurgical companies increase sales by 45pct in 2010
Monday, 31 Jan 2011
According to the data issued by Ukraine State Statistics Committee, in 2010 the country metallurgical companies increased their product sales by 45.3%YoYto about UAH 189.442 billion.As per report, in 2010, the share of metallurgical companies in Ukraine total sale of industrial products amounted to 21.3%. In 2009, Ukraine metallurgical companies saw a 31%YoY decrease in their product sales to UAH 130.354 billion.(sourced:steelorbis)
According to the data issued by Ukraine State Statistics Committee, in 2010 the country metallurgical companies increased their product sales by 45.3%YoYto about UAH 189.442 billion.As per report, in 2010, the share of metallurgical companies in Ukraine total sale of industrial products amounted to 21.3%. In 2009, Ukraine metallurgical companies saw a 31%YoY decrease in their product sales to UAH 130.354 billion.(sourced:steelorbis)
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