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Merkel cabinet approves $45B in aid for coal regions

23 May 2019 - 15:14
German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.

Indoor rainforest maker to transform former Australian coal mine

21 May 2019 - 21:56
The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine, in Australia.

Indian Steel Market Weekly Snapshot

20 May 2019 - 14:59
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.

Indian Steel Market Weekly Snapshot

10 May 2019 - 17:25
Indian domestic steel trade activities were subdued during the week-18 (27th Apr to 04th May) as prices remained volatile amid average supply-movement.

IMIDRO’s Coal Concentrate Output Up 8%

9 May 2019 - 21:48
IMIDRO’s coal concentrate output during the last Iranian year (ended March 20, 2019), registered an 8 percent growth YOY.

Daily Update: Indian Sponge & Billet Market

7 May 2019 - 21:12
Indian spot steel trade activities remains low as finished steel inventories observed more than the average basis with the mid sized mills. Participants being reported, limited inquiries from the local re-rollers for Billet & Sponge iron.

Tata Steel FY19 Results : Key Takeaways

7 May 2019 - 14:54
India’s steel giant - Tata Steel announced FY19 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.

United States Steel Export Statistics February 2019

7 May 2019 - 14:39
United States, world's largest ferrous scrap exporter and one of the leading steel exporters observed rebound in ferrous scrap exports in Feb'19 however, exports of Coal, Iron Ore and finish steel products dropped on monthly premises against volume registered in Jan'19, the data provided by US customs showed.

Indian Steel Market Weekly Snapshot

4 May 2019 - 10:41
This week (13-20 Apr'19), Indian domestic steel prices remained volatile, however trades remained on lower side amid ongoing elections & holidays mood.

Indian Steel Market Weekly Snapshot

20 April 2019 - 14:01
Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.
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