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Source: Business - Standard, June 17, 2019

Iron ore and steel players urge govt to...

India doesn't have good quality coking coal deposits, leading pig iron and steel manufacturers to lean heavily on import



The iron ore and steel industry has urged the government to abolish import duty and GST compensation cess on cok... Continue reading

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news
Source: Argus Media, June 17, 2019

Nippon Steel settles 2Q semi-soft coking...

Japan's Nippon Steel has agreed to a second-quarter semi-soft coking coal price of $129/t fob Australia with a New South Wales producer, down from their first-quarter settlement price of $132/t fob



This price came as a surprise to ma... Continue reading

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news
Source: Platts, June 17, 2019

Vietnam’s May coal imports rise 57% on y...

Vietnam imported 3.86 million mt of coal in May, comprising mainly thermal coal and coking coal, surging 57.1% from the same month in 2018, according to preliminary data released by Vietnam Customs.



The import value in the month was $380... Continue reading

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news
Source: REUTERS, June 17, 2019

China’s iron ore sizzles in record-setti...

Dalian iron ore futures surged to a record peak on Friday and posted their biggest weekly gain since February, buoyed by expectations of sustained tightness in supply and brisk demand amid China’s renewed drive to support its slowing economy... Continue reading

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news
Source: Moneycontrol, June 17, 2019

India's coal import rises 15% to 24 MT i...

India's coal import increased by 14.5 percent to 24.01 million tonnes (MT) in May this year.



The country's coal import was at 20.96 MT in May 2018, according to a mjunction services report, which is based on monitoring of vessels... Continue reading

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news
Source: Business - Standard, June 17, 2019

Steel, iron makers seek removal of duty...

Ahead of the Budget, domestic iron and steel players have sought abolition of 2.5 per cent basic customs duty on import of coking coal - a key raw material used in steel making.



Removal of duty on coking coal is a long standing demand of... Continue reading

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