Indian Pellets – The Commodity of Choice for Export in 2016
Pellet exports from India has witnessed a gradual uptick since April 2016. High export realization, increased spot pellet premium, favorable global market conditions, rising global prices, sluggish domestic demand and increased pellet demand from China have encouraged Indian pellet exports. Until the month of November in 2016, India exported 4.78 mnt pellets, double compared to […]
Indian Mining Industry – Achievements & Challenges
The Ministry of Mines, Government of India in the current fiscal has come up with many new reforms for the betterment of the mining sector in the country. Let’s have a look at some of these prominent reforms which will surely lessen the bottlenecks associated with this sector. 1. Star Rating of Mining Leases to […]
Demand Uncertainty Weighing on Coal Production
In a stark mismatch, demand for coal in India is not in sync with the total production. While production is going northwards, demand is traversing southwards – making the ambitious coal production target of the government questionable. Although, GoI claims that there is enough demand for coal in the country, but the off-take scenario indicates […]
Is Chinese Steel Price on the Rise?
China’s growth in steel output does not go with the country’s stated intention to lower unviable and polluting steel capacity. That was partly to overcome the global concern over its surplus steel output flooding global markets. The overall numbers do not indicate any slowdown in its output. China remains the main reason why iron ore […]