Ferrosilicon Daily Express 10.8

• Tuesday, October 8, 2019
• Source:ferro-alloys.com

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[Ferro-Alloys.com] The global coal trade is projected to continue growing through 2050, largely driven by Asia, as industrial coal use increase and the power generation market in Asia grows, the Energy Information Administration said in its International Energy Outlook 2019 released.

 

Indian Steel Minister Dharmendra Pradhan last week said that in the next two-three years, India will be in a position to remain a net exporter of steel for years. The minister was speaking at an event 'Chintan Shivir', organised by the steel ministry.

 

Brazil’s slab quotas for the year were filled by end-July, Mr Maximo Vedoya, CEO of Luxembourg-based steelmaker Ternium, said at the time.

 

Mexico is one of the few countries able to ship steel to the US without tariffs or quotas, after being excluded from the 25% levy in May to pave the way for ratification of the US-Mexico-Canada trade deal.

 

Indian domestic steel demand and global market sentiment is likely to improve in the second half, but a weak first half is expected to lead to a 5-6 per cent contraction in realisations for steel makers this fiscal, ratings agency Crisil has said in its latest research report on the sector.

 

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