i-Trade
Commodity News
- Iron ore joins base metals price rally
- Supreme Court stays C-category iron ores mine auction in Karnataka
- Iron ore mining: State govt. order upheld
- At last, India gets genuinely serious about companies flouting mining and environment laws
- China implements new UN sanctions; to halt import of coal, iron ore and seafood from North Korea
- Supreme Court order spurs mining dues math
- Centre to decide on coal expansion project at MPT
- Union Coal Secretary Susheel Kumar? lays out plan to boost MCL output
- MMTC among two state firms inflating coal imports: DRI
- EPA to scrap Obama-era rule limiting water pollution from coal-fired power plants
- Climate funds-financed Chinese plant to release 1.9 mn tonne CO2
- Indian steel makers’ earnings to be steady: Moody’s
- US still expected to impose steel tariffs
- Scunthorpe’s British Steel goes global after stretching network from USA to Taiwan
- Product differentiation key to meet competition: SAIL Chairman
- Steel demand increasing in India, right situation to make future investment: T V Narendran
KATM® Commodity Prices
Week 37-Indicative Only
- Iron Ore Pellets:90 US$/MT
(64% Fe)
FOB ECI
- HMS Scrap:297 US$/MT
(80:20)
CFR WCI
- PHCC:203 US$/MT
(Low VM)
CFR ECI
- Thermal Coal:94 US$/MT(RB1 6000 NAR)
CFR ECI
- Thermal Coal:84 US$/MT(RB2 5500 NAR)
CFR ECI
- Thermal Coal:68 US$/MT
(RB3 4800 NAR)
CFR ECI
- Limestone:19 US$/MT
(40-80mm)
CFR ECI
Government Notifications
18 May 2017– GST RATE SCHEDULE FOR GOODS
16 May 2017 GOVERNMENT OF INDIA | MINISTRY OF FINANCE anti-dumping duty – CORRIGENDUM
11 May 2017 GOVERNMENT OF INDIA | MINISTRY OF FINANCE anti-dumping duty -Notification No. 17/2017-Customs
10 Apr 2017 – GOVERNMENT OF INDIA | MINISTRY OF COMMERCE & INDUSTRY Anti-dumping investigation concerning imports of “Cold-Rolled flat products of alloy or non-alloy steel”
10 Apr 2017 – GOVERNMENT OF INDIA | MINISTRY OF COMMERCE & INDUSTRY Anti-dumping investigation concerning imports of “Hot-Rolled flat products of alloy or non-alloy steel”
3 Dec 2017 – MIP extended on 19 HS tariff lines till 4 Feb 2017
11.2016 Press Note – Cashless environment in Steel Sector – by Ministry of Steel
Industry Press Releases
30.08.2017 http://www.smm.co.jp/E/news/release/uploaded_files/20170830_E.pdf
25.08.2017 http://www.nssmc.com/en/news/20170825_100.html
21.08.2017 http://www.smm.co.jp/E/news/release/uploaded_files/170821_E.pdf
18.08.2017 https://sail.co.in/sail-press-release/product-differentiation-key-strategy-meet-competition-1 17.08.2017 http://www.reliancepower.co.in/pdf/1100/Media_Release_National_Safety_Awards.pdf
16.08.2017 https://sail.co.in/sail-press-release/sail-charts-turnaround-strategy
11.08.2017 http://www.tatasteel.com/media/4731/pressrelease11082017.pdf
09.08.2017 https://www.nmdc.co.in/Press%20and%20Media/PressReleaseDetails.aspx
08.08.201http://www.jindalsteelpower.com/img/newsroom/images/JSPL_Press_Release_1QFY18_Financial_Results.pdf
08.08.2017 http://www.smm.co.jp/E/news/release/uploaded_files/170808-2e.pdf
08.08.2017 http://www.smm.co.jp/E/news/release/uploaded_files/20170808_E.pdf
07.08.2017 http://www.nssmc.com/en/news/20170807_100.html
07.08.2017 http://www.nssmc.com/en/news/20170807_200.html
07.08.2017 http://www.tatasteel.com/media/4432/tata-steel-limited_q1fy18_press-release_final-1.pdf
04.08.2017 http://www.nssmc.com/en/news/20170804_100.html
01.08.2017 https://sail.co.in/sail-press-release/shri-j-kurian-ifos-takes-charge-cvo-sail
01.08.2017 https://www.marutisuzuki.com/press-release-1-aug-2017.aspx
01.08.2017 http://www.libertyhousegroup.com/news/liberty-targets-key-role-in-global-oil-and-gas-pipe-market/
03.07.2017 Tata Power completes construction of 187MW hydro project in Georgia
03.07.2017 ArcelorMittal holds Investor Event
04.07.2017 Liberty House Group invests in Lochaber Community
06.07.2017 RINL New Steel Yard Inaugurated
06.07.2017 Sri VV Venu Gopal Rao, New Director (Finance) Assumes Charge At RINL
07.07.2017 RINL Organizes ABC Meet To Enhance Steel Usage
10.07.2017 Tata Steel commissions its first 3MW solar power plant at Noamundi
12.07.2017 Tata Power’s Club Enerji helps save 82,116 units of energy in Pune
12.07.2017 Tata Technologies opens new European Innovation and Development Centre
13.07.2017 Tata Power’s Club Enerji saved more than 31,498 units of energy in Bengaluru in FY17
13.07.2017 Tata Consultancy Services reports consolidated financial results for quarter ended June 30, 2017
14.07.2017 Tata Steel signs long-term tariff contract with Indian Railways
14.07.2017 RINL Inks MoU With CCI For Setting Up Cement Plant
17.07.2017 Tata Power Solar is number one EPC rooftop player fourth year in a row
18.07.2017 Rio Tinto releases second quarter production results
19.07.2017 Fair weather ahead for Scotland’s come-back steel plants
20.07.2017 Anglo American – Q2 2017 PRODUCTION REPORT
20.07.2017 Vale’s Production in 2Q17
24.07.2017 Memorandum of Understanding between the Government of Serbia and Rio Tinto on Jadar Project
25.07.2017 ANGLO AMERICAN PLC NOTIFICATION: KUMBA IRON ORE LIMITED INTERIM RESULTS 2017
25.07.2017 The 2Q Consolidated Operating Profit of POSCO Amounts to KRW 979.1 Billion··· Up 44.3% YoY
25.07.2017 Tata Power Solar spearheads energy generation expansion for India’s largest car port plant
26.07.2017 Leading technology specialist joins Liberty’s global drive for sustainable steel
26.07.2017 Tata Metaliks reported financial results for quarter ended June 30, 2017
27.07.2017 Vale updates on potential resumption of Samarco’s operation
27.07.2017 Vale’s Performance in 2Q17
28.07.2017 NSSMC FY2017 Q1 Earnings Announcement
31.07.2017 Tata Consultancy Services honoured at Manufacturing Leadership 100 Awards
31.07.2017 ArcelorMittal announces publication of its 2017 half-year report
05.06.2017 Jharkhand State Pollution Control Board awards Tata Steel on World Environment Day 2017
06.06.2017 Rio Tinto and Minmetals agree to look at exploration collaboration
08.06.2017 Rio Tinto signs training partnership MoU with China’s SASAC
09.06.2017 Relining of Coke Oven of Hokkai Iron & Coke Corporation
09.06.2017 Vale signs a US$ 2 billion revolving credit facility
13.06.2017 POSCO donates 104 steel houses to low-income families in Vietnam
16.06.2017 ArcelorMittal led consortium reaches agreement regarding Ilva lease and purchase agreement
19.06.2017 JSPL secures 0.511 MTPA coal linkage for captive power plant
21.06.2017 Liberty aims for higher altitude in global aerospace market following £100m acquisition
22.06.2017 Automation & Information Technology Play A Vital Role In Steel Making
22.06.2017 Tata Steel’s Noamundi iron mine awarded Most Innovative Environmental Project Award
22.06.2017 Airports Authority of India selects Tata Elxsi as a specialist design consultancy
23.06.2017 Rio Tinto successfully completes $2.5 billion gross debt reduction
23.06.2017 Coal & Allied Industries Limited
26.06.2017 Rio Tinto board changes
26.06.2017 Jaguar introduces advanced and efficient new 300PS petrol engine for XE, XF and F-Pace models
27.06.2017 Executive Management of Nippon Steel & Sumitomo Metal Corporation on June 27, 2017
27.06.2017 TCS BaNCS to power TMX group with a new consolidated technology platform
27.06.2017 RINL Organizes All India Rural Dealers” Meet In Ukkunagaram
28.06.2017 NSSMC and Standard Steel Receive TTX “Excellent Supplier 2016” Award
28.06.2017 POSCO Honored as World’s Most Competitive Steel Company for Eight Years Running
30.06.2017 Liberty House Group targets global aluminium growth
30.06.2017 Tata International’s Solar Projects team delivers largest projects to date
04.05.2017 ANGLO AMERICAN AGREES SALE OF DRAYTON COAL MINE IN AUSTRALIA
12.05.2017 ArcelorMittal reports results for the first quarter 2017
22.05.2017 RINL Achieves Yet Another Milestone In Modernization Programme
23.05.2017 JSPL achieves several firsts & new highs in Q4
28.05.2017 JSPL completes 6 MTPA Integrated Steel Plant at Angul, at an investment of Rs.33,000 crore
30.05.2017 ANGLO AMERICAN COMPLETES SALE OF DARTBROOK COAL MINE IN AUSTRALIA
30.05.2017 RINL CMD Stressed The Need To Reduce Cost Of Production
01.04.2017 SAIL records best ever annual sales in FY17, growth of 8% over CPLY
06.04.2017 SAIL Chairman sets the ball rolling for higher sales in FY18
11.04.2017 Top metals executives to lead Liberty Speciality Steels
20.04.2017 Former UK industry minister set to join GREENSTEEL Council
20.04.2017 Rio Tinto releases first quarter production results
21.04.2017 Liberty agrees in principle with ArcelorMittal to buy Georgetown steelworks
21.04.2017 Russia Always Values Its Relations With India
23.04.2017 Union Steel Minister Inaugurates Symposium On Digital Economy For New India
24.04.2017 Anglo American – Q1 2017 PRODUCTION REPORT
03.07.2017 Tata Power completes construction of 187MW hydro project in Georgia
03.07.2017 ArcelorMittal holds Investor Event
04.07.2017 Liberty House Group invests in Lochaber Community
06.07.2017 RINL New Steel Yard Inaugurated
06.07.2017 Sri VV Venu Gopal Rao, New Director (Finance) Assumes Charge At RINL
07.07.2017 RINL Organizes ABC Meet To Enhance Steel Usage
10.07.2017 Tata Steel commissions its first 3MW solar power plant at Noamundi
12.07.2017 Tata Power’s Club Enerji helps save 82,116 units of energy in Pune
12.07.2017 Tata Technologies opens new European Innovation and Development Centre
13.07.2017 Tata Power’s Club Enerji saved more than 31,498 units of energy in Bengaluru in FY17
13.07.2017 Tata Consultancy Services reports consolidated financial results for quarter ended June 30, 2017
14.07.2017 Tata Steel signs long-term tariff contract with Indian Railways
14.07.2017 RINL Inks MoU With CCI For Setting Up Cement Plant
17.07.2017 Tata Power Solar is number one EPC rooftop player fourth year in a row
18.07.2017 Rio Tinto releases second quarter production results
19.07.2017 Fair weather ahead for Scotland’s come-back steel plants
20.07.2017 Anglo American – Q2 2017 PRODUCTION REPORT
20.07.2017 Vale’s Production in 2Q17
24.07.2017 Memorandum of Understanding between the Government of Serbia and Rio Tinto on Jadar Project
25.07.2017 ANGLO AMERICAN PLC NOTIFICATION: KUMBA IRON ORE LIMITED INTERIM RESULTS 2017
25.07.2017 The 2Q Consolidated Operating Profit of POSCO Amounts to KRW 979.1 Billion··· Up 44.3% YoY
25.07.2017 Tata Power Solar spearheads energy generation expansion for India’s largest car port plant
26.07.2017 Leading technology specialist joins Liberty’s global drive for sustainable steel
26.07.2017 Tata Metaliks reported financial results for quarter ended June 30, 2017
27.07.2017 Vale updates on potential resumption of Samarco’s operation
27.07.2017 Vale’s Performance in 2Q17
28.07.2017 NSSMC FY2017 Q1 Earnings Announcement
31.07.2017 Tata Consultancy Services honoured at Manufacturing Leadership 100 Awards
31.07.2017 ArcelorMittal announces publication of its 2017 half-year report
03.05.2016 JSPL agrees to divest the 1000 MW 4(250x MW) unit of Jindal Power Limited, Located in Chhattisgarh in favour of JSW Energy Limited
22.08.2016 JSPL secures Long-term Coal Linkage for 540+134 MW Captive Power Plant at Raigarh, Chhattisgarh
29.09.2016 Vale informs on the evolution of the Coal deal
22.09.2016 Indian Institute of Metals organises Workshop on Iron ore pelletizing
21.09.2016 Adani unveils the world’s largest solar power plant in Tamil Nadu and dedicates it to the nation
21.09.2016 SAIL poised to take the big leap with its cutting edge technology
20.09.2016 APSEZ enhances its operational foothold– Signs agreement to acquire a company conducting ports operations – Abbot Point Bulkcoal Pty Ltd (APB), Queensland, Australia
08.09.2016 Q1 FY17 results: SAIL registers highest ever Q1 saleable steel production with 11% growth
06.09.2016 JSPL sets up India’s First Plant to manufacture Head Hardened Rails
27.10.2016 Tata Steel announces equity partnership for its Canadian Iron Ore Mines, significant milestone in Kalinganagar India and continued pursuit of it European strategy
27.10.2016 JSW Steel reports highest ever quarterly crude steel production & saleable steel sales
27.10.2016 Vale’s performance in 3Q16
27.10.2016 Cliffs Natural Resources Inc. Reports Third-Quarter 2016 Results
25 Oct 2017 Strategic Alliance between NMDC and MIDHANI
24.10.2016 Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman
24.10.2016 Tata Metaliks reports Consolidated Financial Results for the quarter and half year ended September 30, 2016
20.10.2016 Vale’s Production in 3Q16
20.10.2016 Glencore reaches agreement to sell GRail coal haulage business
18.10.2016 Tata Steel conferred with `Sustainable Manufacturing’ Award at Make in India Awards 2016
06.10.2016 Tata Steel’s Q2 FY 17 Key Production and Sales figure
04.10.2016 Tata Steel’s Sukinda Chromite Mine Bags Bala Gulshan Tandon Excellence Award from FIMI for Overall Performance for the year 2015-16
30.11.2016 Chief Minister of Odisha inaugurates Tata Steel’s Ferro-chrome plant in Gopalpur
28.11.2016 Letter of Intent signed for potential sale of Tata Steel UK’s Speciality Steels business
09.11.2016 SAIL Signs MOU with POSCO
02.11.2016 SAIL posts 20% sales growth during Apr-Oct’16 period
26.12.2016 NMDC wins Governance Now PSU Award 2016 for strategic performance
09.12.2016 Publication of Design Guideline for Steel Sheet Piles and Textbook for Steel Structures
08.12.2016 SAIL records highest Q2 sales volume,32% growth over CPLY
08.12.2016 JSPL FINANCIAL RESULTS FOR SECOND QUARTER & FIRST HALF FY 2016-17
25.01.2017 Steel Minister inaugurates state-of-the-art Universal Rail Mill at SAIL Bhilai, flags off first
25.01.2017 TATA STEEL EXECUTES DEFINITIVE AGREEMENTS TO ACQUIRE MAJORITY STAKE IN A PORT COMPANY
16.01.2017 Tata Steel`s Noamundi Iron Mine conducts pilot launch of Drone Application in Mine Monitoring
09.01.2017 Tata Steel’s Q3 FY17 Key Production and Sales Figure
06.01.2017 Tata Steel inaugurates Cold Rolling Mill Complex BARA Phase II
04.01.2017 SAIL posts 16% growth in sales during April-December 2016
01.01.2017 Maruti Suzuki Sales December 2016
26.12.2016 NMDC wins Governance Now PSU Award 2016 for strategic performance
09.12.2016 Publication of Design Guideline for Steel Sheet Piles and Textbook for Steel Structures
08.12.2016 SAIL records highest Q2 sales volume,32% growth over CPLY
08.12.2016 JSPL FINANCIAL RESULTS FOR SECOND QUARTER & FIRST HALF FY 2016-17
28.02.2017 Tata Steel’s First Greenfield Ferro-Chrome Plant in India at Gopalpur Starts Production
27.02.2017 Tata Steel’s Noamundi Iron Mine bags Overall Performance Award in the MEMC Week 2016-17, Kolkata
27.02.2017 NSSMC Named a Top 100 Global Innovator in 2016 for Fifth Consecutive Year
20.02.2017 Sales of Maruti Suzuki Smart Hybrid Vehicles surpass one lakh units
17.02.2017 Three mines of NMDC have received 5 Star Rating
16.02.2017 Dr. Narendra K. Nanda, Director (Technical), NMDC felicitated for outstanding contribution to Mining Industry
15.02.2017 SAIL supplies steel for ISRO’s 104 satellites
14.02.2017 JSPL: On Way To Turnaround – Big Strides Ahead; Rise in Volumes & Profits 10.02.2017 Welspun Corp Ltd. announced Q3 FY17 results
09.02.2017 Improving Performance of Auto Industry in January 2017 Passenger Vehicles Segments Rebound
07.02.2017 Tata Steel Announces Changes to the Board of Directors
07.02.2017 Tata Steel reports Consolidated Financial Results for the Quarter and Nine Months ended December 31, 2016 06.02.2017 Indian Steel Production
06.02.2017 Performance of Steel Sector
06.02.2017 Indian Steel Consumption
06.02.2017 Enhancing Efficiency of Steel Plants
03.02.2017 Tata Steel starts export of ‘Tata Ferroshots’ to Europe
01.02.2017 SAIL Q3 FY17 gross turnover grows by more than 25% over CPLY
13.03.2017 Nisshin Steel Co., Ltd. has become a member of the NSSMC Group
10.03.2017 Sales Growth of Auto Industry Stable in February 2017
10.03.2017 Kia Motors posts global sales of 206,438 vehicles in February
08.03.2017 Commencement of Discussions on the Acquisition of Ring Techs by Topy Industries
01.03.2017 Maruti Suzuki sales February 2017
Upcoming Events
18 May 2017– GST RATE SCHEDULE FOR GOODS
16 May 2017 GOVERNMENT OF INDIA | MINISTRY OF FINANCE anti-dumping duty – CORRIGENDUM
11 May 2017 GOVERNMENT OF INDIA | MINISTRY OF FINANCE anti-dumping duty -Notification No. 17/2017-Customs
10 Apr 2017 – GOVERNMENT OF INDIA | MINISTRY OF COMMERCE & INDUSTRY Anti-dumping investigation concerning imports of “Cold-Rolled flat products of alloy or non-alloy steel”
10 Apr 2017 – GOVERNMENT OF INDIA | MINISTRY OF COMMERCE & INDUSTRY Anti-dumping investigation concerning imports of “Hot-Rolled flat products of alloy or non-alloy steel”
3 Dec 2017 – MIP extended on 19 HS tariff lines till 4 Feb 2017
11.2016 Press Note – Cashless environment in Steel Sector – by Ministry of Steel
Top Completed i-Auction™
| Commodity | Quantity | Auction Type |
|---|---|---|
| Sized Coal Proc. (20-70mm) | 30,000 MT | Standard – RA |
| Low Ash Met. Coke Proc. – Paradip | 30,000 MT | TCO/VIU (with Penalty) – RA |
| Steam Coal Proc. (RB 4800-6000NAR) – Paradip | 80,000 MT | TCO/VIU (with Penalty) – RA |
| Sized Coal Proc. (20-70mm) – CG | 50,000 MT | TCO/VIU – RA |
| Steam Coal RB3 Proc. – CG | 80,000 MT | TCO/VIU – RA |
| Steam Coal Proc. – CG | 30,000 MT | TCO/VIU – RA |
| Coal Beneficiation – from SECL mines | 37,000 MT | TCO/VIU (with Penalty) – RA |
| Coal Beneficiation – from SECL mines | 40,000 MT | TCO/VIU (with Penalty) – RA |
| Coal Transportation – from SECL mines | 20,000 MT | Standard – RA |
| Coal Transportation – Chattisgarh | 81,000 MT | Standard – RA |
| Coal Transportation – CG | 16,000 MT | Standard – RA |
| Coal Transportation – CG | 13,000 MT | Standard – RA |
| Anthracite Coal Sale- Paradip | 80,000 MT | Standard – FA |
VIEWS FROM INDUSTRY EXPERTS
Transparency is the need of the hour and Indian organizations are responding to it well, inline with our PM’s Vision. I appreciate team KATM’s effort to put this forward in such innovative way.
In today’s Internet world the easy solution to complex purchases is E-Auction/E-Sourcing for many products and commodities.
The technological changes are creating revolution in trade practices. The price trends and subject knowledge can only be obtained through Internet. Bringing buyers and sellers at one platform and creating a feeling of win-win situation is only possible by technology. Good Luck.
Government is taking a few enabling policy measures to relax constraining rules and procedures to improve the business scenario so that doing business in India is improved significantly and India proves itself the most attractive destination in the world.
It is expected that by the year 2030, the steel consumption in India will increase to around 150 kg/person/year, from existing level of 60, which amounts to around 200 million tons steel production. This proves India has a great potential to be the market leader on the Global platform.