Metal and Mining Industry News, Research, Ideas

Demand for Steel Set to Stay Robust in Near-term

The steel industry’s production and consumption grew by 18.1% and 11.4%, respectively, on a year-on-year (y-o-y) basis in FY22.

Jun 21 2022 | -

Coal Update

India’s coal production for FY22 reached a new milestone of 777 Metric Tonne (MT).

Apr 29 2022 |

CareEdge Research Update on Coal

In February 2022, coal production rose to 79.5 million tonnes (MT), highest for the month in the last 3 years. The total coal production for Feb-22 has witnessed an increase of 6.6 per cent over the same period in 2021 and 2 per cent over the period in 2020.

Mar 31 2022 |

Update on Steel Industry

Steel producers to benefit from rising steel prices amidst geopolitical tensions..

Mar 11 2022 |

Update on Coal – ‘Domestic Production to exceed 750 MT for FY22’.

Domestic coal production is expected to grow by around 5 per cent and exceed 750 MT for FY22 compared to 716MT for FY21.

Feb 17 2022 |

Coal Update

Domestic production continues to ramp-up, albeit shortage lingers

Jan 11 2022 | -

Prolonged steel cycle- Healthy EBIDTA of above Rs20,000/t in FY22 to support deleveraging

Global steel industry has demonstrated strong momentum during calendar year 2021 continuing a very strong upcycle which started from mid of calendar year 2020 as reflected by recovery in consumption and a very sharp uptick in prices.

Dec 29 2021 |

While coal supply improves in October 2021, shortage lingers

While domestic demand for coal from power sector picked up from August 2021 onwards as the business and economic activities have revived as the country unlocks from the second wave of Covid-19 pandemic inflicted lock-downs, supply from coal mines have been interrupted due to extended monsoons.

Nov 11 2021 |

Steel demand remains feeble in September 2021

The overall production of crude steel and finished steel during September 2021 was higher but consumption of finished steel was lower than that registered in September 2020 as well as that registered in September 2019.

Oct 28 2021 |

Coal demand continues to far outstrip the domestic production in September 2021

The overall coal production during September 2021 has significantly increased to 51.7 million tonnes (MT)as compared with 38.9 MT in September 2020 and 39.5 MT in September 2019,registering a growth of 33% year-on-year (y-o-y) and 31% when compared with September2019 production.

Oct 08 2021 |

Steel consumption dips in August 2021 with prices continuing on the upward trajectory

Sep 24 2021 |

Coal Update - July 2021

Coal production is expected to grow by 2-3% at 730-745 mt in FY22 compared with 716 mt in FY21...

Aug 23 2021 |

Update on Steel Industry - July 2021

In FY22, domestic crude steel production is expected to reach 112-114 million tonnes, which would be a growth of 9-11% y-o-y….

Aug 13 2021 |

Sharp increase in coking coal prices to reduce steel spreads by Rs 4000 per tonne

Majority of the global commodities have been rallying since the abatement of the first wave of covid-19 pandemic from Q2FY21 amid unprecedented liquidity in the global markets and monetary and fiscal stimulus from various central banks and governments…

Aug 12 2021 |

PLI Scheme Steel Sector

On 22nd July 2021, Union Cabinet, chaired by the Prime Minister, approved the Production Linked Incentive (PLI) Scheme for ‘Specialty Steel’ for a period of 5-year with financial outlay of Rs 6,322 Crore...

Jul 23 2021 |

Metal pipes industry shows its mettle in pandemic - Demand pipeline strong

Metal pipes is one of the key sectors in the infra development of our country. The overall industry size has grown at double-digit over the last 4 years and is currently estimated to be around Rs.60,000 crore...

Jul 13 2021 |

Steel Industry - Credit Impact

Steel - Spreads to remain healthy, despite probable price correction...

Jul 06 2021 |

Update on Steel - May 2021

India’s crude and finished steel production and consumption during May 2021 was significantly higher than the corresponding month of last year due to low base effect, but was lower than those during earlier years...

Jun 17 2021 |

Update on Coal - April 2021

India’s coal production reported a marginal fall in the second half of FY21 as against a sharp fall in production in the first half…

Jun 11 2021 |

Update on Gold Prices - May 2021

Gold has come back into favour and we have seen the price reach $ 1850 mark last month. This report analyses how interest rates, currencies and crypto currency all helped to make this happen...

Jun 02 2021 |

Update on Steel - April 2021

India’s steel production and consumption saw exponential growth of 141.7% and 516.4, respectively in April 2021 compared with April 2020…

May 21 2021 |

Update on Prices of Non-ferrous Metals

The report explains the bull run in metal prices driven by a combination of higher demand and supply constraints...

May 13 2021 |

Review of Gold Prices and Demand

International gold prices inched up to a monthly average of USD 1,761 per troy ounce in April 2021 after softening to USD 1,808 a troy ounce in February 2021 and then to USD 1,718 per troy ounce, the weakest since June 2020, in March 2021...

May 07 2021 |

Update on Steel Industry FY21 and Outlook FY22

In FY22, crude steel production is expected to reach 112-114 million tonnes, which would be a growth of 8-9% yoy. The crude steel production is expected to be marginally higher than FY19 when India produced nearly 111 million tonnes of crude steel...

Apr 22 2021 |

Gold Prices and Demand in FY21

International gold prices (daily average) surged 24.7% YoY in FY21, higher than the 16% YoY growth in FY20. The primary reason for this surge during FY21 was the sudden outbreak of Covid-19 across the globe...

Apr 06 2021 |

Update on Zinc Industry - 10MFY21

World zinc concentrate production fell by a sharp 5.9% in Calendar Year (CY) 2020 as Covid-19 pandemic restricted mining operations in several countries...

Apr 01 2021 |

Impact of Rise in Steel Prices

After a slight dip in February 2021 domestic steel prices recovered in March 2021 and are expected to remain elevated over the coming months on the back of higher international steel and iron ore prices...

Mar 30 2021 |

Update on Coal Industry 11M FY21

Domestic coal production in February 2021 fell by 6.1% from a year earlier to 67.5 mt, logging second straight month of yoy fall. The fall in output in February 2021 was mainly due to high base effect (12% yoy growth in February 2020) as well as high level of coal Inventories with both coal producers and power plants...

Mar 25 2021 |

Update on Steel Industry - February 2021

Domestic crude steel production is likely to be about 102 million tonnes and de-growth estimated to be around 7% yoy...

Mar 11 2021 |

Update on Gold for February 2021

The rise in interest rates and low liquidity created pressures on the international gold prices during February 2021...

Mar 02 2021 |

Update on Steel Industry - February 2021

Domestic consumption of finished steel has outpaced production for third straight month ended January 2021, giving way to imports...

Feb 24 2021 |

Update on Copper Industry for 9M FY21

Refined copper production fell by a sharp 24.4% to 231.7 thousand tonnes during Apr-Dec FY21 compared with Apr- Dec FY20. Overall domestic refined copper production fell sharply by 39.5% y-o-y in Q1FY21 impacted by the lockdown which brought business activities to a sudden halt...

Feb 18 2021 |

Update on Aluminium Industry - February 2021

Primary aluminum production was not impacted much compared to other metals and fell by just 2.9% during Apr-Dec FY21 as compared to Apr-Dec FY20...

Feb 09 2021 |

Update on Gold for January 2021

Gold was among the best performing assets in CY2020 soaring 27.3% in CY2020. Its volatility during the year was also higher at 12.5% (annualised volatility), the highest in past 7 years...

Feb 03 2021 |

Steel Update - December 2020

India's finished steel consumption grew by 5.7% in December 2020 when compared with December 2019. This was the third consecutive month when steel consumption grew on a y-o-y basis...

Jan 21 2021 |