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Total inks India LNG supply deal

Total inks India LNG supply deal
May 20, 2021 9:10:am
Summary
Total will supply up to 500,000 metric tons/year of LNG until 2026 to India-based ArcelorMittal Nippon Steel.
by: Shardul Sharma
Posted in:
Total inks India LNG supply deal
Total has signed an LNG supply deal with India-based ArcelorMittal Nippon Steel (AMNS), the French company said on May 20.
Total will supply up to 500,000 metric tons/year of LNG until 2026. The fuel will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG terminal on the west coast of India, Total said. AMNS will use the LNG to run its steel and power plants located in Hazira, Gujarat state. ....

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Creeping threat - The Hindu BusinessLine

Creeping threat
The surge in global commodity prices poses a challenge in managing inflation
At a time when the demand contraction caused by the second wave of the Covid-19 pandemic is beginning to threaten growth, the surge in global commodity prices is likely to pose fresh challenges. As global growth began rebounding this year, demand for all commodities agri, metals and energy has also been rising. The Commodity Research Bureau’s all commodity index has gained 22 per cent since the beginning of 2021 and 47 per cent over the past 12 months. Lower inventory carried forward this calendar year due to production cuts in 2020 coupled with rising demand from China has made prices of metals such as iron ore, copper and aluminium rally around 15 per cent over the last three months. Agri commodities have also witnessed spike in prices due to adverse weather as well as higher demand from livestock owners. Global crude oil prices may have steadied in recent times due to the ....

While The Reserve Bank , Commodity Research Bureau , Reserve Bank , போது தி இருப்பு வங்கி , பண்டம் ஆராய்ச்சி பணியகம் , இருப்பு வங்கி ,

Safeguard infra projects from cost overruns - The Hindu BusinessLine

Safeguard infra projects from cost overruns
×
Spikes in steel and cement prices can derail projects. Policies that promote the use of alternative inputs will help lower costs
National infrastructure plans reflect the country’s growth priorities, improve the quality of life, and aids the process of economic growth. In a globalised world, sustained infrastructural development has become synonymous with pragmatic planning. The Indian economic model is also predicated on provisioning robust and inclusive infrastructure development.
Several steps have been taken in this direction in terms of realignment of policies, greater budgetary allocations, roll out of special funds, and identification of priority areas. With the announcement of new initiatives like National Infrastructure Pipeline and India’s own Development Finance Institution, infrastructure development is being pursued with renewed commitment. ....

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China hot rolled coils, rebar fall on easing worries over supply curbs

By Reuters Staff
2 Min Read
BEIJING, May 19 (Reuters) - Chinese hot rolled coils and rebar futures fell more than 4% on Wednesday as concerns over steel output cuts eased and construction activities are expected to slow in the coming rainy season.
The most-traded hot rolled coils on the Shanghai Futures Exchange, used in the manufacturing sector, dropped 4.7% to 5,706 yuan ($887.73) a tonne by 0330 GMT, the lowest since April 30.
Construction-used steel rebar, for October delivery, declined 4.4% to 5,376 yuan a tonne.
“While there is no further policy on curtailing (steel) production, trading has shifted from expectations to reality,” GF Futures wrote in a note. ....

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Steel price ripple effect felt across domestic businesses

Steel price ripple effect felt across domestic businesses
08:00 | 19/05/2021
Global steel prices continue to be in sharp focus, with recent record-breaking highs pushing contractors to the wall as well as raising questions on whether steelmakers have been colluding to hike rates, which have shot up drastically since last year.
Analysts say the record highs of steel prices should fall somewhat moving into the second half of the year
Last Thursday the benchmark iron ore price plunged as much as 9.5 per cent in China as market participants paused after a huge rally that had sent prices to new highs in the days preceding it. ....

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