INDUSTRY UPDATES - 13/04/17

INDUSTRY UPDATES - 13/04/17

• 1. India's February factory output falls 1.2% on slack consumer demand 

• NINL despatches highest pig iron in March

• RINL, Visakhapatnam Steel record 11 pct growth in hot metal production in FY17 

• JSW Steel raises USD 500 mln through unsecured notes

• Hoffman Industries completes zinc-plating plant at welded tube facility

• EU ends reinvestigation of AD duties on stainless CR flat steel from Taiwan 

• Duferco buys last plant belonging to Italian steel group Stefana

• USDOC to determine final CVD investigation  on Turkish welded carbon steel tubes

• US sheet steel buyers avoid building inventory amid fears of price erosion

• USDOC to raise AD duty on South Korean steel pipe imports

• Bangladesh's Abul Khair Steel commissions galv lines

• Italian steelmaker Aferpi to resume production of rails

         __________________

• *IRON ORE*
•  Vedanta-Cairn merger brings little cheer to shareholders
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• KIOCL bounces back, meets ministry target
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• Vale reports increased iron ore reserves at SEC filing
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• Fortescue ships less iron ore in third-quarter, costs up
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• Iran to need 159 million mt of iron ore by 2025: IROPEX
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• Brazil's S11D exports 2.49Mt of iron ore in Q1
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• China iron ore, steel futures tumble as steel sector falters
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• Iron ore free falls to $US68.04 a tonne as buyers disappear
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• ___________________
• *COAL & POWER*
•  HPPCL messed up in availing excise duty exemption: Comptroller and Auditor General
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• Solar power tariff falls to record low of Rs3.15 a unit
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• Reliance to Start Coal-Bed Gas Sales in May as Prices Freed
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• Power deficit drops to less than 1% in FY17
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• Opening up of coal sector may run into pricing hurdle
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• Essar Power generated 49% more power in the fiscal, the company also added 165 MW capacity to its portfolio by commissioning one unit each at its Paradip and Hazira plants. 
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• Reliance starts CBM gas production from two blocks in Madhya Pradesh
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• S.Korea coal, nuclear power targeted for cuts by presidential candidates
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• India's Tata Power to seek coal from countries other than Indonesia after court order
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• Whitehaven says Cyclone Debbie outages to hit coking coal prices for months
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• Yancoal says Australia government clears Rio coal sale
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• Groysman supports introduction of temporary moratorium on bankruptcy of coal mines
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• Mechel to supply China’s Baosteel Resources with nearly 1 mln tonnes of coking coal
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• Singaporean company to construct Mongolian coal aerification plant
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• __________________
• *CEMENT*
•  AP builders, contractors protest against steep hike in cement prices
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• ABNL, Grasim amalgamation gets shareholders' nod. Process to be completed in 2-3 months 
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• YEIDA asks Jaypee to pay Rs 90 crore by April 15
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• Constructions ground to a halt in Vizag due high cement prices and availability.
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• Wonder Cement distributes computer set to Govt. school as part of their CSR activities
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• Irish Cement defends €10m plan for waste fuel in Limerick
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• FLSmidth signs cement grinding plant contract in Rwanda
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• __________________
• *PAINTs*
• Thiele Kaolin Co. Acquires Short Mountain Silica
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• Toyo Ink Concludes Licensing Agreement with Doneck for Water-based Lamination Inks
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• Researchers Develop Highly Durable Self-healing, Water-repellent Coating
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• Hubergroup Purchases Ink Manufacturer Alden & Ott
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• BASF and Landa Labs Partner to Create Nano Pigments for Automotive Coatings
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• Kansai Paint Completes Acquisition of Helios Group
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• Powder Coatings Market worth 13.49 Billion USD by 2022