India’s steel ministry evaluating demand for minimum import price for HRC steel

Major steelmakers in India are advocating to the government the need for the imposition of a minimum import price (MIP) on hot-rolled coil at $615 per tonne “upon factoring cost escalation due to raw material price,” similar to the earlier imposition in 2016, minutes of a recent meeting of India’s Ministry of Steel (MoS) revealed. […]

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Russia’s Gazprom topples ExxonMobil to become world’s top energy firm; India’s Reliance at third spot – Platts

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Russia’s Gazprom ended U.S. oil and gas giant ExxonMobil’s 12-year reign at the top of the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, while India’s Reliance Industries rose to the third spot. Platts said integrated oil and gas companies were not the biggest movers up, even as they continue to make a […]

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S&P Global Platts: Oil and Gas Outlook 2017

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The first OPEC-led global production cut in 15 years underpins an emerging but fragile recovery, with 2017 set to see a huge stock overhang disappear by the third quarter and the oil market move from over-supply to a more balanced supply/demand situation, according to Platts Analytics. With Saudi Arabia and Russia joining forces to cut output by almost 800,000 b/d in […]

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