Fitch Increases Iron Ore & Coking Coal Price Assumptions
March 22, 2024
Fitch Ratings, a prominent international credit rating agency, has updated its financial price forecasts for iron ore and coking coal
Author: CoalNewswire
China’s Blast Furnace capacity use rebounds to 82.79%
March 22, 2024
The blast furnace (BF) capacity utilization rate ended a four-week drop and rebounded to 82.79% during March 15-21
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
March 22, 2024
Western governments are increasingly implementing policies to protect their local metal-producing industries from rivals
Australian Coking Coal Prices Continue Falling
March 21, 2024
Decline in Australian coking coal prices can be attributed Weak global steel demand
Newcastle Prices Drop to near 1-Month Low
March 21, 2024
Benchmark Pacific Basin coal prices have dropped 6% over the past week to a near one-month low as ample supply offsets strong generation
Australia Coal Miners Woo Private Capital as Banks Get Leery
March 21, 2024
Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks
China’s Imports of Russian Coal Slump as Import Taxes Bite
March 21, 2024
Chinese purchases of Russian coal slumped after Beijing reimposed import taxes that make Russian supplies less competitive.
Cape Breton Coal Mine Closed by Roof Falls Allowed to Resume Year-Round Operations
March 21, 2024
A Cape Breton coal mine that had been ordered to cease operations after two roof falls last summer
Twelve Workers Killed in Pakistan Coal Mine Explosion
March 21, 2024
At least 12 miners have been killed in a gas explosion at a coalpit in Pakistan’s southwestern province of Balochistan.
Global Coking Coal Prices Fall Significantly in March
March 21, 2024
According to S&P Global, Australian coking coal quotations (FOB Australia) fell by 11.7% over two weeks in March (March 1-14) to $270.9/t
Hallador Energy’s Sunrise Coal to Lay Off 112 Workers
March 21, 2024
Sunrise Coal informed the state it plans to lay off 112 workers at its Indiana operations.
Import price pains seen helping to stabilize China’s thermal coal mart
March 21, 2024
China’s domestic market for thermal coal may soon find a floor if buyers show renewed preference for domestic cargoes