Japan’s JFE takes new tack to tame volatile coking coal prices
December 29, 2023
JFE Steel plans to buy more coking coal from the spot market to boost activity and make prices more transparent for benchmark prices
Author: CoalNewswire
China’s BF capacity use touches 11-month low
December 29, 2023
The blast furnace (BF) capacity utilization rate among Chinese steel producers slid to hit an 11-month low of 82.75% during December 22-28
Poland’s JSW declared Force Majeure after Mine Fire
December 29, 2023
Polish coking coal producer JSW said that the fire that occurred in early December 2023 will lead to a reduction in production in 2024.
European Gas Falls 7% on Milder Outlook
December 29, 2023
European gas prices fell more than 7% on Thursday amid lower power prices and forecasts for milder weather than previously expected.
India’s thermal coal imports to rise over 10% despite record growth in domestic output
December 27, 2023
India’s growing coal consumption is due to a surge in electricity demand and even a rise in coal production is unable fill domestic demand
China’s coal imports from Indonesia, Australia rise in November
December 27, 2023
China’s coal imports last month from top supplier Indonesia rose 16% from October while those from Australia were up nearly 30%
Steel Prices Bullish as HRC Price Break $1,000
December 22, 2023
By mid-December, hot rolled coil prices broke above the $1,000 per short ton mark for the first time since June.
Steel Sands of Transformation: Saudi Arabia Prepares a $12 Billion Investment
December 21, 2023
The Kingdom has unveiled a bold plan to inject $12 billion into various steel projects, aiming to quench its burgeoning domestic demand
Steel Curtain Rises: EU Quotas Clamp Down on Russian Imports
December 21, 2023
In a move set to reverberate through the global steel landscape, the EU instituted a quota system on pig iron and slab imports from Russia.
Queensland Coal Exports Surge in November
December 21, 2023
Coal exports from Queensland, Australia, boomed in November 2023, rising 5.8% year-on-year to 17.3 million metric tons.
ArcelorMittal Completes Sale of Kazakh Operations Following Coking Coal Mine Blast
December 21, 2023
ArcelorMittal completed the sale of its steel making and mining operations in Kazakhstan after its renationalization due to an accident
MC Mining receives revised takeover offer for all outstanding shares
December 20, 2023
MC Mining reports that it has received a non-binding and indicative off-market takeover offer to acquire all its outstanding shares