Nippon Steel Says Global Push Justifies 142% US Deal Premium
December 19, 2023
Nippon Steel Corp. has defended the whopping 142% premium it’s paying for United States Steel Corp., as they expand to counter weak domestic
Author: CoalNewswire
Houthis threaten new Red Sea task force
December 19, 2023
Yemen’s Houthi rebels have warned the US and all other member countries of a newly formed maritime security force in the Red Sea
Asia’s thermal coal trade to drop in 2024
December 19, 2023
Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, due to China’s stockpiling of coal, while Vietnam doubled imports
UK to launch carbon border adjustment mechanism from 2027
December 19, 2023
The UK will implement its own carbon border adjustment mechanism by 2027 to put a carbon charge on imports
What to expect from Indian Steel Market in 2024
December 19, 2023
The Indian steel market, in 2023, was marked by strong domestic demand while exports remained subdued and Imports were a major worry
Russia to sharply increase rail tariffs for coal miners
December 19, 2023
Russian Railways (RZD) suggests to significantly revise the principles of tariffication of coal transportation
83 GW of planned retirements create blackout risks for most of US
December 18, 2023
NERC’s 10-year reliability assessment warns environmental regulations and energy policies jeopardize orderly transition of the resource mix
China’s apparent steel use to recover 2% in 2024
December 18, 2023
China’s apparent crude steel consumption is expected to recover by 2% or around 19 million tonnes on year to reach 962 million tonnes in 2024
Steel Demand Recovery to Continue in 2024
December 18, 2023
Steel demand growth will continue in most regions in 2024 with global consumption rising by 20 million-30 million tonnes (mt) vs 2023
Russia to abolish export tariffs on oil and coke
December 18, 2023
Russia is abolishing duties on oil and coke to zero from 1 January 2024, according to the Ministry of Finance.
Unknown suspects attack Cerrojon railway infrastructure
December 18, 2023
The railway infrastructure used by Glencore’s Cerrejón coal mine in Colombia was attacked with explosives by unknown suspects late on Friday
Global trade at risk as shippers shun Red Sea over Houthis attacks
December 18, 2023
Major shipping companies paused transiting the Middle East’s critical Bab al-Mandeb chokepoint for seaborne trade Dec. 15