Demand growth sluggish; costs, overcapacity hit industry
April 9, 2024
Global steel demand growth will continue to be very sluggish in 2024-25
Author: CoalNewswire
Russia March seaborne coal exports down 8.1% MoM
April 9, 2024
Russia’s seaborne coal exports declined 8.11% month on month to 10.86 million tonnes in March 2024, according to Kpler’s cargo-tracking data.
China’s top coal province Shanxi to cut output for first time in seven years
April 8, 2024
China’s top coal-producing province of Shanxi plans to reduce output for the first time in seven years, a local government work plan shows
Coal Prices Buoyed by Asian Demand Growth
April 8, 2024
European coal prices edged higher on Monday amid signs of tightening seaborne supply as Asian buyers stepped up purchases
Indonesia and Japan Propel Biomass Initiatives in Power Sector
April 8, 2024
In a significant shift toward renewable energy and emissions reduction, Indonesia and Japan are advancing their biomass usage
Vietnamese HRC import market recovers
April 8, 2024
Vietnam’s hot rolled coil import market stabilised and lifted last week after sinking to lows at end-March
Indonesian thermal coal prices drop amid subdued demand from India & China
April 8, 2024
Indonesian thermal coal prices dropped towards last week. Prices of low-CV (3400 GAR) coal decreased by $0.44/tonnes (t), reaching $34.87/t
JSW and Tata Steel Hit All-Time High in Crude Steel Production for FY 2023-24
April 8, 2024
Both JSW Steel Limited and Tata Steel had their highest-ever crude steel production.
China’s retail steel stocks fall further on rising sales
April 8, 2024
Chinese steel traders saw their stocks of finished steel at hand decline further over March 29-April 4, thinning another 1.1 million tonnes
Russian Railways to carry 162.2 mln tons of coal via control section of Eastern Polygon
April 8, 2024
The plan is to carry 111 mln tons of coal products, which will account for over 60% of carried cargoes, in 2024.
China’s biggest steel maker exits Queensland coal
April 8, 2024
Stanmore Coal will consolidate ownership of undeveloped Eagle Downs coking coal mine after striking a deal with steel maker Baowu.
European Hot-Rolled Coil Market Faces Downward Pressure Amid Oversupply and Weak Demand
April 5, 2024
The European hot-rolled coil market is currently experiencing significant bearish pressure due to a combination of weak demand and oversupply.