EU Steel Summary
March 1, 2024
Potential price increases considered by European longs producers, amid firm output costs, failed to materialise, as buyers delayed restocking
Category: Free
China’s steel PMI stable at 46 in February
March 1, 2024
The Purchasing Managers’ Index (PMI) for China’s steel industry remained unchanged for the second month at 46 in February
China’s steel use in manufacturing sector to rise in March
March 1, 2024
China’s steel consumption in the manufacturing sector is likely to rise in March, mainly prompted by a resumption of operating activities…
Steel Protectionism against China
March 1, 2024
A key support for China’s steel demand since 2023 is direct exports. One of the threats to exports this year would be trade barriers
Newcastle coal rises to 6-week high
February 29, 2024
The Pacific basin’s thermal coal index edged up to its highest level in six weeks this week, supported by fresh western sanctions on Russia
More coal asset sales on the cards as South32 gets cracking price for Illawarra Coal
February 29, 2024
The $US1.65bn price South32 achieved for the sale of Illawarra Metallurgical Coal has been described around the market as a knockout one
BlueScope considers tilt at South32 mines to pre-empt $2.5b sale
February 29, 2024
BlueScope is mulling whether to match the $US1.65 billion Indonesian bid for the Illawarra coal mines that feed the Port Kembla steel mill
Uniper Says Germany Will Struggle to Meet 2030 Coal-Exit Goal
February 29, 2024
Germany will have difficulty achieving its goal of a coal phase-out by 2030, even as it plans to ramp-up H2-ready natural gas power plants
Indonesia & South Africa aim to regain lost share in Indian coal market
February 29, 2024
Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said
Metinvest Reports Drop in Steel Production Amidst Russian Invasion
February 29, 2024
Ukrainian metals and mining group Metinvest recently reported a 31% decrease year on year in its crude steel production for 2023
China’s steel prices seen firming in March
February 29, 2024
China’s domestic steel prices are expected to rebound in March as market conditions and steel fundamentals will likely change for the better
Stanmore’s coal output was up 43% in 2023
February 29, 2024
Australian mining company, Stanmore, achieved total production of 13.2 mnt of saleable coal at full capacity in CY’23