HRC export market remains dull amid downturn in global markets
February 27, 2024
ndia HRC (SAE 1006) export index (for the Middle East and Vietnam) inched down w-o-w to $596/tonne (t) FOB against $597/t FOB
Category: Free
Chinese Met coke price drop leads to margin losses
February 27, 2024
Coking companies across several provinces in China are facing a market crisis in the coke industry, marked by a decrease in coke prices
7 key reasons for BHP’s cooling steel outlook
February 27, 2024
Amid inflation and a global economic slowdown, BHP’s outlook for the steel industry in China has become less optimistic.
Stanmore Resources Strengthens Balance Sheet and Increases Production After Major Acquisition
February 26, 2024
Australian coal producer Stanmore Resources reports strong financial performance in 2023:
Yancoal Australia Reports Lower Profit Despite Increased Production in 2023
February 26, 2024
Australian coal producer Yancoal Australia recorded a significant decrease in after-tax net profit for the year ending December 31, 2023
Russian Energy Ministry predicts growth in coal exports after 2024
February 26, 2024
The Russian Energy Ministry forecasts an increase in coal exports after 2024, in light of the Eastern Range railroad expansion and…
Olive Downs’ PE owners test waters for continuation fund
February 26, 2024
Private equity-backed Queensland coking coal mine Olive Downs is ready to shake up its ownership.
Private Credit Dominates Whitehaven Coal’s $1.1 Billion Loan
February 26, 2024
Australian coal firm Whitehaven Coal Ltd. drew 17 private credit providers and one bank for a $1.1 billion loan to buy two mines
Hallador Energy Restructures Sunrise Coal Division to Reduce Operating Costs
February 26, 2024
Hallador Energy has announced a restructuring of the company’s Sunrise Coal Division to strengthen its financial & operational efficiency
Warrior Met Coal’s Ballooning Development Costs Prompt RBC Capital To Rethink Projections
February 26, 2024
RBC Capital analysts this week lowered their price target for Warrior Met Coal as costs balloon at thecompany’s Blue Creek mine project.
Australia’s Stanmore exceeds 2023 coal output guidance
February 26, 2024
Australian mining firm Stanmore Coal’s output of 13.2mn t in 2023 exceeded the top end of its 12.3mn-13mn t guidance
CISA Members’ mid-Feb daily steel output rises
February 26, 2024
Daily crude steel output among the member mills picked up further during February 11-20, rising by another 1.5% or 31,000 tonnes/day