Coal News & Price Data – October 18, 2024
October 18, 2024
Coal News & Price Data – October 18, 2024
Category: Steel
European Steelmakers Call for Urgent EU Support Amid Industry Crisis
October 18, 2024
The European steel industry is calling for immediate action from the European Union (EU) to address an escalating crisis that is being described as the most severe since 2009. ..
Metinvest Prepares for Potential Disruption by Russian Forces Near Pokrovsk
October 17, 2024
Metinvest, who owns the Pokrovske coking coal mine, discusses their mitigation strategy should Russian forces take control of the operation…
Coal News & Price Data – October 17, 2024
October 17, 2024
Coal News & Price Data – October 17, 2024
Ukraine’s Steel Industry at Risk as Russian Forces Threaten Critical Coking Coal Supply
October 17, 2024
Russian troops now within 12 kilometers of the Pokrovske coal mine, the loss of which could deal a severe blow to Ukraine’s steel sector…
Baosteel, Other China Mills Announce Price Hikes for Nov Sales
October 14, 2024
Baoshan Iron & Steel (Baosteel), the main listed subsidiary of China’s largest steelmaker Baowu Steel Group, has announced price increases for most flat steel products in November…
ADI to Restart Taranto Blast Furnace in Italy Amid Ongoing Restructuring Efforts
October 14, 2024
Acciaierie d’Italia (ADI) is set to restart blast furnace no.1 at its Taranto steelworks on 15 October, marking a significant step in the company’s efforts to revive production…
Rising Coal Consumption in India’s Steel and Power Sectors
October 10, 2024
India’s increasing coal consumption is driving significant activity in both the steel production and power generation sectors…
India’s Finished Steel Exports Fall 40% Amid Weak EU Demand, Becomes Net Importer in 1H24
October 3, 2024
India’s finished steel exports fell sharply by 39.6% year-on-year over April-August, driven largely by declining demand from the European Union, according to data from the Joint Plant Committee. The total exports during this period amounted to 1.92 million metric tons (MMt), with the steepest declines seen in key EU markets…
Hurricane Helene’s Impact on U.S. Steel Demand, Supply, and Prices
October 3, 2024
The U.S. steel industry is grappling with the effects of Hurricane Helene, which hit the southern states from Florida to Tennessee late last week. The
Steel Prices Bottoming Out Amid Cautious Optimism for 2025
September 27, 2024
At the Siderweb Forum’s roundtable discussion titled “Steel in Italy and the World,” steel industry leaders expressed cautious optimism for a potential recovery in 2025, suggesting that current steel prices may have bottomed out after a prolonged downturn…
Tata Steel Commissions India’s Largest Blast Furnace, Expands Kalinganagar Capacity
September 23, 2024
Tata Steel achieved a significant milestone in its expansion efforts by commissioning a new blast furnace at its Kalinganagar plant in Odisha last week, boosting the facility’s capacity from 3 million tonnes (mt) to 8 mt annually…