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Coal News & Price Data – August 17, 2023 – JSW Considers 75% Stake in Teck’s Coking Coal Unit
India’s JSW Steel is reportedly considering acquiring a 75% stake in Teck Resources’ steelmaking coal business.
Coal News & Price Data – August 16, 2023 – Chinese Steel Production up 12% in July
China’s crude steel production surged by 11.5% year-on-year to 90.80 million metric tons (mt) in July
Coal News & Price Data – August 15, 2023 – More on US Steel M&A
The combo of Cleveland-Cliffs & US Steel would result in the largest steel producer in the US & a monopoly on iron ore production in the USA.
Coal News & Price Data – August 14, 2023 – US Steel Rejects $7.3B Bid from Cleveland Cliffs
Cleveland-Cliffs made an offer to acquire US Steel, valuing each share at $32.53, a 43% premium over US Steel’s last closing price.
Coal News & Price Data – August 11, 2023 – Strike at S32’s Appin Mine
South32 said it’ll halt some Appin Mine operations, which is part of Illawarra Metallurgical Coal, due to a strike of mining supervisors.
Coal News & Price Data – August 10, 2023 – Potential Strike Causes LNG Jitters
European natural gas prices experienced the largest jump since March of the previous year due to concerns over potential supply disruptions.
Coal News & Price Data – August 9, 2023 – Ramaco & Corsa Earnings Summaries
Demand for Asian thermal coal remains. Miners are offering limited spot cargo due to high production costs and royalties.
Coal News & Price Data – August 8, 2023 – Glencore, Coronado & CONSOL Earnings Summaries
Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.
Coal News & Price Data – August 7, 2023 – IEA Coal Update
The International Energy Agency’s mid-year Coal Market Update for 2023 reveals a mixed picture for the coal industry.