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Vietnamese HRC import market recovers
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
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
South Africa Thermal Coal Exports Rise 4% MoM in March 2024
South Africa’s thermal coal exports rose by 4% m-o-m to 5.36 million tonnes in March 2024 as against 5.16 mnt in February 2024.
JSW and Tata Steel Hit All-Time High in Crude Steel Production for FY 2023-24
Both JSW Steel Limited and Tata Steel had their highest-ever crude steel production.
China’s retail steel stocks fall further on rising sales
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
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
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
The European hot-rolled coil market is currently experiencing significant bearish pressure due to a combination of weak demand and oversupply.
Thermal Coal Prices Rise as Supply Tightens
European coal prices gained ground in Friday trading, after relatively sharp losses in the previous two sessions
Teck Resources Q1 Steelmaking Coal Sales Fall Y/Y
Teck Resources Limited TECK has provided an update on its first-quarter 2024 steelmaking coal sales volumes and realized prices.