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Russia to Export Coal to India via Iran’s Railway Network, Bolstering BRICS Connectivity
Russia has unveiled plans to export coal to India using the International North-South Corridor (INSTC), leveraging Iran’s railways, as announced during the BRICS transport ministers’ meeting at the 27th St. Petersburg International Economic Forum…
Pressures Mount in China’s Coking Coal Market Amid Seasonal Demand Shifts
An accumulation of coking coal inventories in China is signaling broader market shifts, as miners grapple with reduced sales due to diminished demand from coking plants and traders…
Downturn in China’s Thermal Coal Market Pressures Global Prices
China’s thermal coal import market exhibited continued sluggishness this week, prompting traders to reduce bid prices in utility tenders amid heightened selling pressure…
Tepid Demand in China Dampens Indonesian Coal Market Prospects
The Indonesian thermal coal market is currently experiencing subdued demand from its largest buyer, China, owing to an oversupply and significant price disparities that discourage transactions…
China’s Steel Exports for May Rise 15% Over 2023 Levels
China’s steel exports experienced a significant increase in May, registering a 15% rise year-over-year to reach 9.63 million tonnes, despite a slight dip from April’s figures…
GMK CEO: China, India to Bolster Steel Raw Mats Prices in 2H24
At the Kallanish Europe Steel Markets 2024 conference in Milan, GMK’s chief executive Stanislav Zinchenko highlighted the potential for sustained raw materials prices in the latter half of the year, driven by robust demand from China and India…
Cokal, PT Petrindo Team Up to Improve Coal Transport Infrastructure
Cokal has announced a new partnership with Indonesian coal firm PT Petrindo Jaya Kreasi to jointly develop and enhance transport infrastructure for coal logistics…
US Coal Power Plant Retirements Set to Increase in 2025
The United States is poised to see a significant uptick in coal-fired power plant retirements in 2025, dramatically impacting coal demand after a quieter year in 2024.
China NDRC Plans to Reduce CO2 in Steel Industry by 2030
China’s NDRC is launching a new plan which outlines specific goals to decrease energy consumption and enhance efficiency within major steel production processes.
China Coke Producers Push Back on Price Cuts
China metallurgical coke producers are pushing back against price cuts of 50-55 yuan per ton suggested by major steel mills in Hebei province and Tianjin City.
