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Taking Stock: Global Thermal Coal

I’ll start out with this first post by taking the temperature of the global thermal coal markets and looking out over the next year or so.

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Google Could Leverage Small Nuclear Reactors to Power Data Centers Amid AI Boom

As artificial intelligence (AI) continues to revolutionize industries, major tech companies are grappling with the massive energy demands required to power their growing infrastructure. Among them, Google is exploring innovative solutions to meet its energy needs while maintaining its commitment to carbon neutrality by 2030…

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Steel Prices Bottoming Out Amid Cautious Optimism for 2025

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…

US Proceeds with Section 301 Tariffs on Chinese Commodities

The United States is moving forward with Section 301 tariffs on a range of Chinese commodity imports, including steel, aluminum, lithium-ion batteries, and other critical minerals, as announced by the Office of the United States Trade Representative (USTR) on September 13, 2024…

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India Steel Producer RINL Faces Challenges Amid Coking Coal Shortage at Vizag Plant

State-owned steelmaker Rashtriya Ispat Nigam Ltd. (RINL) has been forced to shut down its blast furnace 3 at the Vishakhapatnam (Vizag) plant due to a coking coal shortage caused by a workers’ protest at the Gangavaram port. The shutdown, which occurred on 12 September, leaves RINL with only one operational blast furnace out of three at its 7.3 million tonne per year (t/yr) capacity plant, though no official announcement has been made by the company…

India’s DRI Production Growth Outpaces Crude Steel, But Coal Reliance Remains

India’s production of direct reduced iron (DRI), also known as sponge iron, has seen substantial growth, registering a compound annual growth rate (CAGR) of 8 percent over the last five years. DRI output rose to 51.5 metric tonnes (MT) in fiscal 2024, up from 34.7 MT in fiscal 2019, significantly outpacing the 5 percent growth in crude steel production during the same period, according to a recent report…

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