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ADI to Restart Taranto Blast Furnace in Italy Amid Ongoing Restructuring Efforts
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…
Russian Railways’ Plan to End Coal Export Agreements Could Hit Coal Industry Hard in 2025
Russian Railways (RZD) has announced it will not extend its agreements with key coal-mining regions regarding eastbound coal exports in 2025, potentially triggering a significant decline in coal production and export volumes…
U.S. Coking Coal Exports Decline in August Amid Shifts in Global Demand
U.S. coking coal exports declined substantially in August, falling by 17% year-on-year to 3.86 million tons…
Rising Coal Consumption in India’s Steel and Power Sectors
India’s increasing coal consumption is driving significant activity in both the steel production and power generation sectors…
Chinese Stocks Decline Amid Investor Impatience as Key Policy Announcement Approaches
Chinese stocks tumbled on Wednesday as investors expressed frustration over having to wait for new information regarding potential economic stimulus measures…
India’s Finished Steel Exports Fall 40% Amid Weak EU Demand, Becomes Net Importer in 1H24
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…
Lignite Coal Power CCS Project in North Dakota Secures First $4.1M Federal Tranche for Carbon Capture
The Project Tundra initiative, a demonstration project aimed at capturing 4 million tons of carbon dioxide (CO₂) annually from two lignite-fired units at the Milton R. Young Station in North Dakota, has received a significant boost. The U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) has awarded the project $4.1 million as part of a larger $350 million cost-share commitment. This funding marks the first tranche to support the development of carbon capture and storage (CCS) technology at the 705-MW coal power plant near Center, North Dakota…
Regulatory Report on Grosvenor Fire Released, Prompting Broader Industry Inspections
A fire that raged for most of July at Anglo American’s Grosvenor coal mine in Queensland has raised serious safety concerns, prompting an extensive investigation and inspections at other coal mines…
Hurricane Helene’s Impact on U.S. Steel Demand, Supply, and Prices
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
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.
