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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.
European HRC Producers Consider Raising Prices
European prices for hot-rolled coil (HRC) appear to be showing signs of stability, which is encouraging steel producers there to set the market higher.
Queensland Coal Exports up 8.5% in May
Exports from key Queensland, Australia metallurgical coal ports —Hay Point, Dalrymple Bay Coal Terminal (DBCT), Abbot Point, and Gladstone— rose by 8.5% in May.
India’s NTPC to Expand Coal Power Capacity as Demand Grows
Indian utility NTPC has announced plans to issue tenders for approximately 15GW of thermal power generation capacity by March 2027.
