Import price pains seen helping to stabilize China’s thermal coal mart
March 21, 2024
China’s domestic market for thermal coal may soon find a floor if buyers show renewed preference for domestic cargoes
Tag: China
China coal industry group expects output growth to slow in 2024
March 20, 2024
China’s coal output is expected to increase 36 mmt, or 0.8%, to about 4.7B tonnes in 2024, slower than last year’s 2.9% growth.
Many steel mills resumed production, boosting blast furnace operating rate
March 20, 2024
According to SMM research, on March 20, the blast furnace operating rate was 89.45%, an increase of 0.3% month-on-month.
China’s CRC price may bottom out in April 2024
March 20, 2024
After experiencing a sharp drop, Chinese spot prices for CRC are likely to gradually stabilize later this month and rebound in April
China’s BF capacity slips further to 82.58%
March 19, 2024
The blast furnace (BF) capacity utilization rate slid for the fourth straight week to reach 82.58% during March 8-14, lower by another 0.53
Steel Associations Across China Advocate Production Cuts to Stabilize Market Prices
March 18, 2024
Amid the recent downturn in steel prices and burgeoning inventories, steel associations across various Chinese are advocating for cuts
China’s Steel Production Surges Despite Market Headwinds
March 18, 2024
China’s total crude steel output came in at 167.96 million tonnes over January-February, higher by 1.6% YoY
China’s Jan-Feb coal output down 4% YoY
March 18, 2024
Over January-February this year, China’s total output for raw coal for all uses decreased by 4.2% on year to 705.27 million tonnes
China’s Nuclear Energy Expansion Is Getting Even Faster
March 15, 2024
Beijing’s rapid deployment of atomic power rivals its growth in solar and wind, and the round-the-clock electricity is beneficial for the grid.
Steel mills in China’s Handan to cut production
March 14, 2024
On March 13, the Chinese city district of Handan introduced a second-level state of emergency to reduce environmental pollution.
Chinese BF mill margins improve in February 2024
March 14, 2024
Chinese blast-furnace (BF) steel mills saw a continued easing of losses on finished steel sales in February due to further decrease in costs
China’s steel & iron ore recovery to be slow with no stimulus coming
March 13, 2024
China’s steel and iron ore demand recovery would be slower than anticipated as market confidence has been dampened by no stimulus measures