Dutch TTF gas below coal-to-gas fuel-switching ranges
January 23, 2024
European gas prices have fallen to ranges where gas-fired power stations are now largely more profitable to run than coal-fired ones
Tag: Europe
German 2023 coal imports plunge 40% to record-low ahead of 2024 closures
January 17, 2024
German imports of steam coal for power generation plunged 40% year-on-year in 2023 to 18.6 million mt, the lowest in recent times
Gas prices slip towards 5-month lows
January 11, 2024
European gas prices edged closer to fresh five-month lows in Thursday trading as comfortable supply and waning demand weighed on the market.
European steelmakers restart blast furnaces
January 11, 2024
The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023
Thermal Market Thoughts
January 10, 2024
This northern hemisphere winter has been mild overall, and most of 2024 could be wrecked by high inventories, leading to subdued demand
How the EU’s carbon border tax will affect the global metals trade
January 9, 2024
The EU’s implementation of a CBAM to reduce the risk of carbon leakage as it strengthens its Emission Trading System…
Europe’s coal burn slips 3% in December
January 9, 2024
European coal-fired power generation fell 3% month on month in December as utilities relied on nuclear and gas to meet rising demand
ArcelorMittal increases steel coil offers by €50/t
January 9, 2024
Europe’s largest steelmaker, ArcelorMittal, increased its headline offer for hot-rolled coil (HRC) by €50/t on limited import options
For European Gas Traders Winter Is Already Over
January 8, 2024
From the perspective of the European natural gas market, winter is over as the region’s mild weather has left supplies plentiful
Salzgitter Restarts Blast Furnace After Revamp
January 4, 2024
German steelmaker Salzgitter has successfully restarted its blast furnace No. 2 after a comprehensive modernization project
Atlantic thermal coal market set for calmer year
January 3, 2024
Atlantic thermal coal markets look set for a somewhat calmer time in 2024 after the turbulence of recent years
Coal request a matter of survival for Ukraine
January 2, 2024
Ukraine has reiterated its request for coal from Australia, saying its need for the energy source is “not a lifestyle decision”