Slumping Thermal Coal Prices Signal a Chilly Winter for Miners
January 2, 2024
European thermal coal prices took a nosedive this week, hitting a six-month low in early Tuesday trading. Signaling a Chilly Winter for Miners
Tag: Europe
Poland’s JSW declared Force Majeure after Mine Fire
December 29, 2023
Polish coking coal producer JSW said that the fire that occurred in early December 2023 will lead to a reduction in production in 2024.
European Gas Falls 7% on Milder Outlook
December 29, 2023
European gas prices fell more than 7% on Thursday amid lower power prices and forecasts for milder weather than previously expected.
Steel Curtain Rises: EU Quotas Clamp Down on Russian Imports
December 21, 2023
In a move set to reverberate through the global steel landscape, the EU instituted a quota system on pig iron and slab imports from Russia.
German steel industry reports production losses
December 20, 2023
Crude steel production in Germany in 2023 fell by 4 percent year-on-year to 35.5 million tonnes due to the energy crisis and the weak economy
Gas prices rebound from 3.5-month low but sentiment weak
December 20, 2023
European gas prices rebounded further from Thursday’s 3.5-month lows in early Wednesday trading but sentiment remained bearish
UK to launch carbon border adjustment mechanism from 2027
December 19, 2023
The UK will implement its own carbon border adjustment mechanism by 2027 to put a carbon charge on imports
Ukraine’s Steel Industry Seeks Strategies for Export Revival Amidst Challenges
December 16, 2023
Ukraine is currently seeking ways to increase steel industry exports to boost revenues into the country’s coffers
River Rhine in south Germany remains closed to shipping
December 15, 2023
Parts of the river Rhine in south Germany remained closed to shipping on Friday after heavy rain and melting snow increased water levels
German front-year power extends 2-year low
December 15, 2023
The Cal 24 slumped to EUR 87.84/MWh, the lowest since September 2021. It was last seen down EUR 1.50 at EUR 88.05/MWh.
German power futures ease in narrow range after recent lows
December 14, 2023
German power futures prices were a shade down in range-bound trading on Thursday following lows reached earlier in the week.
Europe to Press on with Low-Emission Steel Projects in 2024
December 13, 2023
The march toward a low carbon steel production future is at the top of the political agenda for some general elections in Europe in 2024