The Coal Trader

Tag: Metallurgical Coal

Coal Mining Coal News Hot Rolled Coil HRC Steel

India Steel Producer RINL Faces Challenges Amid Coking Coal Shortage at Vizag Plant

September 16, 2024

State-owned steelmaker Rashtriya Ispat Nigam Ltd. (RINL) has been forced to shut down its blast furnace 3 at the Vishakhapatnam (Vizag) plant due to a coking coal shortage caused by a workers’ protest at the Gangavaram port. The shutdown, which occurred on 12 September, leaves RINL with only one operational blast furnace out of three at its 7.3 million tonne per year (t/yr) capacity plant, though no official announcement has been made by the company…

India’s DRI Production Growth Outpaces Crude Steel, But Coal Reliance Remains

September 16, 2024

India’s production of direct reduced iron (DRI), also known as sponge iron, has seen substantial growth, registering a compound annual growth rate (CAGR) of 8 percent over the last five years. DRI output rose to 51.5 metric tonnes (MT) in fiscal 2024, up from 34.7 MT in fiscal 2019, significantly outpacing the 5 percent growth in crude steel production during the same period, according to a recent report…

Coal News Coal Markets, Russia

Russian Coal Industry Faces Mounting Challenges in 2024 Amid Declining Exports and Production Shifts

August 27, 2024

Russian coal producers continue to grind through a turbulent 2024, marked by a slight overall decline in output and a significant drop in coal exports. From January to July 2024, total coal production across Russia has declined modestly to 250.6 million tons (Mt), down just 1.9 Mt or 0.8% year-on-year. Exports have struggled, however, falling sharply to 105.8 Mt, a decrease of 11.2 Mt or 10% compared to the same period in 2023…

CSX Curtis Bay Coal Terminal Incident Causes Shipping Delay

August 19, 2024

A significant mechanical failure at CSX’s Curtis Bay coal export terminal near Baltimore has led to a temporary halt in coal loading operations. According to shipping agencies in the region, it will take at least two weeks to repair or replace the damaged machinery…

Coal Mining Coal Stockpile West Virginia

Thermal Coal Markets Run As Met Retracts

August 13, 2024

There has been a huge shift in momentum from the met coal side to the thermal coal side over the last few weeks as we reported in our $CEIX earnings preview last week. And having just returned from the West Virginia Coal Association’s Annual Meeting at the Greenbrier, I can confirm that attitudes are cautiously optimistic about a solid back half of the year…

Coal Mining Steel HRC Europe

EU’s Anti-Dumping Probe on Hot-Rolled Steel Sparks Global Reactions

August 12, 2024

The European Union’s recent initiation of an anti-dumping (AD) investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam has triggered significant responses from global market participants. Concerns are rising over the potential impact on supply chains and pricing across the steel industry…

Coal Mining Alpha Met Coal (AMR)

Q2 Earnings Preview – AMR

August 5, 2024

In this post, we take a look through our current projections for AMR’s Q2 earnings and the process of how we build them up…

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