
Coal News & Price Data – January 11, 2024 – European Steelmakers are Restarting Blast Furnaces
uropean steelmakers are resuming production, which was reduced in mid-2023 to stabilize steel prices in Q1

uropean steelmakers are resuming production, which was reduced in mid-2023 to stabilize steel prices in Q1

India’s pet coke imports dropped by 5% m-o-m to 0.88 million tonnes (mnt) in December 2023 as against 0.92 mnt in November

Kpler ship tracking data shows that in December 2023, Russia’s seaborne coal export volume was 10.8213 million tons

In 2023, Mongolia experienced a substantial increase in its coal exports, reaching 66.70 million tonnes (mt), a notable rise of 110.5% YoY

In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 million tons

China’s metallurgical coke production reached an estimated 490 million mt in 2023, up 3.6% from 2022.

Indonesian thermal coal exports rose by 7% y-o-y to 360.58 million tonnes (mnt) in CY’23 as against 336.78 mnt in CY’22

Indonesia’s seaborne coal exports increased again from the previous month, an increase of more than 20% YoY.

China witnessed a continuous expansion of advanced coal production capacity from 2021 to 2023 from robust output and substantial coal imports

Driven by the stabilization of the domestic macro-economy and higher-than-expected increase in steel exports, demand for steel has rebounded

Australian thermal coal exports rose by 13% y-o-y to 199.48 mnt in CY’23 as against 176.89 mnt in the same period last year

From 2021 to 2023, China’s production of high-quality coal has been consistently increasing, resulting in a high level of domestic supply