India produced 101.4 million mt of crude steel in 2017, making it easily the third-largest steel producer in the world, and the country is on track to overtake second-placed Japan this year. Indian steel production over January-June rose 5.1% year on year to 52.8 million mt, according to Joint Plant Committee data. Only China among the major producing countries has seen greater output growth, at 6%, this year. Japan’s steel production has been fairly stagnant for almost a decade.
Posts tagged ‘metallurgical coal’
 
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July 25, 2018 11:10 UTC 
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US miner Cleveland-Cliffs said Monday the courts handed it the breakthrough it wanted at a site rich with iron ore resources in Minnesota. The United States Bankruptcy Court for the District of Delaware has reaffirmed the 2017 Cliffs acquisition of land located in Nashwauk, Minnesota, and the ruling resolved the land dispute in favor of Cliffs and Glacier Park Iron Ore Properties, the miner said in a statement Monday. |
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June 13, 2018 15:00 UTC
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The metallurgical coal market has been abuzz with chatter since reports last week of a $70 billion package proposed by China to narrow its significant trade deficit with the US. Among the range of energy, agricultural and manufactured products that China may look to significantly increase purchases of, coal is one that has been identified by both sides. However, there is a lot of uncertainty over how much China can further deepen its collaboration with the US in the coal sector. |
 
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April 27, 2017 14:01 UTC
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Tropical Cyclone Debbie has left more than uprooted trees and overturned boats in its wake: The seaborne metallurgical coal market has also been upended, with China coming out as the top seller in the spot market from being the single largest buyer a year ago. |
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March 31, 2017 09:27 UTC
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Update as of April 3, 2347EST: What makes Cyclone Debbie unique is that it appeared to have relatively minimal impact to the ports and mines but it had been particularly damaging to the railway lines, especially the Goonyella line. An initial estimate by more than four market participants is that approximately 15 million mt to 20 million mt of met coal could be adversely affected because of railway disruptions. More updates in the tables below. |
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January 24, 2017 05:01 UTC
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The New Year’s hangovers have all worn off by now and US sheet market players are all back at their desks, but questions remain about what should be expected in 2017. The age-old response — “If I knew, I’d certainly be making more money than I am right now” — has echoed through phones and inboxes. CRC, demand, hot-rolled coil, hrc, met coal, metallurgical coal, mills, prices, production, sheet, steel, steel mills, steel prices, supply, Trump, US
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November 14, 2016 03:18 UTC
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It‘s hard to imagine metallurgical coal exerting much influence on other commodity markets. But when the price of a commodity quadruples in slightly over 10 months, its clout amplifies. |
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October 5, 2016 10:11 UTC
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Metallurgical coal’s breathtaking 131% price rally in the third quarter of 2016 has elevated the steelmaking raw material to become the year’s best performing commodity so far. But Platts-observed spot trade data in January-June showed that the seeds of the price rally were already sown earlier in the year. Greater cargo re-trading and robust Chinese buying pushed seaborne metallurgical coal spot trades into the Asia-Pacific region higher 9.3% year on year to 30.95 million mt in the first six months of 2016. |
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January 29, 2016 15:39 UTC
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Metallurgical coal market traders and miners who met in Miami this week see Asia’s promise perking optimism after a run of price declines and bankruptcies. |
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October 28, 2015 07:00 UTC
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As conferences go, this US event may be the most cerebral in the steel raw materials calendar. At the annual Met Coke World Summit in Pittsburgh this week, some of the presentations maybe far too technical for the commercial attendees and market analysts gathered for the largest metallurgical coke event worldwide. |