Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces
Baowu Steel seeks to expand cooperation with Australia

Major iron ore producers are interested in the proposal of the Chinese company
Australia raises price forecast for iron ore and coking coal

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal
World coking coal prices are falling amid low buyer activity

Quotations of coking coal for the week of April 11-18, 2023, in Australia decreased by 7.1%, in China – by 7.4%
Australia predicts decline in iron ore export earnings in 2023-2024 financial year

The profits of Australian companies will be reduced due to the expected decline in iron ore prices
Australia increased iron ore exports by 14% m/m in March

59.9 million tons of iron ore were shipped to Chinese consumers in a month
Liberty Steel ordered electric arc furnace for Australian plant

The company is also planning a direct reduction plant with a capacity of 1.8 Mt
Australia reduced coking coal exports by 13% m/m in February

On an annual basis, the supply of coking coal fell by 20% in February 2023
World coking coal prices fell slightly amid high supply

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%
Australia’s mining companies are looking to increase iron ore exports to India

In 2021, India imported 411 thousand tons of Australian iron ore
Australia extends anti-dumping duties on rebar from four countries

The rate for Greece is 42.1%, for Spain – 6.3%

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