Australia

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Australian coking coal prices continue to rise

Market reports indicate potential interest from Chinese buyers

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Fortescue increased iron ore shipments by 4% y/y in July-December 2022

In the first half of the 2022/2023 fiscal year, the company shipped 96.9 million tons of iron ore to customers

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Coking coal prices from Australia are rising on expectations that China will resume purchases

In 2016-2020, China imported more than 30 million tons of Australian coking coal per year

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The Australian Steel Institute is proposing a ban on the export of unprocessed scrap

The export ban will release an additional 800,000 tons of processed scrap metal

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Australia will consider an import duty on carbon emissions

The country will also limit the value of CO2 credits

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Australia has lowered its iron ore price forecast for 2022-2023

The average price of iron ore this year will be $102/ton

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Australia predicts decline in iron ore export revenues in 2022-2023 financial year

Revenues from the supply of iron are expected at the level of $75.8 billion

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Prices for coking coal at the beginning of December slightly increased – $250/t

Quotations of coking coal for the week of November 28 – December 5 in Australia increased by 1.2%, and in China – remained at the same level

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Prices for coking coal have decreased at the beginning of November

Quotations of coking coal for the week of November 4-11, 2022 on the Australian market fell by 11%, and on the Chinese market – by 0.7%

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Australia’s Calix will build a DRI production plant

The production capacity of the demonstration plant will be 30,000 tons of green steel per year

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World prices for coking coal remain volatile

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

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An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

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