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Australia - Latest news GMK Center

Photo – Australia reduced coking coal exports by 13% m/m in February
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

Photo – World coking coal prices fell slightly amid high supply
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%

Photo – Australia’s mining companies are looking to increase iron ore exports to India
Australia’s mining companies are looking to increase iron ore exports to India

In 2021, India imported 411 thousand tons of Australian iron ore

Photo – Australia extends anti-dumping duties on rebar from four countries
Australia extends anti-dumping duties on rebar from four countries

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

Photo – Fitch has raised its forecast for Australian coking coal prices in 2023
Fitch has raised its forecast for Australian coking coal prices in 2023

It is expected that in the current year the price will be $350/t

Photo – Australia increased iron ore exports by 6.2% m/m in December 2022
Australia increased iron ore exports by 6.2% m/m in December 2022

The value of iron ore exports in December increased to $7.42 billion

Photo – Australian coking coal prices continue to rise
Australian coking coal prices continue to rise

Market reports indicate potential interest from Chinese buyers

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

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

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

Photo – Australia will consider an import duty on carbon emissions
Australia will consider an import duty on carbon emissions

The country will also limit the value of CO2 credits

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