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coking coal - Latest news GMK Center

Photo – Coking coal exports from Australia to India fell to a two-year low in August 2022
Coking coal exports from Australia to India fell to a two-year low in August 2022

In July-August 2022, Indian steelmakers actively ordered cheap coke from China and Indonesia. It reduced the demand for coking coal

Photo – The Cabinet of Ministers imposed a ban on the coking coal export
The Cabinet of Ministers imposed a ban on the coking coal export

The decision was made with the aim of ensuring proper preparation and passage of the heating season

Photo – Rising prices for coking coal may reduce the steelmakers’ margins
Rising prices for coking coal may reduce the steelmakers’ margins

Coking coal prices rose in August after a record fall in July, but forecasts for future quotations differ

Photo – Pokrovske Mine Administration plans to consolidate belt conveyors to optimize costs
Pokrovske Mine Administration plans to consolidate belt conveyors to optimize costs

On the "Conveyor transport - 7" section, two belt conveyors to be remount into one unit 1 km long

Photo – The import of coking coal to Turkey fell by 26% in June
The import of coking coal to Turkey fell by 26% in June

However, the value of imported steel increased by 8%, to $114.1 million

Photo – Indian companies are buying Asian currencies to import coal from the Russian Federation
Indian companies are buying Asian currencies to import coal from the Russian Federation

In July, Russia became the third largest supplier of coal to India, increasing the index by 21%

Photo – China has increased coking coal imports by 17% in six months
China has increased coking coal imports by 17% in six months

In June, the supply of raw materials to the country increased by 20.5%

Photo – China increased coal imports from Russia by 22% in June
China increased coal imports from Russia by 22% in June

Discounts on raw materials from Russian sellers attract Chinese consumers

Photo – Global coal prices may increase
Global coal prices may increase

Coking coal prices, despite the fall, also have growth potential

Photo – Pokrovskcoal operates at 75% of the pre-war load
Pokrovskcoal operates at 75% of the pre-war load

Metinvest plans to resume the operation of plants in Bulgaria and Italy in July

Photo – Pokrovske coal mine resumed coal production in block №1
Pokrovske coal mine resumed coal production in block №1

In April, due to a shortage of workers, coal mining in the unit was temporarily stopped

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