coking coal

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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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JSW extended the contract with ArcelorMittal Poland for the supply of coking coal

The agreement is concluded for the next three years and can subsequently be extended

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Polish JSW cut coke production by 15.5% y/y in the third quarter of 2022

Against the background of higher prices, the company prefers the production of thermal coal

Pokrovske Mine Administration mounts the 9th southern longwall of block №10

The first coal from it is planned to be delivered in March 2023

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The Australian government predicts a decline in iron ore prices

The price of iron ore is expected to fall to $97/t in the 2022/2023 financial year

Coking coal imports to China increased by 25.5% y/y in January-August 2022

In August 2022, imports increased by 36.8% year-on-year and by 4.7% compared to the previous month

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Fitch downgrades iron ore and coking coal price forecasts for 2022

The updated expectations reflect a decline in global steel production

Alpha Metallurgical Resources will deliver 4.5 million tons of coking coal to the US market in 2023

The company is not yet commenting on pricing as further discussions are ongoing

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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

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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

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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

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

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