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coking coal - Latest news GMK Center

Photo – India and Australia will agree on a stable supply of coking coal
India and Australia will agree on a stable supply of coking coal

The Indian government is also seeking to increase domestic production of this raw material

Photo – Glencore has led a $9 billion deal to buy Teck’s coal division
Glencore has led a $9 billion deal to buy Teck’s coal division

The transaction is expected to close in the third quarter of 2024

Photo – World steel industry may experience a shortage of coking coal from 2030
World steel industry may experience a shortage of coking coal from 2030

In particular, this will happen under the condition that the decarbonization of the industry will take place more slowly than predicted

Photo – World trade in coking coal will grow by 7-8% in 2023 – forecast
World trade in coking coal will grow by 7-8% in 2023 – forecast

This will be facilitated by a slight increase in the volume of global production of pig iron

Photo – Zaporizhkoks increased blast furnace coke output by 3.4% m/m in October
Zaporizhkoks increased blast furnace coke output by 3.4% m/m in October

In January-October, production at the enterprise increased by 19.5% y/y

Photo – China increased coking coal imports to a record level in September
China increased coking coal imports to a record level in September

During the month, Chinese enterprises imported 10.82 million tons of coking coal

Photo – Polish JSW reduced coke sales by 20.4% q/q in Q3
Polish JSW reduced coke sales by 20.4% q/q in Q3

Coke production during July-September decreased by 8.2% q/q

Photo – Metinvest Pokrovskvugillia has released 4 million tons of coal
Metinvest Pokrovskvugillia has released 4 million tons of coal

During this time, the miners laid 17 km of mine workings to expand the further front of the works

Photo – Polish JSW reduced coke sales by 5% y/y in the first half of 2023
Polish JSW reduced coke sales by 5% y/y in the first half of 2023

Coal production decreased by 4% y/y, and coke production – by 11% y/y

Photo – China cut coking coal imports by 8% m/m in July
China cut coking coal imports by 8% m/m in July

The main factor in the reduction of the indicator is a decrease in supplies from the Russian Federation and Canada

Photo – China increased coking coal imports by 73.7% y/y in January-June
China increased coking coal imports by 73.7% y/y in January-June

In June, Chinese industry imported 7.75 million tons of coking coal

Photo – JSW Steel is considering acquiring foreign iron ore and coking coal assets
JSW Steel is considering acquiring foreign iron ore and coking coal assets

The company is also expanding its raw material base in India

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