coking coal - Latest news GMK Center

Such an indicator is recorded for the first time in the last 5 months thanks to stable demand in India

From January to November, the company produced more than 5 million tons of coking coal

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

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

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

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

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

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

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

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

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

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