coking coal

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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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

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%

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%

China increased coal imports from Russia by 22% in June

Discounts on raw materials from Russian sellers attract Chinese consumers

Global coal prices may increase

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

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