Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
Speaking at the 4th Global Coking Coal Resource & Market Summit 2014 held in Taiyuan, Wang Yingsheng, director of market research at the China Iron and Steel Association (CISA), stated that in the current year China's steel consumption will ...
Tags: Steel, Metallurgy, Mineral, Iron
Indian steelmaker Jindal Steel and Power will stop buying coking coal from Australia within three months, as the company has its own coal mines in the country, according to Reuters. This is seen as a move that could further soften commodity ...
Tags: Jindal Steel, Coking Coal, coal mines
Ukrainian coal production in February rose 2.1% to 6.88 million mt from 6.74 million mt in February 2013, but was down from 7.01 million mt in January, the energy and coal industry ministry said Wednesday. February output of thermal coal, ...
Tags: Coal Production, thermal coal, coking coal
South Africa-based miner Coal of Africa has announced that in the first six months ended on December 31 it registered a net loss of $46.3 million, down from a net loss of $111.7 million in the corresponding period of the previous year. In ...
Tags: Coal, Mineral, miner Coal
Coal shipments to South Korea from Port Waratah Coal Services' terminals at the Australian port of Newcastle slumped 55% from January to 993,000 mt in February, the company said Thursday. The drop comes after Port Waratah's terminals ...
Tags: Coal Imports, Newcastle Port, Coal shipments
Coal exports from the Port Waratah Coal Services (PWCS) terminals based at Port of Newcastle in New South Wales, Australia, totaled 9.84 million mt in February this year, increasing by 6.91 percent compared to January, according to the ...
Tags: Coal Exports, Mineral
Diversified miner trader Glencore Xstrata said Tuesday it sold 33.2 million mt of iron ore in 2013, a 68% annual rise in volumes, as it proceeds with studies for projects in Africa to gain marketing clout. As a relatively new entrant to ...
Tags: Iron Ore, Glencore Xstrata
According to a report by international credit rating agency Moody's, iron ore operations will support the profitability of vertically integrated CIS-based steelmakers, despite growing price risks on slowing demand from China and a supply ...
Tags: Steelmakers, Mineral
Turkey's thermal coal imports in January rose to the highest in three months, gaining 36.2% on the year to 2.080 million mt with Colombian volumes displacing Russian imports as the country's main supplier of the fuel, according to data from ...
Tags: Thermal Coal, Mineral
According to the data provided by the Turkish Statistical Institute (TUIK), in December last year Turkey's coking coal imports totaled 600,517 mt, up 52.56 percent year on year and increasing by 62.91 percent on month-on-month basis. ...
Tags: Coking Coal, Mineral
Increased low-ash thermal coal production from Whitehaven Coal's Narrabri underground mine in New South Wales was a key driver for a 48% year-on-year rise in the Australian coal producer's earnings before interest, depreciation and tax to ...
Tags: Coal's Sales, Mineral
Stocks of imported coal at 16 major ports in India rose 5% week on week to 7.9 million mt as of February 21, according to data released late Friday by Indian shipbroker Interocean Group. Of the total, thermal coal accounted for 5 million ...
Tags: Coal Stocks, Mineral
Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing
According to the data provided by the Turkish Statistical Institute (TUIK), in November last year Turkey's coking coal imports totaled 368,628 mt, up by 15.83 percent year on year and up 67.22 percent on month-on-month basis. Meanwhile, the ...
Tags: Coking Coal, the value ofimports