Weekly steel market news summary (May 20-May 24)

sxcoal.com Production & Sales 2019-05-27 10:57:07

UK's 2nd biggest steel firm in bankruptcy British Steel, the second largest steel firm in the UK, British Steel L......


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1 Chinese thermal coal market climb fast on robust demand 2020-07-07

Chinese thermal coal prices continued growing at a fast pace at northern transfer ports, as utilities are frequently issuing tenders for the summer peak demand period. On July 7, offer pr

2 China coking coal buying interest tapers after coke prices fall 2020-07-07

Chinese coke producers started to diminish coking coal procurement after several leading steelmakers lowered purchasing prices of coke, signaling an end of consecutive rises in the coke sector since e

3 Indonesian thermal coal demand weakens in SE Asia markets after China, India 2020-07-07

Thermal coal of Indonesia, a major global supplier, seems to be losing its emerging Southeast Asia markets after top buyers China and India shifted to domestic supply amid Covid-19 pandemic woes.

4 China Coal Daily Track (Jul 7) 2020-07-07

Thermal coal Production area Both supply and demand have improved in Inner Mongolia and other key production areas since the start of this month In Inner Mongolia, coa

5 China's 2020 power demand to gain over 1.5%: analysis report 2020-07-07

China's power consumption is expected to reach 7.33-7.48 trillion kilowatt hour (KWh) in 2020, an increase of 1.5% to 3.5% from 2019's consumption, factoring in coronavirus, financial policies, the sw

6 China steel plates strong while rebar weak in late Jun 2020-07-07

As the rainy season in southern China restricted the demand for construction steel, rebar and wire rod prices ran weak in late June, according to the latest data from the National Bureau of Statistics

7 Myanmar becomes top market for Chinese cos to track power projects in H1 2020-07-07

Out of 144 overseas power projects Chinese companies participated in over the first half of 2020, 27 projects are located in Myanmar, accounting for 18.8% of total, making the southeastern Asian count

8 Huadian Coal Industry H1 profits rise 23% YoY 2020-07-07

Despite hardships and headwinds due to the outbreak of COVID-19 in China, Huadian Coal Industry under China Huadian Corporation has achieved encouraging results in the first half of 2020, according to

9 China steel industry's Jan-May profits slide significantly 2020-07-07

Steel production and sales have resumed to normal and operated stably by May, while the profit of China's steel industry slumped sharply over January-May amid double squeezes from falling steel prices

10 India's coal import drops 30% to 48.84 Mt in Apr-Jun 2020-07-07

The country's coal imports registered a drop of 29.7% to 48.84 million tonnes (Mt) in the April-June period of the ongoing financial year, according to industry data. India had imported 69.54 Mt of co

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1 CHN Energy Jul term contract prices reach new high so far this yr 2020-07-02

China's top coal mining group China Energy Investment Corporation, or CHN Energy, raised its monthly term contract prices of thermal coal for July delivery to a new high so far this year, market sourc

2 China coal mine safety watchdog warns of possible floods at mines 2020-07-03

China's National Coal Mine Safety Administration warned of possible floods at coal mines alongside persistently strong rainfalls in South China and Southwest China. Entering the rainy sea

3 Indonesia sets Jul coal HBA price at lowest in 4 yrs 2020-07-03

The Indonesian government set its coal benchmark price (HBA) for July at $52.16/t, down from $52.98/t last month, the Energy and Mineral Resources Ministry said in a statement on July 3.

4 China's thermal coal prices climb quickly on bullish outlook 2020-07-03

Thermal coal prices moved up rapidly at northern Chinese ports late this week, on the back of revived market confidence for higher buying demand and tight supply. Prevailing offers for 0.

5 Customs authorities suspend coking coal clearing at N port on quota shortage 2020-07-02

Chinese customs temporarily stopped customs clearing services for coking coal imports at Jingtang port in northern China's Hebei province, as its quotas for the whole 2020 have been almost used up, so

6 Chinese steel market bracing for slack demand season 2020-07-02

Chinese steel market is bracing for typically slack demand season, alongside rising steel stockpiles and slightly contracted demand, said Ge Xin, vice director of Lange Steel Research Center.

7 Supply woes spur buying interest of thermal coal at N China ports 2020-07-02

Buying appetite of spot thermal coal was seen notably higher at northern China ports, spurred mainly by supply shortage at main production provinces and CHN Energy's upward July term contract prices.

8 Indonesian low-CV coal prices fall below $24/t; downward pressure remains 2020-07-03

Offer prices of Indonesian thermal coal prices nudged lower on July 3 in the Chinese seaborne import market due to the poor demand curbed by a lack of import quotas. Market participants surmised the d

9 Japan seeks to suspend or retire 90% of dirty coal-fired plants 2020-07-02

The Japanese government is looking to suspend or shutter nearly 90% of its older, inefficient coal-fired power plants by fiscal year 2030 in what would be a major turning point for the country's energ

10 Coal stocks update suspended for China's six coastal power groups 2020-07-06

Updates on coal stocks and consumption of China's six major coastal power groups are temporarily suspended, after China Huaneng Group, China Huadian Group and China Datang Corporation were said not to

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