Global insight
Merafe loss decreases, electricity risk remains, logistics challenge intensifies
Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. |
ArcelorMittal increases CRC/HDG, leaves HRC unchanged
The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t. |
Australian iron ore exploration boom continues
Australian iron ore exploration spending rose to A$395.5mn in 2020 from A$349.6mn in 2019 and A$300.9mn in 2018. |
Anglo American stands by Australian coking coal
The firm is still investigating a high gas level incident that closed Moranbah North on 20 February. |
Atlantic coking coal: Prices steady amid tightness
The lack of availability in high vol A is expected to lend support to miners with high vol B volumes to offer. |
Nippon Steel will cut production capacity by another 10% as demand is hit hard by the epidemic
Japan¡¯s largest steelmaker Nippon Steel said on 5 March that it would cut capacity by another 10% as domestic demand fell and competition from china intensified. |
On the development of iron and steel industry during the two sessions--the overall steel market will be better in 2021
China Economic Times: in 2020, the supply and demand of steel market will be relatively loose. How will the industry perform? What will be the trend in 2021? What are the main influencing factors? |
UN: phase out all coal and coal power projects in the world
The gradual elimination of coal in the power industry is the most important step to achieve the temperature rise within 1.5 degrees Celsius,this means that by 2030, global coal consumption in power generation must be 80% lower than in 2010. |
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