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.

Tuesday, March 9, 2021

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.

Tuesday, March 9, 2021

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.

Tuesday, March 9, 2021

Anglo American stands by Australian coking coal

The firm is still investigating a high gas level incident that closed Moranbah North on 20 February.

Tuesday, March 9, 2021

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.

Tuesday, March 9, 2021

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.

Monday, March 8, 2021

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?

Monday, March 8, 2021

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.

Monday, March 8, 2021
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