08
Mar
08:54
China plans 150mt coal cuts, but stable prices
China plans to eliminate more than 150 million tonnes/year of coal capacity in 2017. New price monitoring systems, lax coal production restrictions and long-term supply contracts between coal miners and buyers show, however, that the government is trying hard to avoid the dramatic coal price fluctuation seen in 2016.
Last year China cut 290m t/y of coal capacity, while national output also decreased, by -9.4% to about 320mt, greatly impacting coking coal prices …
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Anonymous
Very good overview of the weekly steel market.
Anonymous