It’s been 50 years since Australia first established diplomatic relations with China. But compared to the relative warmth of the early years, modern relations between the two nations are in a deep freeze. Of course, Australia calling for an international inquiry into the origins of the coronavirus outbreak didn’t help matters. In fact, it led […]
Tag: Coking Coal
Potential Railroad Strike Threatens Metal Logistics
Roughly 1/3rd of all US exports rely on freight transport. Food, wood, coal and metal all move across the US’ 140,000 miles of freight routes. Because of this, many US goods providers are worried about the possibility of yet another major railway strike. In September, two of the 12 major US railway unions rejected negotiations, […]
Shelling severely damages Azovstal coking plant
Shelling on Metinvest’s longs and flats producer Azovstal has destroyed its ability to operate, local reports and a plant official stated. The plant is in the besieged Ukrainian city of Mariupol. Damage to the site remains unclear at present, sources told MetalMiner. Metinvest officials outside of Ukraine also did not indicate the degree of damage. […]
Tensions simmer between China, Australia over coking coal import ban
Nobody yet is quite sure whether Australia and China’s spat over coking coal imports will eventually turn out to be a case of bad politics making good economics or bad economic sense making for good politics. While politics between China and Australia is part of the reason for the former to have completely banned the […]
Chinese construction steel prices dip amid cluster of new coronavirus cases
As much as China would have the rest of the world believe it has the coronavirus beat, both the authorities and the economy are acutely sensitive to the possibility of a resurgence.
This Morning in Metals: Vallourec furloughs one-third of U.S. workforce
This morning in metals news, Vallourec on Monday announced it would furlough one-third of its North American workforce, Portland’s Evraz is laying off 250 at its spiral pipe plant, and Cleveland-Cliffs is idling the AK Coal Resources Inc. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Finally, gravity is reasserting itself on iron ore prices
Just as we were about to go to press with an article on the surprising resilience of seaborne iron ore and coking coal prices in Asia, the market in Asia closed yesterday with heavy falls – they beat us to it. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Could Spot Iron Ore be on Track for $100/Ton?
According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]
This Morning in Metals: Chinese Aluminum Output Rises in December
This morning in metals news, China ramped up its aluminum output in December, British police are looking into allegations of pension fraud against steelworkers and India considers a plan to have its steel ministry oversee iron ore and coal operations. Want to see an Aluminum Price forecast? Take a free trial! British Police Look Into […]