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China’s metallurgical coal supply is expected to remain limited in the second quarter of 2022, as coking sector’s inventories deplete and Mongolian coal suppliers face logistical hurdles, industry sources said April 13. As of April 8, met coal stocks held by key Chinese independent coking producers reached 11.028 million mt, down 384,000 mt, or 3.4%, […]

India’s state-run Coal India offered 35.9 million mt of coal to buyers through spot auctions in fiscal year 2021-22 (April-March) and prices were discovered at 150% over the company’s standard rates, the ministry of coal said in the monthly summary for March to the country’s cabinet secretary April 11. The coal ministry’s monthly summary, reviewed

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore , metallurgical coal , copper , alumina, and steel and scrap . We also explore what the next few months could bring, from supply and demand

Prolonged factory shutdowns following coronavirus pandemic outbreaks in China have stoked concerns of escalating port congestion and supply chain backlogs, sources said. Shanghai, among other regions in China, is under a lockdown with strict testing and checking protocols, resulting in disrupted trucking activity and strained port operations. While lockdown protocols have been largely lifted in

Near-term scrap futures contracts on the London Metal Exchange fell sharply in the week to April 7, while trading volumes declined. Platts April contract, as assessed by S&P Global Commodity Insights, was down $8.75/mt at $636.50/mt on April 7. The May contract fell $30.75/mt to $609.50/mt, while the June contract fell $35/mt to $599.50/mt. The

S&P Global Commodity Insights assessed the second-quarter premium for imported primary aluminum at $172/mt plus London Metal Exchange cash, CIF main Japanese ports, on April 8, down 2.8% from $177/mt in the previous quarter, as demand for the metal in Japan remained weak S&P Global’s Platts specifications are for all quarterly settlements on a CIF

Ukrainian mining and steelmaking company Metinvest said April 7 it is partly resuming operations at Zaporizhstal iron and steel works, the Group’s JV where it holds 49.99% stake and aims to reach 150,000 mt output next month. Coil producer Zaporizhstal in the city of Zaporizhia, south Ukraine, put in hot conservation mode early March, shortly

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal , copper , alumina, and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts, to

Nucor will build its new rebar micro-mill in Lexington, North Carolina, with an annual capacity of 430,000 st, as the company expects to see increased demand in the region due to US federal infrastructure spending, it said April 7. “The corridor between Washington, D.C., and Atlanta is one of the fastest-growing regions in our nation,

US Congress voted April 7 to suspend permanent normal trade relations, also known as “most favored nation” trade status, with Russia in response to its invasion of Ukraine, a move that will allow increased duties on US imports of metals and other goods from Russia. The measure to suspend MFN status from Russia was previously