Insight
2021 Global Coal & Steel Raw Materials Forum
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Report summary
The global coal and steel raw materials sectors seem to be thriving as we enter the second half of 2021 but appearances can be deceiving. The coal sector is defending itself from a barrage of blows thrown by a patchy pandemic recovery and arbitrary geopolitical intervention. Meanwhile, the energy transition looms with a potentially knockout punch that is threatening not only coal, but all steel raw materials. In the 2021 Global Coal and Steel Raw Materials Webinar – Wood Mackenzie explored the impacts of these unique, and epoch-defining, events. Key themes explored include: The recent price surge and coal pricing mechanisms amid the China-Australia trade ban What are the obstacles faced by the power and steel sectors to reach a 2-degree outcome What types of steel production are possible under a reasonable 2-degree pathway Can DRI growth offset BF-BOF declines for iron ore demand in a 2-degree scenario and what does it mean for product differentiation.
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