Global metallurgical coal short-term outlook June 2019: Metallurgical coal prices tested as steel margins falter
Report summary
Table of contents
- Pressure on prices to remain in Q3 before Q4 recovery
- Trade dispute and import quotas still the greatest risk to our forecast
- PCI and SSCC spot prices languish but does it matter?
- Australia: Still waiting for a discernible improvement
- Anglo American's expansion could be higher than our expectations
- Ukraine & Russia: import restrictions may add to Asia weakness
- Teck showing restraint while minors pursue growth
- Global steel production rates spike on Chinese performance
- China: Trade dispute piles on pressure
- Chinese Government moves to provide some relief
- Authorities aim for stability in property sector
- Europe: Steelmakers facing multiple threats
- Korea: Steelmakers fall foul of environment controls
Tables and charts
This report includes 6 images and tables including:
- Key Prices - history and quarterly forecasts (US$/t, nominal)
- Queensland Ports: Metallurgical coal exports (Mt)
- Global and Chinese crude steel production (Mt)
- Crude steel production - other major producers (Mt)
- Global and Chinese blast furnace hot metal production (Mt)
- Blast furnace hot metal production - other major producers (Mt)
What's included
This report contains:
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