Insight

Tangshan steelmaking crackdown brings upside for China’s metallurgical coal miners

Get this report

$1,100

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

30 March 2021

Tangshan steelmaking crackdown brings upside for China’s metallurgical coal miners

Report summary

Strict production limits were placed on steel mills in Tangshan in mid-March after four mills were caught failing to reduce output during a spell of heavy pollution. The measures led to the national BOF capacity utilisation rate falling, which resulted in booming steel prices. But the incident has raised concerns about how long the measures will persist and whether they will be expanded to other steel-producing areas. We participated in a series of site visits in Tangshan on 15-19 March to figure out the implications for the steel and coking coal markets. Read our insight to find out why we think domestic coal miners could benefit – even though the probability of further steel production cuts remains high. Please read our report to find out more.

Table of contents

  • Executive summary
  • What happened in Tangshan?
  • Tangshan steel production constraints could spread nationwide
  • How will this affect coal miners?

Tables and charts

This report includes 5 images and tables including:

  • Declining BOF utilisation rate
  • Rebar price upticks
  • Coking coal imports reach lowest in recent years
  • Coke price collapses
  • while the Anze coking coal price stabilises

What's included

This report contains:

  • Document

    Tangshan steelmaking crackdown brings upside for China’s metallurgical coal miners

    PDF 905.45 KB