31
Jul
13:28
BHP anticipates Indian expansion boosting coal demand: reports
Following the Chinese sanctions on Australian products, including coal, BHP expects the large-scale steel capacity expansions in India to boost coal demand, BHP chief commercial officer Vandita Pant has told the Financial Times.
According to Pant, around 40% of BHP’s coking coal is now heading to India, up from 30% in 2019. With shipments to India ramping up, the executive says India has become a very big market for BHP, Kallanish notes.
Melbourne-based BHP…
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Anonymous
Very good overview of the weekly steel market.
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