04
Aug
07:47
Glencore decreases 2020 coal production guidance
Glencore has lowered its forecast for coking coal production in 2020 after announcing a decline in output in the first half of the year.
In H1 Glencore produced 3.7 million tonnes of coking coal, down -14% compared with the same period of last year, Kallanish notes. This was attributed to the timing of coal extraction at its Hail Creek mine in Queensland. Meanwhile, Australian coking coal prices slumped from $210/tonne in May 2019 to $111/t on 22 July 20…
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Anonymous
Very good overview of the weekly steel market.
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