12
Apr
10:22
Magang fully substitutes Australian coking coal
Ma'anshan Iron & Steel (Magang) in northeast China says that, effective from April, it can use domestic products to replace the supply of imported Australian coking coal.
Xu Quan, deputy manager of Magang Purchasing Center, says the steel mill has suspended imports of coal since June last year, mainly coking coal imported from Australia. Magang previously consumed approximately 1 million tonnes/year of Australian coking coal. High-grade Australian cok…
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Very good overview of the weekly steel market.
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