INFOGRAPHIC: Global coking coal imports hit by Covid-19

All the world’s major coking coal importers reduced their purchases in 2020 amid steel production cuts and lockdowns caused by the Covid-19 pandemic.

China, Japan, South Korea, the European Union and India imported a total of 217.76 million tonnes of coking coal last year, down by 10.1% from 2019.

The largest decline in percentage terms was found in the EU. The bloc imported 30.20 million tonnes of the steelmaking raw material, down by 34.5% from 2019.

China imported 72.28 million tonnes in 2020. In percentage terms this was down by just 3%, but amounted to a year-on-year drop of 2.21 million tonnes.

The world’s second-largest importer, Japan, purchased 51.9 million tonnes of coking coal last year, down by 8% from 2019.

Click on image to enlarge

Join industry experts for an exciting forward look into Asia’s evolving steel market at the Singapore Steel Forum on July 14. Register today at https://events.fastmarkets.com/singapore-steel-forum

What to read next
Market participants are reporting significant disruption in shipping containers of metal scrap
The assessment was published at 3:58pm London time instead of the scheduled time of 4pm. The data submission window had already closed, and the data collection and price assessment were not affected by the early publication. MB-TI-0009 titanium dioxide pigment, sulfate grade, fob China, $ per tonne This price is a part of the Fastmarkets Industrial […]
The US aluminium market faces growing instability as ongoing tariff adjustments take a toll on cross-border trade with Canada. This article examines how uncertain policies are driving pricing risks, creating volatility in premiums, and forcing industry players to pause transactions.
The expansion of Section 232 steel tariffs is creating ripples across the US supply chain, affecting industries far and wide. From the escalating cost of raw materials to shifts in demand and production strategies, businesses are adjusting to the new realities of a tariff-driven market.
US steel tariffs have sparked strong reactions, reshaping global trade and leaving the steel market in flux. This article explores the key impacts of these tariffs on market trends, industry players, and trade policies. From policy goals to resulting uncertainties, gain insight into how these measures are influencing the future of steel and global markets.
Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.