Peabody eyes 16-17m tonnes of met coal sales in 2014

Coal miner Peabody Energy is targeting to sell 16-17 million tonnes of metallurgical coal from its Australian operations in 2014, the USA-headquartered company said late last week.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

It would be slightly up from its 2013 met coal sales of 15.9 million tonnes.

“Seaborne metallurgical coal supply growth is expected to moderate in 2014, as most projects that were started in a higher-priced environment are completed and industry investment is dramatically reduced

“US metallurgical coal exports have declined by an estimated 12% through March, and Australia export growth is expected to slow as the year progresses,” Peabody said.

The miner sold 3.2 million tonnes of metallurgical coal during the first quarter of this year, down from 3.6 million tonnes recorded for the corresponding period in 2013.

Peabody expects ongoing urbanisation and industrialisation in China and India to lead to a 10-15% growth in seaborne metallurgical coal demand from 2013 to 2016.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.