South Africa

Details

  • Industry: Mining
  • Type: Business and industry issue
  • Date: 2012/11/27

Quarterly Commodity Insights Bulletin: Metallurgical Coal Q3-2012 

This Quarterly Commodity Insights Bulletin looks at how Metallurgical Coal has performed during the third quarter of 2012.

Mining companies and industry experts/analysts foresee a dim outlook for metallurgical coal as weak global demand for steel along with increased metallurgical coal supply is exerting downward pressure on its prices.

 

The third quarter witnessed reduced demand from steel producers in Europe, which not only implied lower demand for coking coal but also led to increased supply in China, as the US metallurgical coal exporters who were exporting to Europe had to now send their shipments to China where they were forced to compete for lower margins with Australian producers.

 

Also in this report:

 

  • Sector facing regulatory headwinds
  • Supply and demand
  • Key developments

 

Download the full report

 

Other Quarterly Commodity Bulletins:

 

 

 

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Contact

Contact
Carel Smit
Head of Markets
Energy and Natural Resources
Tel: +27 (0)11 647 7065
carel.smit@kpmg.co.za