>>Coking Coal will continue to remain as a critical raw material in Europe, according to the European Commission. The criticality of the coal arises from the expected rise of the consumption by the newly-formed ThyssenKrupp Tata Steel Joint Venture, which will supply steel to the automobile industry and numerous other infrastructure programs.
The commission said that the increasing demand for the ultra-low emission vehicles is expected to drive steel demand in Europe, apart from the expected consumption in the UK infrastructural projects.
>>During the 29Oct-3Nov’17 period, Coking Coal exports from Australia were at around 3.3 MnT, according to the data collected by CoalMint Research from Australian ports. China, India and Japan remained as the top export destinations.
>> Coal supplies to non-power customers were heard to be improving to some extent. Due to the sudden rise in demand from the power sector, Coal India Limited was compelled to cater to the power sector on a priority basis. But, with the recent improvement in production, the supplies to the non-power consumers have somewhat got better, as heard.
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