Metallurgical Coal is a type of coal which is majorly used in producing a better quality of coke. These coals are an essential fuel and reactant for primary steelmaking. Metallurgical coals are having high demand due to increasing request for steels by end-users. Moreover, the industries that are manufacturing primary steelmaking have a different department that produces coal for coking, in order to ensure a low cost and stable supply of these metallurgical coals.
- High Demand for Coal Tar from Industries
- High Demand of Steel from Various End-User
- Advancements in Mining Industry is the Major Trend that is Being Witnessed
- Anticipate Impact of Steel Industry Shifts on Metallurgical Coal Demand
- Stringent Government Regulation for Coals
- High Benchmark Metallurgical Coal Prices
- Emission of Greenhouse Gases during Coal Tar Pitch
Increased Shift in Focus toward Automation due to Various Technological Developments and Growing Investments from Government Sector Regarding Technological developments that can enable Mining at Unconventional Locations such as Ocean Beds
Manufacturers Covered in the Study are:
BHP Billiton (Australia), Teck Resources (Canada), Whitehaven Coal (Australia), Glencore (Switzerland), Yancoal (Australia), Peabody Energy (United States), Coal India Ltd (India), Mitsubishi Corporation (Japan), Mechel (Russia) and Erdenes Tavan Tolgoi JSC (East Asia)
The Global Metallurgical Coal market is gaining huge competition due to involvement of Australia and United States companies that constantly invest in research & development to meet market expectation with new innovation.
On 3rd December 2018, Peabody announced today that it has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. Shoal Creek purchase represents a tremendous step in Peabody's commitment to upgrade our seaborne metallurgical coal portfolio and target the highly attractive seaborne demand centers.
List of players that can be included in the study on immediate basis are Raspadskaya (Russia), Arch Coal (United States), Contura Energy (United States), Anglo American (United Kingdom) and China Shenhua Energy (China).