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New Report: Steel and Coal: Global, country-, and company-level Analysis of coal consumption in the Steel industry by Ali Hasanbeigi: Global Efficiency Intelligence Coal consumption in the steel industry is a critical focus for tackling climate challenges. With the sector accounting for 14% of global coal consumption in 2022, the industry's reliance on coking and thermal coal underscores the urgent need for a transition toward low-carbon steelmaking technologies. Key Insights: * Coal Dependency in Steelmaking: The Blast Furnace-Basic Oxygen Furnace (BF-BOF) process, dominating global steel production, heavily relies on coking coal for coke production and thermal coal for auxiliary processes like Pulverized Coal Injection (PCI) and captive power generation. * Global Consumption Trends: In 2022, steel production consumed approximately 755 Mt of coking coal and 389 Mt of thermal coal. China led global coal consumption in steelmaking, reflecting its extensive BF-BOF capacity. India followed, driven by coal-based Direct Reduced Iron (DRI) production and captive coal power. * The Path to Decarbonization: Transitioning to green hydrogen-based Direct Reduced Iron (H₂-DRI) offers a viable pathway to decarbonize steel production, reducing reliance on coking coal and cutting carbon emissions significantly. However, success hinges on the availability of affordable renewable energy and substantial investments in hydrogen infrastructure. To drive the steel sector's decarbonization: * Policymakers must implement financial incentives and carbon pricing mechanisms to support green H₂-DRI adoption. * Industry leaders need to prioritize scaling H₂-DRI technologies and other innovative solutions, moving away from coal-intensive BF-BOF methods. * Collaborative efforts between governments, industry, and stakeholders are essential to develop sustainable supply chains and foster the shift toward low-carbon steelmaking. The report can be downloaded from the following links: https://lnkd.in/gK9mpw5K #Decarbonization #SteelIndustry #Sustainability #GreenSteel #ClimateAction #HydrogenEconomy

Global coal use is at an all-time high. Despite the need for rapid transition to clean and renewable energy, the IEA estimates that global #coal use peaked in 2024 and will remain at these levels for the next few years. What sectors are driving the continued dominance of coal? We know that China's power sector consumes one third of all coal globally, but did you know that the iron and #steel industry accounts for around 14% of global coal consumption? Blast Furnace-Basic Oxygen Furnace (BF-BOF) steelmaking guzzles coking coal to produce coke that is used in the blast furnace, and thermal coal for auxiliary processes such as pulverized coal injection and captive power generation. Given that most of China's steel is produced by the BF-BOF route, and #China is the largest steel producer in the world, it's no surprise that China consumes 64% of coal used in the steel industry globally. Coal use is concentrated in just a few sectors and countries around the world. To accelerate energy transition, governments and industry stakeholders must collaborate to promote low-carbon steelmaking technologies, such as green H₂-DRI steelmaking as an alternative to the BF-BOF route. The relationship between coal, iron, and steel was the foundation of the Industrial Revolution. Today, making steel with less coal is key to solving the climate crisis. For more data and analysis about coal and steel's ongoing relationship, check out our newly released report "Steel and Coal: Global, country-, and company-level analysis of coal consumption in the steel industry" by Global Efficiency Intelligence. ➡️ https://lnkd.in/euWy-zhD #industrialdecarbonization

The report "Coal Vessels set to Sail from US East Coast" (October 11, 2024) details upcoming coal shipments from major US East Coast ports, organized by coal type, shipper, and destination. The majority of the shipments are metallurgical (MET) coal, which is critical for steel production, with the remainder being thermal coal, primarily used for power generation. The data highlights the dominant role of MET coal in the export market, particularly to countries like Brazil, China, and India, reflecting global industrial demand. #CoalExports #EnergyMarket #MetallurgicalCoal #ThermalCoal #GlobalTrade #USPorts #SteelIndustry #EnergyTransition #ShippingLogistics #EastCoast

#Russia's coking coal output climbed 9.2% YoY to 56.2 Mt during H1, 2024. Total coal production was 211 Mt in the same period, down 0.7% YoY, according to Rosstat. Details: https://buff.ly/4fjhQsx #CokingCoal #CoalOutput

The Chinese coal market is currently marked by a mix of bullish sentiment and caution. Thermal coal prices are rising due to structural shortages and pre-holiday restocking from utilities, while coking coal sees limited upward potential owing to cautious buyer behavior and ongoing losses for coke producers. The steel market offers some support for coking coal prices, with slight improvement noted, while coal imports surged in August, remaining competitive due to lower prices and favorable exchange rates. Power generation continues to increase, particularly in industrial sectors, while steel production remains weak. Overall, the market remains volatile, with prices influenced by shifts in demand, supply, and government policy. #CoalMarket #ChinaCoal #ThermalCoal #CokingCoal #SteelProduction #Energy #CoalImports #PowerGeneration #Commodities #MarketUpdate https://lnkd.in/dQCWWWRB

The Chinese coal market is currently marked by a mix of bullish sentiment and caution. Thermal coal prices are rising due to structural shortages and pre-holiday restocking from utilities, while coking coal sees limited upward potential owing to cautious buyer behavior and ongoing losses for coke producers. The steel market offers some support for coking coal prices, with slight improvement noted, while coal imports surged in August, remaining competitive due to lower prices and favorable exchange rates. Power generation continues to increase, particularly in industrial sectors, while steel production remains weak. Overall, the market remains volatile, with prices influenced by shifts in demand, supply, and government policy. #CoalMarket #ChinaCoal #ThermalCoal #CokingCoal #SteelProduction #Energy #CoalImports #PowerGeneration #Commodities #MarketUpdate

Coal Tar Pitch Market in India: The Importance of Coal Testing, Production Insights, and Industry Applications https://lnkd.in/gKxmEcJ3

Despite an expected drop in coal production volumes, export demands remain fairly steady. Coal demand is expected to improve due to the rise in steel production as well. #energystrong #investing #opportunity #criticalminerals#venturecapital #investmentbanking #energysecurity #energy #medicine

Australia’s Department of Industry, Sciences and Resources has forecast steelmaking coal to remain at sub-US$200 per tonne levels over the medium term with a forecast of US$210 set until 2027. https://buff.ly/4apKO85 #coal #production #australia #commodities #miningnews

New report by Global Efficiency Intelligence dives into coal use in steel production, offering insights into the industry's significant reliance on different types of coal and the urgent need to transition to low-carbon technologies. https://lnkd.in/gNa6yZd6