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Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T


Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to renewed demand, a company source said.

The source on Thursday added that steel production will remain flat at about 6 million tonnes. In 2009, Mechel produced 10.24 million tonnes of coking coal and 7.54 million tonnes of steam coal.

The source added that this year Mechel expects to produce about 18 million tonnes of coking coal.

Coking coal prices have risen sharply in recent months, and analysts at Moscow's Uralsib bank on Monday wrote that Mechel is in talks with Russian clients to raise its Kuzbass prices to $110-$120 per tonne.

The bank also wrote that Mechel is currently exporting coking coal from Yakutugol in Russia's Sakha Republic to Asian buyers at $205 per tonne.
Source: Reuters



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Recent News

Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...


Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
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Thursday, 04 March 10
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Tuesday, 02 March 10
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There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...


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