Coal outlook uncertain; seaborne trade patterns are changing

Pictured: coal burning; Credit Nikolay Kovalenko, Colin Viessmann and Unsplash

Thermal coal exports are under pressure, both from COVID and also from overseas governments looking to cleaner energy sources. Metallurgical coal is bucking the trend, according to the latest edition of the Resources and Energy Quarterly (published by the Office of the Chief Economist).

But first… steel

As every 1,000 kilograms of steel requires 800 kilograms of coal to make, according to the REQ, global steel...

https://shippingaustralia.com.au/coal-outlook-uncertain-seaborne-trade-patterns-are-changing/

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