Steel News

We strive to let you one step ahead of the market.

Japan plans to reduce thermal coal import costs against inflation & secure energy supply

4 Feb 2023 17:05 reported by Stanley Wang

A A A
To reduce thermal coal import costs against inflation and secure energy supply, Japanese power utilities are trying to switch to lower quality grades or increase their import source. The measure includes adopting more cheaper low-to-mid-grade coal and looking for new supply sources from Africa and South America.

The interruption of Russian energy exports made a global supply cut, which further caused prices of coal and liquefied natural gas hit record high.

In 2022, Japan purchased thermal coal from Australia and Russia, accounting for 73% and 7% of total Japanese thermal coal purchases. In 2021, Australia and Russia accounted for 73% and 12%, respectively.

Back to Steel News

Related News

LME's nickel prices keep growing on Apr. 22

  • Raw material
  • 23 Apr 2024 17:48

India’s iron ore exports hike in FY23-24 y-o-y

  • Raw material
  • 23 Apr 2024 16:12

BHP Group to decide on future of Western Australian nickel operations by Aug

  • Raw material
  • 22 Apr 2024 16:16

Peru's copper production increases in Feb

  • Raw material
  • 19 Apr 2024 15:40

Global copper demand expected to surge, driven by green energy transition

  • Raw material
  • 19 Apr 2024 15:40

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,792.00
  • 2,814.00
  • Aluminum
  • 2,653.00
  • 2,660.00
  • Copper
  • 9,814.00
  • 9,900.00
  • Nickel
  • 19,010.00
  • 19,200.00

Learn more

Coil Exchange Center

  • 2B Coil-May
  • 2,460
  • 2,320
  • NO1 Coil-May
  • 2,430
  • 2,290
  • 2B Coil-May
  • 2,460
  • 2,320
  • NO1 Coil-May
  • 2,430
  • 2,290

Learn more