It's more than just an excellent news service.

It's about becoming part of the mining and gas community.

Subscribing to Shift Miner means you can get full access to all our news and special reports, advertise anything you want in the classifieds (print & digital) and browse the jobs board.

So no matter where your job takes you, you're just a click away from the best source of mining information on mobile, in print and online.

DIGITAL SUBSCRIPTION: $4.99 a week
Includes full access to all areas on smartphone*, ipad and online.
*Download the free iphone app from itunes

STILL NOT SURE?
Click here to sign up for our free news headlines service: The WINO (Wednesday’s Industrial News Online)

Email [username]:

Name:

Coupon Code:
Leave blank if you don't have one
Password:

Confirm Password:

Terms and Conditions and Privacy Policy
Under 6 team mining Steve Beale and Chris Dunphy, MIPEC (L-R) Bronte and Fallon Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgenericimage_3 kaleb and Gino Greg Byrne, Downing; Ian Reed, QNP Aboutusgeneric_1 Under 13 Yellow Team dragline President of Junior Crushers Sean Daly with Special Guest Nick Cotric who was named Rookie of the Year for Canberra Raiders Under 15's Award Winners The Gavin Daly Memorial Shield was won by Bailey Keabel and Jack Pidgeon seen here with Sonia Daly csg
Under 6 team mining Steve Beale and Chris Dunphy, MIPEC (L-R) Bronte and Fallon Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgenericimage_3 kaleb and Gino Greg Byrne, Downing; Ian Reed, QNP Aboutusgeneric_1 Under 13 Yellow Team dragline President of Junior Crushers Sean Daly with Special Guest Nick Cotric who was named Rookie of the Year for Canberra Raiders Under 15's Award Winners

Global steel demand unchanged
PROOF that low prices are a production problem.
Wednesday 26 November 2014  

FIGURES just released by the World Steel Association have again confirmed that low demand is not the reason for low coking coal prices in Queensland.

World crude steel production was at the same level in October as it was 12 months ago, although that also means that there is no longer growth in steel production around the world.

By comparison, in August 2013 monthly steel production was growing by around 8 per cent year on year globally - and in China it grew 17 by per cent.

Broken down into our major trading partners, China’s crude steel production for October 2014 was 67.5 million tonnes (Mt), down just 0.3 of a per cent for the year, whilst Japan produced 9.4Mt of crude steel, which was a fall of  0.5 per cent.

Amongst those countries increasing steel production were South Korea, producing 6.21Mt - up 4.5 per cent - and France, up around 15 per cent to 1.6Mt.

So with demand still high (but not growing) and coal prices falling - the issue remains an over supply one.

Figures released in September by the Queensland mines department confirmed the over supply.

The department’s Monthly Coal Report showed that during the twelve months ending in May this year, total raw coal production was 46 per cent higher than it was in the 12 months to May in 2013.

Saleable coal production was nearly 11 per cent higher.

The oversupply is why mining giant Glencore has shut down its operations for nearly a month over Christmas - forcing around 8000 staff to take leave.


 

Similar Topics