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BEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday after September delivery took over as the most-traded contract, but were on course for 10% decline this week on production curbs, while steel prices maintained their upward momentum.
China’s state planner and industry ministry said on Thursday that they would launch an inspection on implementation of steel capacity cut in the past few years, and reiterated fewer crude steel output in 2021 to reduce emissions.
Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.
Providing coverage of Alaska and northern Canada s oil and gas industry
Looking for natural gas, not oil in Alaska
Explorers magazine preview: Gardes aims to produce, sell natural gas, a clean burning fuel, plus build gas powered infrastructure
Kay Cashman
Petroleum News
Bob Gardes of Lafayette, Louisiana, entered Alaska last year with the three-fold purpose of becoming a natural gas producer by acquiring bypassed and/or underdeveloped gas deposits in the Cook Inlet basin, securing off-take commitments to sell gas to Alaska utilities and large industrial end users on a long-term basis, and developing, building and operating gas and power infrastructure that supports the use of the clean burning fuel.
Alabama miners at Warrior Met Coal Inc. striking Share Updated: 11:25 PM CDT Apr 1, 2021 Share Updated: 11:25 PM CDT Apr 1, 2021
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Show Transcript MISS AN UPDATE. SHERI: MORE THAN 1000 ALABAMA COAL MINERS ARE PLANNING A STRIKE FOR WHAT THEY CALL UNFAIR LABOR PRACTICES AT WARRIOR MET COAL INCORPORATED. WVTM 13’S BREA DOUGLAS IS LIVE AT ONE OF THE MINES IN BROOKWOOD. BREA, WHAT DO WE KNOW? [CHANTING] BREA: SHERI, THE STRIKE IS UNDERWAY. THEY ARE CHANTING NO FAIR CONTRACT, NO COAL. ONE SAYS WE EAT RAMEN BECAUSE OF YOU. THEY ARE UPSET. THEY’VE GIVEN THE BEST PART OF THEIR LIVES FOR THE PAST FIVE YEARS TO MAKING THIS COMPANY PROFITABLE, TO EARNING MILLIONS OF MILLIONS OF DOLLARS FOR THESE FOLKS. BREA: PHIL SMITH WORKS WITH THE UNITED MINE WORKERS OF AMERICA. HE SAYS THE MINERS AT WARRIOR MET COAL INC. HAVE MADE SACRIFICES OVER THE COURSE OF FIVE YEARS TO GET THE COMPANY OUT OF BANKRUPTCY YET SAYS THEY STILL HAVEN’T RECEIVED FAI
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VGK has launched a large-scale project to modernise the seaport of Shakhtersk. The project provides for the construction of an automated port with a high-performance loading infrastructure. During a working trip to the Uglegorsk District, the Governor of the Sakhalin Region Valery Limarenko studied a project to modernise the largest offshore coal terminal on the islands.
“The port of Shakhtersk is one of the ten in Russia in terms of dry cargo transhipment volumes. This is the most important enterprise not only for the region, but for the entire region. The port employs about 500 people, most of them are residents of the Uglegorsk region. Students of the mining technical school undergo practical training at the enterprise. With the development of the port, new jobs will appear, and employees will acquire new qualifications. In addition, exports will expand, tax revenues to the regional budget will increase,” said Valery Limarenko.
The supply of coal to thermal power plants (TPPS) of power generating companies of Ukraine in March 2021 for the first time since August 2020, or in the last seven months, exceeded its consumption, according to data from the Energy Ministry.