Trends and challenges in the coking coal market

About this webinar

Steel is an essential raw material with a wide array of applications throughout society. Most of the world’s iron and steel industries use methods that require coking coal, chiefly the integrated blast furnace and basic oxygen furnace method (BF-BOF). This form of steel manufacture has changed little over the years. Electric arc furnace (EAF) production has existed for many years, but massive supplies of reliable and affordable electricity are limits to growth growth in regions such as Asia. BF-BOF steel production thus remains the main form of steel production and will sustain a market for coking coal for many years. Even economies undergoing a more rapid energy transition will expand wind power which is heavily dependent on carbon steel. The role of the BF-BOF plants could thus remain significant, albeit with subdue growth.