Alexander Titov, senior expert at the Energy Department of the Institute for Energy and Finance, commented to Kommersant on the forecast of coal loading on the Russian Railways until 2030.
According to the Chermet Corporation, in January—October, steel production in Russia decreased by 4.9% year-on-year, to 56.2 million tons.
Export prices for metallurgical coal have increased by 25-30% since May due to the restoration of profitability of steelworkers in China and stricter inspections at local mines, which negatively affected production in China, Alexander Titov says.
"The rates for providing gondola cars and coal transshipment are already at minimum levels. The global and Chinese steel market conditions are under pressure from weak demand and excess smelting capacity, which will limit further price increases for the ferrous metallurgy coal," the expert believes.
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