China’s Apr crude steel output hits record high, up 5% on year at 72.78 mil mt

China’s crude steel output in April hit a fresh historical high of 72.78 million mt, up 4.9% year on year, data released by the National Bureau of Statistics Monday showed.

Glencore-Tohoku Apr 2017 coal benchmark at $84.97/mt highest in four years

Australian miner Glencore and its Japanese customer Tohoku Electric have finally settled on a price for April 2017-March 2018 term contract deliveries of Australian 6,322 kcal/kg GAR thermal coal at $84.97/mt FOB Newcastle, the highest benchmark since $95