Coking (metallurgical) coal supplies from Russia have fallen to a minimum level for the first time since May 2022. The newspaper reports:Vedomosti» With reference to a review by the Price Index Centre (PIC).
Thus, according to CCI, the volume of relevant coal exports in June amounted to only 3.7 million tonnes, which is 18% lower than in June 2023. In the first six months of 2024, total annual coal exports decreased by 7% to 25 million tonnes.
The main reason for the decline in coking coal exports is the low profitability of supply. This is also due to the impact of the export tax, which is tied to the dollar.
The newspaper’s source in one of the major coal companies attributed the decline in coking coal exports from Russia to the unfavorable price situation on the world market. Currently, the value of this type of coal on the international stage has almost halved from the peak values it reached earlier.
Putin before It has been said about the role of metallurgy in the country’s development.