China’s Coking Coal Industry Calls for Supply Curbs and Consolidation ...Middle East

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China’s Coking Coal Industry Calls for Supply Curbs and Consolidation
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China’s coking coal industry needs supply curbs and consolidation, the head of the largest miner in the segment said this week, as quoted by Bloomberg. The government needs to place limits on supply, consolidate smaller miners into large state-owned entities, and build strategic reserves of coking coal, Zhao Jianze, chairman of Shanxi Coal Energy Group told Chinese media. Coking coal is used in steelmaking and China’s domestic reserves of it are nowhere near its thermal coal resources, which has made it dependent on imports.…

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