The forecast growth in demand for coal over the coming decades for both energy and steel production presents a significant opportunity to target expanding export markets
| Coking Coal | Coal Transport | Sydney Cape Breton Terminal |
Over the past ten years, coal has been the world’s fastest-growing fuel, with demand growing at approximately twice the rate of natural gas and hydro power and more than four times faster than global oil consumption.
Produced in relatively few countries, metallurgical coal is a key raw material for nearly 70% of the world’s steelmaking industry. It includes hard coking coal, semi-soft coking coal and Pulverized Coal Injection (PCI) coal. The chemical composition of the coal is fundamental to steel producers’ raw material mix and product quality.
While the demand for such high quality steelmaking coal has increased, mine and infrastructure capacity constraints continue to limit the global supply of high quality steelmaking coal on the seaborne market. As a result, the benchmark price for this coal has increased substantially over the past decade.
