PREMIUM CONTENT
Line chart comparing Indian coking coal import prices and the HRC steel wholesale price index from 2005 to 2024.

Indian green steel strategy raises long-term questions for coking coal demand

India’s push to scale hydrogen-based steelmaking is increasingly being framed as a way to reduce long-term dependence on imported coking coal, with new analysis suggesting future steel investment decisions could shape the country’s energy security, industrial competitiveness and exposure to global coal markets for decades. India’s green steel strategy is increasingly being framed as a long-term energy security issue, as […]

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Chart showing Newcastle thermal coal forecast range, average and median prices from 2026 to 2030.

Coal price forecasts point to continued market resilience through 2030

Average broker and analyst forecasts continue to point to relatively resilient coal markets through the end of the decade, with hard coking coal prices projected to remain above US$200/t through 2030 while Newcastle benchmark thermal coal forecasts also stay well above historical pre-crisis levels despite ongoing energy transition pressures. Coal price forecasts in KPMG’s March/April 2026 bulletin point to a […]

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Map of Pennsylvania showing coal ash, industrial waste sources, workforce areas, transport links and environmental concerns related to rare earth element recovery.

Coal ash rare earths opportunity gains momentum in Pennsylvania

Pennsylvania’s vast coal ash stockpiles could emerge as a strategic domestic source of rare earth elements used in defence systems, AI infrastructure, batteries and permanent magnets, with new analysis highlighting how legacy coal waste may help strengthen US critical minerals supply chains while creating new industrial opportunities for former coal regions. Pennsylvania’s vast coal ash legacy could offer a new […]

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Bar chart showing India’s total coal and coke imports from CY 2021 to CY 2026 Jan-Apr, with imports at 83.051 MMT in CY 2026 Jan-Apr.

Global coal prices stay cautious as India’s coal and coke imports rise in April

Global coal prices remained mixed in April as supply-side tightness offered support, while weak spot demand limited stronger gains. India’s coal and coke imports rose month-on-month, supported by higher thermal and coking coal volumes, though overall imports stayed below last year’s levels. Global coal prices remained cautious in April, with regional demand trends and freight volatility shaping market sentiment. India’s […]

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