On August 14-16, 2020, 16th Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower. Around 800 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

9th International Raw Materials Supply Chain Summit, 10th Coal & Coke Development Strategy Conference, 8th China Commodities E-Commerce Summit and 2020 SteelHome Summer Report were simultaneously held.

On the afternoon of August 15, Wu Zhiping, Wood Mackenzie (Beijing) Consulting co., Ltd. delivered an opening speech titled with “Analysis and Outlook of Global Metallurgical Coal Supply and Demand”.

Summary of speeches

The global demand for metallurgical coal is expected to drop greatly by 30 million tons in 2020. Among them, the demand of Japan, Taiwan and India has declined significantly. The production demand of China's steel industry has promoted the demand for metallurgical coal. Globally, with the outbreak of the pandemic in India, people in the Indian industrial chain are worried that imports in the second half of this year will be lower than that of the first half of 2020. However, as the production of Indian steel mills resumes, India's demand for metallurgical coke will be V-shaped.

In the second half of this year, the growth of domestic demand for steel depends on investment in infrastructure. Special bonds are actively issued. We believe that infrastructure investment may increase by about 6.2% year-on-year. On the whole, there is still room for national demand for seaborne coal.