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German Coal Imports in 2019 Shrink by 15% YoY

Coal News - Published on Wed, 22 Jan 2020

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Reuters reported that VDKI said that Germany imported 40.2 million tonnes of hard coal last year, 14.7% less than in 2018 due to competition from renewables and gas, and as the steel industry curbed usage. The total was comprised of an estimated 7.4% lower intake of coking coal for steelmakers, who purchased 11.5 million tonnes and a 15.5% fall in purchases of coke of 1.9 million tonnes. Thirdly and most significantly, purchases by coal-to-power generators, the biggest user group, fell 17.4% to 26.8 million tonnes.

VDKI MD Mr Franz-Josef Wodopia said "Coal is being pushed out not only by renewable energy, there is an additional price competition with natural gas while carbon emissions permit prices are rising."

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Posted By : Rabi Wangkhem on Wed, 22 Jan 2020
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