Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

China Plans to Cap Key Coal Price to Ease an Energy Crisis

China plans to cap the prices of thermal coal sold by mining companies as part of efforts to ease the country’s energy crisis, which has led to periodic blackouts in many parts of China.

The National Development and Reform Commission, the country’s top economic body, aims to set the price of 5500-NAR coal in China at 440 yuan ($69) per ton Sources said.

This plan, which will last until May 1 of next year, needs the approval of the State Council and the Chinese government, and it may be modified, according to the sources.

The National Development and Reform Commission also wants to control the selling prices of coal from the mines, although it will be left to Chinese local governments to set standards that will limit the rise in coal trading prices locally.

Coal importing companies will also receive government support to compensate for their losses as a result of selling imported coal at less than its import prices.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed