South Africa’s power utility Eskom reports that it has received approval from the National Treasury for the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations.
Recently, the price of cold rolled steel strip dropped. Comparing with that at the beginning of this month, the decreasing amplitude exceeds 200 yuan per ton. The mainstream cored wire market is stable with no large price fluctuation yet.