MYSTEEL: China's thermal coal sector shrugs at capacity-cut rumors

Despite recent market rumors about production capacity cuts in some of China's major coal-producing regions, actual thermal coal supply has so far not been disrupted, Mysteel has determined after surveying multiple coal mines on January 8.

Market jitters had been sparked on Wednesday by news that 52 coal mines in Northwest China's Shaanxi province – which had previously been granted additional production capacity – had failed to fully meet long-term contract supply obligations during the 2024-25 period, as Mysteel Global reported. As a result, 26 of