Ann: Burton Wash Plant and Boxcut Underway, page-27

Bowen Coking Coal (ASX:BCB) CEO Matt Ruston, whose company is investing in a doubling of wash plant capacity to 5.5Mtpa, says coking coal demand will remain strong with China’s return to the Australian market.

“At a time when Bowen is significantly ramping up production, we believe that strong coking coal prices will be here for some time to come,” Ruston said as premium hard coking coal remained above US$321/t on March 27.

“The expected re-entry of China, the world’s largest steel producer, is likely to make up lost ground this year after ending its strict zero-COVID policy, which has previously dampened growth and its associated steel and metallurgical coal demand.”