black gold

The recently announced import tariffs of 25% on steel, and 10% on aluminum, using Section 232 of the Trade Expansion Act, could drive upwards of 3-4GW of around-the-clock regional electricity demand. This represents 0.7% of total US power demand growth (or 2.8% for industrial demand growth), and compares well to the forecast total US demand growth of 0.7% prior to the Section 232 announcements. Kentucky, Illinois and Indiana are large producers of steel and aluminum relative to other US states and the positive impacts of higher power demand, increased employment and higher GDP growth are expected to be beneficial to our regional market. The additional plant demand could include:

 Century Aluminum restart in Hawesville, KY, with an expected 600MW of incremental demand;

 Big River, AK to expand Electric Arcfurnace operations with an expected 450MW of incremental demand;

 Alcoa’s Warrick Plant, IN, could restart their remaining two potlines with an expected incremental demand of 300MW;


 New Madrid, MI, aluminum smelter restart with an expected 600+ MW of incremental demand; and

 US Steel restart of the Granite City blast furnace, IL, and AK Steel will likely restart operations at Ashland, KY.

US and international coal demand continues to outpace supply and US coal stocks have been progressively falling

Price hike lifts NSW coal

http://www.theherald.com.au/story/5284972/price-hike-lifts-nsw-coal-states-most-valuable-export/

Who knows what the future holds?
BAUXITE on time.
COAL may be the next big thing.
GLA