Ever heard about Steelmaking Coal?
Letβs dive in!
A Sunday thread below! π§΅ππ»
#investing #learning
Letβs dive in!
A Sunday thread below! π§΅ππ»
#investing #learning
(1/5)
Steelmaking coal has characteristics that make it ideal for heating and transforming it into coke, the carbon source needed to make steel.
It used in everything from buildings, tools, trains, planes, and automobiles, to cookware, cutlery, surgical tools and implants.
Steelmaking coal has characteristics that make it ideal for heating and transforming it into coke, the carbon source needed to make steel.
It used in everything from buildings, tools, trains, planes, and automobiles, to cookware, cutlery, surgical tools and implants.
(2/5)
Analysing the Global demand for Steelmaking coal-
The demand for Steelmaking coal is ever increasing due to increased urbanisation, rising middle class & improving standard of living across the globe!
A whooping 2.5Bn people are projected to move to urban areas by 2050!
Analysing the Global demand for Steelmaking coal-
The demand for Steelmaking coal is ever increasing due to increased urbanisation, rising middle class & improving standard of living across the globe!
A whooping 2.5Bn people are projected to move to urban areas by 2050!
(3/5)
Letβs see the quantity of Steelmaking coal used in the everyday item in the infographic below!
Roughly 72% of global steel production relies on steelmaking coal.
Letβs see the quantity of Steelmaking coal used in the everyday item in the infographic below!
Roughly 72% of global steel production relies on steelmaking coal.
(4/5)
Clean energy! How clean?
Fact -
Each megawatt of solar power requires up to 45,000 kg of steel, which requires 31,500 kg of steelmaking coal.
A wind turbine requires 260,000kg of steel, which requires 170,000kg of steelmaking coal!
Clean energy! How clean?
Fact -
Each megawatt of solar power requires up to 45,000 kg of steel, which requires 31,500 kg of steelmaking coal.
A wind turbine requires 260,000kg of steel, which requires 170,000kg of steelmaking coal!
(5/5)
Looking at the demand and the future prospect for steelmaking coal. Which companies in India do you think will benefit from them same?
@KirtanShahCFP @AvadhMaheshwar2 @caniravkaria @safiranand
Looking at the demand and the future prospect for steelmaking coal. Which companies in India do you think will benefit from them same?
@KirtanShahCFP @AvadhMaheshwar2 @caniravkaria @safiranand
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