Energy Update
The electricity grid is an aging beast, but not so old that it’s frozen in time. The grid as we know it typically operates by tapping several different power sources and by keeping some back-up on the side just in case.
Posco's CEO and chairman, Kwon Oh-joon, told Korean media in February this year may be even tougher for Korea's steel industry as global demand will inch ahead by a meager 2% amid softer demand from the US energy sector and slow economic development in China.
Korea's steel exports last year grew an admirable 11% to 32.27 million mt in the face of competition from China, and towards year's end, from historic rival Japan, whose steelmakers have benefited from the near 10% depreciation of the Yen from end-September.
Pull up a chair in the interrogation room and join Brian Scheid as he asks questions about new hydraulic fracturing rules and their impact on US oil and gas producers.
Gasoline accounts for roughly 30% of Japan's domestic oil demand. Platts editors analyze Japan's improved refining margins, the changes that helped refiners in the fiscal year 2014-2015.
ULAN BATOR, April 6 (Reuters) - Mongolia will soon finalise negotiations that will free up $8 billion for expansions at the country's largest coal and copper mines, its prime minister said in a national address on Sunday.
Low oil prices present the shale industry with a problem: how to keep production up while trying to push costs down.
South Korea's steelmakers are rightly apprehensive about 2015. Steel imports, largely from China, surged last year to take a 40% market share, even as local capacity and production grew, forcing a flurry of mergers and acquisitions and some financial restructuring.
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