Updated
Updated · Bloomberg · May 28Shanxi Coal Output to Drop 8% After 82 Die in Mine Blast
5 articles · Updated · Bloomberg · May 28
- Shanxi's coal output is projected to fall 8% in May after a coking coal mine explosion killed at least 82 people last week.
- The blast triggered mine halts in the province, nationwide self-inspections and a central-government team to review coal safety measures across China.
- The disruption is expected to raise near-term costs for steelmakers, power plants and chemical producers that rely on Shanxi supply.
- Shanxi produced 107 million tons in April, making the top coal province a critical source whose slowdown could ripple through Chinese industry.
How will one mine explosion in China ripple through the $184 billion global steel market? With a history of violations, was this deadly explosion an accident or an inevitability?