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China not Trump drives U.S. coal export revival Russell

If China does seek a way to retaliate against U.S. proposals to impose import curbs on steel and aluminium, then targeting President Donald Trump’s favoured coal would be tempting.

One of Trump’s key campaign promises in the 2016 election victory was to end the war on what he termed “beautiful, clean” coal. Figures released last week by the U.S. Energy Information Administration (EIA) suggest he has met with some success.

U.S. coal output surged the most in 16 years to reach 773 million short tonnes, equivalent to about 701 million metric tonnes, in 2017, the EIA said on Feb. 16.

Coal miners produced about 40.8 million tonnes more in 2017 than in 2016, the EIA said.

China bought 5.95 million tonnes of U.S. coal last year, more than double the 2.8 million of the prior year, while India remained the top Asian destination, with imports of 13 million tonnes, up from 8.7 million in 2016.

Japan remained slightly ahead of China with imports of 6.9 million tonnes of U.S. coal in 2017, up from 5.2 million the prior year, according to the vessel-tracking numbers.

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