Klaus-Dieter Beck of NWR, head of mining unit OKD, sees growth in emerging markets including in Asia and Germany’s decision to shut its nuclear power stations by 2022 maintaining demand for coal. /Neutral, in our model we expect only slight growth in coal prices in coming years on back of some slight demand recovery/
Future CEO Fabian of OKD said that a decision will be made at the end of the year on whether to begin mining coal at the Debiensko site in Poland. Local media said it is unlikely to begin, because of the global oversupply. The local paper also said that the risk still exists that Evraz Vitkovice Steel will stop using pig iron from ArcelorMittal and will begin tapping its own Russian source. /Neutral/