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NZM Test - Insight Metallurgical coal

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Steel decarbonisation is progressing more slowly than previously anticipated, but the long-term direction remains clear. Under our Net Zero scenario, global metallurgical coal demand falls to 422 Mt by 2050 as steelmakers increasingly adopt scrap, DRI and EAF-based production routes. Premium hard coking coal gains share as producers seek emissions reductions from existing blast furnace assets. Seaborne trade volumes also decline, but certain regions such as India help to sustain demand.

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