Deadly Shanxi blast jolts China’s coal market, shoots prices up, as safety crackdown threatens steel supply chain - Tekedia

A deadly gas explosion at a Shanxi coal mine killed 82 people and triggered a wave of safety inspections.

Authorities suspended some nearby mines, tightening expected coking coal supply in China’s key steelmaking region.

Coking coal, iron ore and steel prices rose as traders priced in disruption across the raw materials chain.

The shock raises costs for mills and could ripple through China’s broader steel supply network.