04
Aug
16:25
India expects conversion spread correction on costlier feedstock
Indian steel conversion spreads – realisation/tonne minus cost/t – are expected to correct in the second half of the fiscal year through March 2022 (FY22) amid rising coking coal prices and stable steel prices, says India Ratings & Research (Ind-Ra).
Australian coking coal offers landed to India rose 19% on-month and 90% on-year to $211/t in mid-July. “Australian coking coal prices are receiving support from strong demand from Asian countries…
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Anonymous
Very good overview of the weekly steel market.
Anonymous