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20 Sep
11:31

Supply constraints to elevate coking coal prices: Ind-Ra

Following the Russian invasion of Ukraine, coking coal prices surged to a record high in March. Prices, however, have started gradually decreasing as Indian steel manufacturers consume existing inventory, use blended grades, and defer import bookings. Furthermore, global coking coal prices took a hit on the resurgence of Covid-19 in China, resulting in lower industrial activities and thus lower demand for coking coal, says India Ratings & Researc…
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