October 2013 | Steel Raw Materials
Coking coal pricing remains supported: Coke and Coking Coal Highlights
According to latest data released by CISA, China produced 2.14m tpd of crude steel during September 11-20.
Chinas domestic coking coal market remained little changed during the, as most market participants adopted a wait-and-see stance ahead of the week-long holiday which started October 1. Mainstream prices of hard coking coal in northern China were flat at RMB1,040-1,080/tonne ($170-177/tonne) free on rail, unmoved for a third week. Meanwhile, prices delivered to steel mills in the region remained at RMB1,180-1,250/tonne.
Coal producers are unwilling to adjust their prices downward despite slowing sales, however. Although steel mills are reluctant to build up coal stockpiles recently due to weak steel prices which may indicate falling raw materials prices, the demand for raw materials is still firm as steel output continued to increase. According to latest data released by China Iron and Steel Association (CISA), the country produced 2.14m tpd of crude steel during September...
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