March 2015 | Steel Raw Materials
Rising Chinese supply impacts on fundamentals: Coking Coal and Coke Market Analysis
Manufacturing indicators parted ways, with some improvement seen in February.
Though steel mills after the week-long Chinese New Year will do some restocking, theres no support so far for seaborne metallurgical coal prices, especially when Chinese domestic market prices are cheaper and supply available. More mills have turned to the domestic coking coal market for restocking, though this restocking is less pronounced than usual due to a continued curb in steel production. Downwardly revised data reveals that the year-on-year growth among CISA member producers in January was lower than the provisional, three-monthly announcements suggested, at least on a like-for-like basis of comparable...
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