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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2015 | Steel Raw Materials


Mines do not slow expansion despite weak prices: Coking Coal and Coke Market Analysis


Coking coal suppliers are not slowing down their output growth, despite a clear downward trend in global coke demand that continues to retreat faster than steel.

Seaborne coking coal prices continued to dive in the past week, amid the oversupply and weak demand characterising the past quarter. Recent quarterly reports have reinforced the bearish mood and discouraged buyers from making new bookings. This is despite the fact that iron ore has been recovering of late, albeit from 10-year depths. As a result, Metal Bulletin’s Premium Hard Coking Coal Index fell further below the $100/t mark to $95.99/t on Monday 20th April, down $2.16/t from a week before.

Coking coal suppliers are not...

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