August 2017 | Steel Raw Materials
Rising coking coal usage keeps prices firm: Coking Coal and Coke Market Analysis
Chinese mills have increased their imports of metallurgical coal in the first half of the year, especially from Mongolia, in order to meet growing demand amid the recent upswing in the steel sector.
Coking coal prices have seen gains for five weeks running on the back of the recent upswing in the Chinese steel sector, which continues to outperform the rest of the world. July has been a bullish month for steel raw materials, including coking coal, which saw the first month-on-month rise since April when Cyclone Debbie caused a supply shortage. This time, firm coking coal prices have been supported by strong demand for coking coal due to the large output...
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