July 2019 | Steel Raw Materials
Shrinking coke margins in China put pressure on met coal prices: Coking Coal and Coke Market Analysis
Tight operating margins at steel mills put pressure on steelmaking raw materials prices in general.
Seaborne coking coal prices continued to decline across the board in the week ended Friday July 5, according to Fastmarkets daily indices. Hard coking coal (HCC) prices posted the biggest drops, retreating further by $6.16 per tonne and $5.50 per tonne on a weekly average basis in the Chinese import and Australian export markets, respectively. Premium hard coking coal (PHCC) prices declined by $4.20 per tonne in China and by $3.90 per tonne in Australia. This brought the indices to the lowest level...
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