February 2018 | Steel Raw Materials
Short-term constraints set to fade by Q2: Coking Coal and Coke Market Analysis
A sustained period of coking coal pricing above $100 per tonne bolsters US exporters.
The coal industry remains vulnerable to a supply shock during the cyclone season which began in November ending in late April. A severe deterioration in weather conditions has the potential to force down expected supply from Australia. Notably in 2011, above average cyclone activity caused many mines along Australias eastern seaboard to be inundated with water. It took several months for operations to come back to full production, sending coking coal prices to record highs near...
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