Research

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

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June 2018 | Steel Raw Materials


Coke prices continue to rise but the outlook is firmer for coal: Coking Coal and Coke Market Analysis


In a high margin environment the economics between mini-mill and integrated facility may be less important than at less fortunate times but according to the sales records of the CISA mills and the profit records for steel producers held by the NBS, these are not, at least for them, high margin times.

Coking coal and coke prices have continued to gather speed, contrary to the pattern in iron ore so far this week. Traditionally an inverse relationship between integrated mills’ major raw materials occurs like this when blast furnace productivity becomes less important. In this scenario, steel mills use lower value iron ores which require more coke and the higher demand for coke then pulls prices higher. In recent weeks we have certainly recorded a modest reduction in iron ore port stocks, the...

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