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15 Nov
10:40

NSSMC expects $250-300/t coking coal in Q1

Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) expects spot seaborne coking coal prices to remain around $250-300/tonne fob Australia through the next three months, according to reports. It expects to pass on at least 80% of the cost increase to customers, Kallanish notes. Chinese coking coal prices have already begun to decline slightly under government pressure and moves to allow some increase in mining. January coking coal on the Dalian Com…
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