07
Dec
10:34
NSSMC foresees first quarter coking coal topping $200/tonne
Tight supply should keep seaborne coking coal prices over $200/tonne fob at least to the end of March. Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) believes. Although higher prices will increase its costs, NSSMC typically is able to pass on most of its cost increases to customers through its contract sales, Kallanish notes.
Strong prices, which reached around $220/t fob in December, have been caused by tight Australian supply and strong dema…
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Anonymous
Very good overview of the weekly steel market.
Anonymous