The price is 6% below the realised price of €91 ($126) per tonne in the first quarter of this year, NWR said on Thursday April 24.
Anglo American and Nippon Steel & Sumitomo Metals Corp (NSSMC) settled the second-quarter hard coking coal benchmark price
late last month at $120 per tonne fob Australia, down from $143 per tonne in the first quarter.
NWR’s coking coal deliveries in the April-June period are expected to comprise 47% mid-volatility hard coking coal, 44% semi-soft coking coal and 9% pulverised coal injection (PCI) material.
The Prague-, Warsaw- and London-listed company sold 1.243 million tonnes of coking coal in the first quarter, compared with a reported 1 million tonnes of coking coal sold in the corresponding period last year.
Earlier this week, NWR mining subsidiary OKD said that it will submit a proposal to the Czech state for terms to close its Paskov coking coal unit
as the company seeks to improve profitability amid wider cost-cutting plans.