By far the most crucial development in the global steel
industry in September 2016 has been the rapid increase in
metallurgical coal prices. Since a trough in late May 2016 of
less than $80/tonne metallurgical coal prices improved steadily
through the early part of the summer, but have spiked higher
$70/tonne higher in the last month to $175-190/tonne fob and
How and why coking coal prices have moved up in the manner is a
discussion best undertaken in Metal Bulletin Research's various
weekly/monthly Tracker Forecaster products. But for the
purposes of this LinkedIn post I wanted to examine the impact
this may have on the outlook for the steel industry.
I estimate that an increase in...