Indian buyers returning to spot seaborne coking coal market

Seaborne coking coal sellers are targeting the Indian market where buyers are finally showing an interest to procure spot cargoes, having sat on the sidelines in the previous weeks.

“We have some appetite now and are receptive to spot fixed-price offers,” a buyer source in India said. Another buyer source added that steel markets had been performing “reasonably well and some Indian buyers are keen to conclude spot deals.” In India, domestic billet prices rose by about Rs1,000 ($16) per tonne last week amid a spike in demand for rebar, Metal Bulletin reported....

Published

Deepali Sharma

September 14, 2017

11:30 GMT

Singapore