Removal of coking coal, coke import duties cuts little cost for Indian mills

The removal of import duties on anthracite, pulverized coal injection, and coking coal can alleviate costs for steel mills in India, but seaborne coking coal prices are still “way too high,” industry sources told Fastmarkets this week.

Steel prices have also fallen by much more, they said.

Elevated seaborne coking coal prices in the fob Australia market have been eating into Indian steelmakers’ profit margins as well,...

Published

Min Li

May 24, 2022

04:39 GMT

Shanghai