Coal India aims to attract steel cos amidst rising coking prices

A report by Business Standard says that global coking coal prices have crossed USD 190 a tonne recently, and Coal India has decided not to increase its prices and recapture market share where the import of coal has increased.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Oct 18, 2016, 10.59 AM | Source: Moneycontrol.com

Coal India aims to attract steel cos amidst rising coking prices

A report by Business Standard says that global coking coal prices have crossed USD 190 a tonne recently, and Coal India has decided not to increase its prices and recapture market share where the import of coal has increased.

Like this story, share it with millions of investors on M3

Coal India aims to attract steel cos amidst rising coking prices

A report by Business Standard says that global coking coal prices have crossed USD 190 a tonne recently, and Coal India has decided not to increase its prices and recapture market share where the import of coal has increased.

Post Your Comments

Share Cancel

Volatility and a rise in global coking coal prices have burdened the steel industry but Coal India is planning for more coal e-auction by keeping its prices competitive.

A report by Business Standard says that global coking coal prices have crossed USD 190 a tonne recently, and Coal India has decided not to increase its prices and recapture market share where the import of coal has increased.

Coking coal - also known as metallurgical coal - is used to make coke by removing impurities to leave near pure carbon. It constitutes a third of steel sector's total costs.

“We are devising plans whereby we will channelise the coking coal variety towards the steel sector,” a senior Coal India official told Business Standard.

Buy, Hold, Sell ? Hear it first on M3
Coal India aims to attract steel cos amidst rising coking prices

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login