Coking Coal Prices

Investors need to watch out for the reduction in debt levels and pick-up in volumes as incremental capacities start coming in

Rebound in coking coal prices: What does it mean for the steel industry?

Just when the industry expected margin pressures to ease, coking coal prices started to rise.

JSW Steel earmarks Rs 20,000cr capex in FY'23, hopes export duty to be short-lived

JSW Steel has earmarked Rs 20,000 crore capital expenditure in the current fiscal and hoped that headwinds such as export duty on steel and high coking coal prices are likely to be short-lived, a top company official said.

Mitsubishi Corp first-quarter net profit rises 17%, lifted by higher coking coal prices

Mitsubishi, the biggest of Japan's clutch of trading houses by assets, said net profit for April-June was 117.8 billion yen ($1.06 billion), up from 100.8 billion yen in the same period a year earlier.

Steel cos raise product prices by 3-8%, but dealers still hurt

The hike, effected across both flat and long steel products, adds to the price increases undertaken by the companies post Diwali in 2016, one source said.

Expect challenging times ahead for India steel players: ICRA

Domestic steel demand remained largely stagnant in Q1 2016-17, with consumption growing by just 0.4 percent year-on-year (y-o-y) during this period, ICRA said in a statement.

Steel makers may to raise prices by Rs 1,000/tonne nxt mth

The proposed hike is likely to take the price of hot rolled coil (HRC), the benchmark steel product, to Rs 38,500 a tonne from Rs 37,500 per tonne now, said an industry source, declining to be identified.

Q1 likely to be a muted quarter for metal sector

Steel companies are likely to report a muted performance for the June quarter due to lower volumes on account of demand worsening during the quarter.

Food inflation at 9.42% YoY on March 5

India's food price index rose 9.42% and the fuel price index climbed 12.79% in the year to March 5, government data on Thursday showed.

See benchmark coking coal prices at $330/t: Gujarat NRE

In an interview with CNBC-TV18, Arun Kumar Jagatramka, managing director of Gujarat NRE Coke highlighted that coking coal prices have touched the record levels of USD 330 per tonne because the previous contract high was USD 305 in 2008.

Jindal Power IPO likely in 3-4 months to raise Rs 7200 cr

The much awaited initial public offer (IPO) is likely to roll out in the next three to four months, said Sushil K Maroo, Director and Group CFO of Jindal Steel & Power (JSPL). The IPO is targeting to raise Rs 7200 crore.

Coke prices will spike sharply in few months: Gujarat NRE

Arun Kumar Jagatramka, Managing Director of Gujarat NRE Coke expects coking coal prices moving up rapidly due to the panic buying situation."Queensland supplies almost 30% to 35% of the total global coking coal. The supply is suffering very heavily due to floods and there is a panic buying situation now," he explains.