{"id":434208,"date":"2021-09-06T08:30:57","date_gmt":"2021-09-06T03:00:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434208"},"modified":"2021-09-06T08:56:00","modified_gmt":"2021-09-06T03:26:00","slug":"high-coking-coal-prices-to-impact-gross-margins-of-steel-mills-says-ind-ra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/high-coking-coal-prices-to-impact-gross-margins-of-steel-mills-says-ind-ra\/","title":{"rendered":"High coking coal prices to impact gross margins of steel mills, says Ind-Ra"},"content":{"rendered":"<p>High coking coal prices are likely to impact gross margins of steel mills, says India Ratings and Research (Ind-Ra).<\/p>\n<p>Accordingly, coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021. <\/p>\n<p>&#8220;Australian coking coal prices are receiving support from a strong demand from Asian countries, ex-China. The limited availability of prompt coking coal cargoes for near-term deliveries due to logistical issues, including freight and container unavailability and high freight rates, could support coking coal prices over the near term.&#8221;<\/p>\n<p>&#8220;While China&#8217;s imports are from ex-Australia suppliers, these countries are not likely to be able to bridge the supply deficit, especially when the domestic consumption within these ex-Australia supplier countries is also increasing with resumption in economic activities, further restricting supply.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High coking coal prices are likely to impact gross margins of steel mills, says India Ratings and Research (Ind-Ra). Accordingly, coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021. &#8220;Australian coking coal prices are receiving support from a strong demand from Asian countries, ex-China. The limited availability of prompt coking coal cargoes for near-term deliveries due to logistical issues, including freight and container unavailability and high freight rates, could support coking coal prices over the near term.&#8221; &#8220;While China&#8217;s imports are from ex-Australia suppliers, these countries are not [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-434208","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434208"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434208\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}