India: Pig iron prices remain firm, manufacturers worry over rising spot coking coal prices

Monday, January 28, 

Prices remain unchanged. Shortage of imported coal is likely to curb production and prices are expected to remain high. However market players are looking for other options like Indonesia to procure coal after the recent supply crunch from Australia.. News about another cyclone hitting Australia this weekend might disrupt the supplies further.

Comments by:

Traders: “Manufacturers are looking for options such as Indonesia to procure coal after the floods in Australia.  It is heard that BSP has imported some coal from Indonesia Prices are likely to remain firm over squeezed supply of imported coal”