India: Domestic met coke deal concluded at INR 58,500/t in Karnataka

In a confirmed deal, about 5,000 t of BF grade met coke (64-65% CSR) was sold at INR 58,500/t exy Bellary. Bulk deals, however, have been heard concluded at lower levels of INR 54,000-55,000/t. The Indian met coke market remains rangebound with buyers in a wait-and-watch mode in anticipation of a downward correction in coking coal prices, as supplies have improved from Australia and the panic around the Russia-Ukraine war has subsided.