Author: Aditya Sinha
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Australian coking coal prices strengthen on sustained demand, supply crunch
Australian premium hard coking coal prices continued to increase relentlessly over the past week, on the back of persistent high demand in the Asian markets excluding China, while on-spot availability of premium cargoes remained tight. However, Indian demand for seaborne coking coal remained largely subdued, as both steel demand and metallurgical coke prices are declining…