Author: Aditya Sinha
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India: Coking coal import demand to subside as Australian prices continue rising
Australian premium hard coking coal prices have continued to surge with fresh bookings in May on the back of increased spot volatility in ex-China markets. Nevertheless, near-term demand outlook for Australian coking coal from Indian spot buyers appears bleak, given that the resurgent pandemic could well affect India’s steel production. Moreover, major steel mills have…