Author: Indu Bhusan Nath
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Are the Rising Coking Coal Prices Actually Benefiting China?
Paradoxically, the rising Coking Coal price trend has virtually placed China in a competitive position in comparison with the Asian counterparts—Japan and South Korea. Steel makers in Japan and South Korea mostly rely on seaborne Coking Coal, sourced predominantly from Australia. Whereas, China is comparatively less dependent on imports of the coal as the country…