Author: Yuvraj Chouhan
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Global metallurgical coal market weakens as Australian supply returns, steelmakers try to cut raw material costs
Indian steelmakers have inventories for 1-2 months Weak steel prices, rising stocks in China weigh on prices PCI outperforms amid weakening coke market Global metallurgical coal and coke markets softened further in the week ended 31 July as improving Australian cargo availability coincided with subdued steel demand, comfortable mill inventories, and declining hot metal production.…