Category: Coking
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Global met coal, coke, PCI markets weaken as steelmakers regain pricing control
Subdued steel demand, ample supply pressure Australian prices Selective buying slows downtrend but near-term recovery unlikely The metallurgical coal raw material complex weakened during the week ended 24 July as subdued steel demand, ample Australian coking coal availability, and the reversal of China’s coke rally shifted negotiating power towards buyers. Premium hard coking coal prices…