A small 500 t parcel trade for South African RB2 (5500 kcal/kg NAR) grade coal at Gangavaram Port was recorded at INR 20,800/t, while offers remained firm at INR 21,500/t-22,500/t. Enquiries from sponge iron manufacturers continued to remain under pressure amid market volatality. Limited availability of domestic coal has resulted in reduced capacity utilisation at plants, market participants said.
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